EVGEN PHARMA PLC Sterling Weakens as China Concerns Grow
1334 GMT - Sterling falls to its lowest level since mid-June against a firmer dollar, tracking broad falls in riskier currencies as concerns grow about China's weakening economy, writes Samer Hasn, market analyst and part of the research team at XS.com. "This weakness in sterling today came with more negative data coming out of China," he says, referring to Chinese services purchasing managers indicators for August showing the slowest pace of growth since December. GBP/USD falls 0.5% to 1.2571, having earlier hit a low of 1.2527, according to FactSet. (emese.bartha@wsj.com)
COMPANIES NEWS:
DS Smith 1Q in Line With Views, Driven by Pricing, Cost-Control
DS Smith's performance in the first quarter of fiscal 2024 was in line with the board's expectations, driven by continued resilient pricing and strong cost-control measures, despite challenging end markets, it said Tuesday.
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Ashtead Group Pretax Profit, Revenue Rises on North American Markets
Ashtead Group's pretax profit rose together with rental revenue, driven predominately by robust North American end markets, the company said Tuesday as it backed its overall view for fiscal 2024.
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PZ Cussons Offers to Buy Remaining Nigerian Unit Share for GBP22.8M, Delist Business
PZ Cussons is offering to buy the remaining 26.73% of PZ Cussons Nigeria from minority shareholders for 22.8 million pounds ($28.8 million), and then plans to de-list the company from the Nigerian Stock Exchange.
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Jet2 Appoints Robin Terrell Nonexecutive Chairman, Replacing Philip Meeson
Jet2 said Tuesday that Robin Terrell has been appointed nonexecutive chairman and that Philip Meeson will step down from the role and move to the position of founder and adviser, effective immediately.
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7IM sells majority stake to Ontario Teachers' Pensions Plan -- Financial News
Multiple bidders were circling the UK wealth manager, according to a person familiar with the situation
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Michelmersh Brick Pretax Profit Rises on Strong Order Book, Backs Views
Michelmersh Brick Holdings said its pretax profit and revenue rose despite a challenging macroeconomic backdrop, underpinned by a strong opening order book, and that it is on track to meet full-year expectations.
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STV Group Swings to Pretax Loss, Hit by Costs
STV Group swung to a first-half pretax loss as performance was hit by a challenging advertising market and cost inflation, it said Tuesday.
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One Media iP Buys Rights to Gloria Gaynor, Drifters, Judy Garland Songs
One Media iP Group has bought the licensor's income share only of the "Entertain Me" catalog of rights, which includes songs by Gloria Gaynor, The Drifters, Judy Garland, and James Brown.
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Johnson Service First-Half Pretax Profit Surged; Plans GBP10 Mln Buyback
Johnson Service said its pretax profit more than doubled in the first half of the year, mainly on improved market conditions, and it plans to launch a buyback program of up to 10.0 million pounds ($12.6 million).
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Pebble Group Pretax Profit Rises, Expects 2023 in Line With Views
Pebble Group said pretax profit rose for the first half, boosted by revenue at its Facilisgroup business rising 24%, and that its results for the year will be in line with market expectations.
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7IM sells majority stake to Ontario Teachers' Pensions Plan -- Financial News
Multiple bidders were circling the UK wealth manager, according to a person familiar with the situation
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Headlam Profit Slips on Higher Costs, Sees Headwinds Into 2024
Headlam Group's first-half pretax profit slipped on increased costs amid macroeconomic and industry headwinds that are likely to persist into 2024, the company said Tuesday.
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Renold Raises FY 2024 Expectations After Revenue Rose Early in Year
Renold said revenue for the first four months of the new fiscal year increased 17% and raised its full-year expectations on the back of the positive momentum.
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Gamma Communications' Pretax Profit Rose on Revenue Growth Across Its Business
Gamma Communications said its pretax profit and revenue rose in the first half of the year on growth across units, and that it expects full-year earnings to meet the top-half of market views.
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Vianet Says Revenue Progressing Toward Prepandemic Levels
Vianet Group said that its current performance is in line with expectations and that it continues to make progress in returning to prepandemic revenue levels.
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Caledonia Investments to Sell Stake in Seven Investment Management for GBP255 Mln
Caledonia Investments said it has agreed terms to sell its majority stake in wealth-management business Seven Investment Management to Ontario Teachers' Pension Plan Board, for around 255 million pounds ($322 million), minus transaction expenses.
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EnQuest Pretax Profit Fell on Lower Prices, Production; Plans to Delist From Nasdaq Stockholm
EnQuest said pretax profit fell in the first half of the year amid weaker oil prices and lower production, and that it plans to delist shares from Nasdaq Stockholm.
