Shares in microwave technology firm Filtronics soared as much as 52 per cent on Wednesday morning after it unveiled a new long-term deal with Spacex’s Starlink platform that could make …
Investing
Gold supports Hochschild Mining production outlook as dividend uncertainty continues
A strong gold output to start 2024 has boosted Hochschild Mining’s full-year production forecasts, as its investors hope for a dividend return this year. The London-listed precious-metals miner said today …
Lloyd’s insurance vehicle Inigo surpasses £885m in gross written premium
The specialist insurer Inigo has surpassed $1bn (£800m) in gross written premium as well as reporting skyrocketing results for its profit before tax. Inigo, which was founded in 2020, has …
PZ Cussons: Shares jump after company announces restructuring
Shares in PZ Cussons rose over five per cent in early trade after it announced plans to offload its fake tan brand St Tropez and review its operations in Africa. …
Horses on loose in central London and City as police and Army scramble to catch them
Dramatic social media footage has shown the terrifying moment horses ran through the streets of the capital this morning, with one soaked in blood. The City of London Police said …
Muji owed up to £85m ahead of being rescued out of administration
The European arm of Japanese retailer Muji collapsed into administration owing up to £85m before a rescue deal was agreed, it has been revealed. Muji announced its intention to enter …
KPMG hires ex-prisoners as part of Gov strategy to tackle £18bn reoffending cost
One of the Big Four firms, KPMG, has become the first white-collar British business to employ former prisoners as part of the government’s new pilot programme. The Big Four firm …
Angle agrees deal with Astrazeneca for tech to kill cancer cells
Biopsy company Angle has signed a supplier agreement with Astrazenaca to develop technology able to detect, target and kill cancer cells. The targeted approach is more good news for cancer …
Serica Energy chief: ‘High commodity price windfall long gone’
The incoming head of North Sea gas producer Serica Energy has said the halcyon days of high-price windfalls are behind the oil and gas sector. David Latin, who will take …
Abrdn records rebound in flows as boss says cost-cutting is ‘on track’
Money manager Abrdn said its cost-cutting programme was “on track” today as its total funds under management ticked up in the first three months of the year and the flow …