Applied Nutrition limbers up for £500m London Stock Exchange debut this year August 27, 2024 Protein shake maker Applied Nutrition has confirmed plans for a potential £500m float on the London Stock Exchange today in the latest sign of life for the capital’s beleaguered bourse. In a statement to the market, the Liverpool-based health and wellness brand said it was gearing up for an IPO on the main market of [...]
AS Watson: Pharma partner Icanthera’s cash reserves soar August 27, 2024 UK-based pharmaceutical company Icanthera said its cash reserves soared over the last year as it has struck a major deal and is focusing on developing new products. The company that manufactures dermatology and oncology treatments said its cash position increased to £61,000 at 31 March 2024, up from £3,000 in the previous year. Icanthera said [...]
JD Wetherspoon: Tim Martin’s chain reveals when its new London Waterloo pub will open August 27, 2024 Sir Tim Martin’s JD Wetherspoon will open a new pub in Waterloo Station next week, creating 70 jobs and serving Brits waiting for delayed trains. The budget boozer said it has spent £2.8m on developing the new watering hole, called the Lion & the Unicorn, inspired by a building from the 1951 Festival of Britain. [...]
Ocado cements Coles partnership as Australian fulfilment centres open August 27, 2024 Online grocer Ocado has announced that its two fulfilment centres in Australia commenced operations in July after a year of delays. The centres, which will serve communities in Melbourne and Sydney via Ocado’s Smart Platform, were opened in partnership with Australian online grocer Coles. The partnership was signed in 2019 and has been subject to [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
Flowtech buys out struggling rival Thorite to boost UK expansion August 27, 2024 Fluid power products supplier, Flowtech, has struck a £350,000 deal to acquire the struggling pneumatics and fluid products provider Thorite. The London-listed firm, which is headquartered in Flookburgh, Cumbria, said the acquisition would bring “significant benefits” including better operational efficiency, cost savings, and improved profit margins. It added that Thorite’s existing locations would help Flowtech [...]
Cambria Africa eyes AIM delisting as it plots liquidation of assets August 27, 2024 Cambria Africa, a holding company with investments in Zimbabwe, has announced plans to delist its shares from London’s AIM market. The company’s shares have been suspended from trading since March following its failure to release its financial results for the year ending August 2023 and for the six months ending February 2024. The long-awaited financial [...]
Bunzl: FTSE 100 giant upgrades profit guidance amid record year for acquisitions August 27, 2024 Specialist distribution group Bunzl has upgraded its profit guidance once more and reported a strong first half as its resilient business model continued to hold up. The FTSE 100 company reported a decline in revenue of 0.4 per cent at constant exchange rates to reach £5.7b, with “underlying revenue trends improving in the second quarter [and] [...]
BHP: World’s largest miner reports profit slump due to ‘uneven’ China recovery August 27, 2024 "In the near term, we expect volatility in global commodity markets," BHP said.
Helium One snaps up stake in major US project as global expansion takes off August 27, 2024 London-listed helium explorer Helium One has acquired a significant stake in two major US projects as it continues its quest to expand its global footprint. The firm, which is the biggest helium explorer in Tanzania, has signed an agreement to acquire a 50 per cent stake in Blue Star Helium’s Galactica-Pegasus project in Colorado. Helium [...]