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Shearwater Group Swung to Pretax Loss on Higher Costs, Lower Revenue; 1Q in Line With Views
Shearwater Group said it swung to a pretax loss for fiscal 2023 after booking higher costs and lower revenue, which was hurt by contract delays in the fourth quarter, and that its performance in the first quarter was in line with management's expectations.
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Evgen Pharma Chair Barry Clare Steps Down; Appoints New Interim Chair, Interim CFO
Evgen Pharma said that Barry Clare will retire as chairman and director and that Susan Foden will assume the role on an interim basis, while Toni Hanninen is appointed interim chief financial officer.
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Kinovo Renews Line of Credit, Resolving Going-Concern Material Uncertainty
Kinovo said it has completed the renewal of its line of credit, resolving the material uncertainty related to its going concern.
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Eurocell Shares Slip After Warning of New-Build Housing Slowdown, 1H Profit Drop
Eurocell shares fell after the group warned that full-year performance will miss its expectations amid a deteriorating market backdrop, with a particularly severe decline in new build housing.
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Tissue Regenix Pretax Loss Narrows as Revenue Benefits From BioRinse, DCELL Performance
Tissue Regenix Group said its first-half pretax loss narrowed as revenue increased on the strong performance of its BioRinse and dCELL businesses, and that it was favorably positioned for growth in the second half.
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Blackbird Shares Tumble After Pretax Loss Widened
Shares in Blackbird dropped 16% after the company's pretax loss widened in the first half of the year.
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Ashington Innovation Says Cell Therapy and Calon Acquisition Discussions Continue
Ashington Innovation said discussions regarding the acquisition of Cell Therapy and Calon Cardio-Technology are continuing and that it is continuing its formal due diligence process.
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ActiveOps Appoints Emma May Salthouse to Replace Ken Smith as CFO
ActiveOps has appointed Emma May Salthouse as chief financial officer effective Dec. 1, replacing Ken Smith, it said Tuesday.
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Brickability Says Start to Year Has Been Strong, Is Well-Placed to Navigate Uncertainty
Brickability said its performance in the first four months of fiscal 2024 has met its expectations, and while it expects a more difficult environment ahead, it is well-placed to navigate the current market backdrop.
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Restore Reappoints Charles Skinner as CEO
Restore said that it has appointed its former Chief Executive Officer Charles Skinner to the role with immediate effect.
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GetBusy's Pretax Loss Narrows, Revenue Rises, Expects Full Year in Line With Views
GetBusy said its pretax loss narrowed in the first half of the year, driven by strong revenue, and that it expects full-year performance in line with market views.
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Tribe Technology Shares Rise in Stock Market Debut
Shares of Tribe Technology rose as much as 11% on Tuesday as the company started trading on the London Stock Exchange's junior AIM, implying a market capitalization of 24.5 million pounds ($30.9 million).
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B&M European Value to Buy Up to 51 Wilko Stores
B&M European Value Retail said it has agreed to buy up to 51 properties from Wilko for a maximum consideration of 13 million pounds ($16.4 million).
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XPS Pensions Withdraws AGM Resolution on Directors' Pay
XPS Pensions Group is no longer asking for shareholder approval for its new directors' remuneration policy and is removing the resolution from the agenda of its upcoming annual general meeting.
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Ecora Resources Swung to Pretax Loss as It Shifts Revenue Streams
Ecora Resources said it swung to a pretax loss in the first half of the year due to lower royalty and metal-stream-related revenue.
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LendInvest Shares Drop After Issuing Profit Warning
LendInvest shares fell 13% after the company said performance in the first four months of fiscal 2024 has fallen short of its expectations, and that it now expects full-year pretax profit to be materially below market expectations.
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Velocys Shares Rise as UK Government Confirms Revenue Certainty Program
Velocys shares rose after it said the U.K. government's new commitment to introduce a revenue certainty program for sustainable aviation fuel, or SAF, will be highly beneficial to its Altalto Immingham project.
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Greencore Group Appoints Catherine Gubbins as CFO
Greencore Group has appointed Catherine Gubbins as chief financial officer, replacing Jonathan Solesbury from early next year.
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TPXImpact Backs Outlook After In-Line 1Q; Shares Rise
TPXImpact Holdings shares rose after the group backed its fiscal 2024 targets due to first-quarter performance coming in line with board's expectations.
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Oneiro Energy Appoints Andrew Yeo as Nonexecutive Chairman, Share Trading Resumes
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09-05-23 1030ET
