Company News
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Standard Chartered facing $2.7bn lawsuit linked to 1MDB scandal
Tuesday 01 Jul 2025
(Sharecast News) - Standard Chartered is facing a $2.7bn lawsuit linked to the sprawling 1MDB scandal, it was confirmed on Tuesday. Read More
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Ofgem £24bn investment plan draws mixed industry response
Tuesday 01 Jul 2025
(Sharecast News) - Ofgem announced the provisional approval of £24bn in funding to upgrade Britain's energy infrastructure on Tuesday, in a major step toward securing energy supply and enabling the tr... Read More
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Kitwave cuts full-year profit outlook, shares tumble
Tuesday 01 Jul 2025
(Sharecast News) - Kitwave tumbled on Tuesday as it posted record first-half revenue and operating profits but cut its full-year profit outlook, citing fragile consumer confidence and increased costs. Read More
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Aviva's £3.7bn takeover of Direct Line given green light
Tuesday 01 Jul 2025
(Sharecast News) - Aviva's £3.7bn takeover of smaller rival Direct Line Insurance Group has been cleared by the competition watchdog, it was confirmed on Tuesday, the final hurdle facing the tie-up. Read More
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Wood Group further extends debt facility waivers
Tuesday 01 Jul 2025
(Sharecast News) - Wood Group said on Tuesday that it has secured a further extension to the temporary waivers on its committed debt facilities, pushing the expiry date to 31 July as discussions with ... Read More
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Synthomer extends relaxed covenants as weakness persists
Tuesday 01 Jul 2025
(Sharecast News) - Synthomer said on Tuesday that it has secured an extension to its covenant relaxation agreement with its banking syndicate through to the end of 2026, as it navigates weaker-than-ex... Read More
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CLS disposes of two properties in Germany
Tuesday 01 Jul 2025
(Sharecast News) - Property investment firm CLS Holdings said on Tuesday that it has disposed of two properties in Germany for a total of €41.3m. Read More
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Supermarket REIT secures new £215m JV loan
Tuesday 01 Jul 2025
(Sharecast News) - Supermarket Income REIT said it had completed a new £215m loan for its joint venture with funds managed by Blue Owl Capital. Read More
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Sainsbury's holds guidance as Q1 sales jump
Tuesday 01 Jul 2025
(Sharecast News) - UK supermarket chain Sainsbury's reported a sharp jump in first-quarter like-for-like sales as consumers tucked into its new range of 'Taste the Difference' products including Spani... Read More
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Drax taps Frank Lemmink for CFO
Tuesday 01 Jul 2025
(Sharecast News) - Energy firm Drax has tapped Frank Lemmink to take over from Andy Skelton as chief financial officer, with effect from 1 September. Read More
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UK shop inflation returns as food costs surge
Tuesday 01 Jul 2025
(Sharecast News) - Shop prices returned to inflation in June on the back of a big jump in food prices, fuelled by high wholesale prices and rising wage bills. Read More
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Tuesday preview: Factory PMIs, Sainsbury in focus
Monday 30 Jun 2025
(Sharecast News) - The market spotlight during the first session of the third quarter will be on a raft of purchasing managers' surveys for factory sector activity in China, the UK, euro area and US d... Read More
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Santander reportedly submits bid for UK's TSB
Monday 30 Jun 2025
(Sharecast News) - Santander is reportedly among bidders that have submitted a binding offer for Britain's TSB. Read More
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Nissan set to cut hundreds of jobs at Sunderland plant
Monday 30 Jun 2025
(Sharecast News) - Japanese motor giant Nissan is expected to cut hundreds of jobs at its production plant in Sunderland as part of plans to cut its global headcount by 15%. Read More
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Director dealings: Halma CEO offloads shares
Monday 30 Jun 2025
(Sharecast News) - Halma revealed on Monday that chief executive Marc Ronchetti had disposed of 36,245 ordinary shares in the FTSE 100-listed safety equipment business. Read More
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UK fuel margins still high despite lower pump prices, says CMA
Monday 30 Jun 2025
(Sharecast News) - The UK competition regulator has said that fuel margins still remain high despite the recent falling in prices at the pump. Read More
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Polar Capital CEO to retire, firm appoints successor
Monday 30 Jun 2025
(Sharecast News) - Polar Capital announced on Monday that chief executive Gavin Rochussen would retire after eight years in the role. Read More
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WH Smith cuts price of high street division amid weak trading
Monday 30 Jun 2025
(Sharecast News) - Retailer WH Smith said on Monday that it has cut the price of its high street business after a slump in trading. Read More
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IWG launches second tranche of $100m share buyback
Monday 30 Jun 2025
(Sharecast News) - Hybrid workspaces business International Workplace Group said on Monday that it has launched the second tranche of $50.0m of its $100.0m share buyback announced on 6 May. Read More
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German CPI in surprise fall to 2%
Monday 30 Jun 2025
(Sharecast News) - German annual inflation rate unexpectedly fell to 2% in June, according to preliminary data from statistics office Destatis published on Monday. Read More
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