Eurowag: Trucking services firm’s shares jump on higher revenue while profit slides September 5, 2024 Eurowag has reported a jump in revenue for the first half of 2024, while the FTSE 250 trucking services group's profit slid and it said it still had no plans to pay a dividend three years after listing in London.
Pension giants risk snubbing smaller stock markets in Mansion House investment drive September 5, 2024 Top pension fund managers risk neglecting London's junior stock markets and have made only sluggish progress on a landmark pledge to inject some £75bn into growth companies by 2030, a London business body has said.
Vodafone: Buybacks boost UAE’s sovereign wealth fund’s stake September 4, 2024 According to a recent update, the sovereign wealth fund of the United Arab Emirates now owns 15 per cent of Vodafone. While the Emirates Investment Authority (EIA) has not acquired any more shares in the communications giant, Vodafone’s ongoing share buyback has reduced the number of shares outstanding, boosting EIA’s position on the share register. [...]
Pinewood Technologies strikes deal with AI firm to bolster US expansion September 4, 2024 Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood Technologies, which is listed on the London Stock Exchange, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round. The [...]
CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
Inspiration Healthcare reports steady revenue following acquisition September 3, 2024 Inspiration Healthcare has reported revenue of £17m in the first six months of its financial year, driven by significant growth in its infusion therapies products division, it said today. The London-listed firm, which is headquartered in Croydon, said its revenue was in line with management expectations in the six months ending July 31, 2024, boosted [...]
How Rightmove became London’s (and the FTSE 100’s) most profitable company September 3, 2024 From an unknown tech start-up to the undisputed king of the UK’s online property sector, Rightmove is a shining example of how to turn a simple idea into a whole lot of profit. In its most recent full-year results, the London-listed property portal astounded investors by revealing it had achieved a record 71 per cent operating profit margin – [...]
Zilch: London fintech unicorn hits monthly operating profit ahead of planned listing September 3, 2024 Zilch has reported its first month of operating profit four years after launching, as the fintech unicorn made progress on its financial targets ahead of a much-anticipated stock market listing.
Rightmove shares jump by a quarter as News Corp-owned REA eyes £4.4bn swoop September 2, 2024 Australian property giant REA Group, backed by Rupert Murdoch's News Corp, is considering a £4.4bn takeover bid for UK competitor Rightmove.
Biotech firm Reneuron becomes latest to quit AIM as it battles for survival August 30, 2024 Biotech firm Reneuron Group has become the latest company to exit from the London Stock Exchange’s AIM as it continues to fight for its life after entering administration. The Welsh company, which was first floated on London’s junior market in 2005, said it did not believe it would be able to raise enough funds to [...]