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A cooperative research project has been agreed upon between Graft Polymer’s partner and Nottingham University
October 15, 2024 08:18 AM BST| By Team Kalkine MediaHighlights:,Graft Polymer (UK) PLC announces a research agreement between its partner, Awakn Life Sciences, and the University of Nottingham to study a new chemical compound aimed at improving social cognition and pro-social behaviors.,The research,...
InPost Nears Full Acquisition of Menzies Distribution Group
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Full Ownership Acquisition:,InPost is set to acquire the remaining 70% of Menzies Distribution Group.,Strategic Expansion:,This deal reflects InPost’s strategy to expand its last-mile logistics capabilities in the UK and Europe.,Rising Va...
Elixirr International Secures £45m Credit Facility from NatWest to Fuel Growth Strategy
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Strategic Funding:,£45m revolving credit facility from NatWest supports both organic growth and acquisitions.,Flexible Terms:,Facility available in sterling and dollars with flexible interest rates based on leverage.,Equity Protection:,Cr...
Wizz Air Placed on 'Negative Catalyst Watch' by Citi Amid FY25 Earnings Concerns
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Earnings Forecast Downgrade,: Citi revised its FY25 net income forecast for Wizz Air to €258 million, down from its previous estimate of €345 million.,Lower Growth Expectations,: Capacity growth for FY26 has been adjusted down to 19%, bas...
International Paper Shareholders Approve £5.8bn Takeover of DS Smith
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights:,Shareholder Approval:,Both International Paper and DS Smith shareholders have approved the £5.8 billion takeover.,Global Packaging Leader:,The merger will create a leading global provider of sustainable packaging solutions.,Next Steps:,Re...
Rolls-Royce Faces Setback as British Airways Cites Engine Issues for Flight Cancellations
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Engine Supply Chain Disruption,: British Airways cancels long-haul flights due to delayed deliveries of Rolls-Royce Trent 1000 engines and parts.,Rolls-Royce Acknowledges Global Issue,: Rolls-Royce cites broader aerospace industry supply...
Good Energy's Zapmap Partners with Hive for EV Charging Initiative
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Strategic EV Partnership,: Good Energy’s subsidiary, Zapmap, partners with Hive to offer new EV customers £20 in charging credits starting in 2025.,Smart Charging Integration,: Hive’s SmartCharge feature will integrate with Zapmap, helpin...
TI Fluid Systems Considers Takeover Bid from ABC Technologies Following Series of Rejected Offers
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Recommended Bid,: TI Fluid Systems' board is inclined to recommend ABC Technologies' 200p per share offer after rejecting four lower bids.,Extended Deadline,: ABC has been granted an extension to finalize the takeover bid, with the new de...
Coral Products Forecasts FY2025 Loss Amid Declining Orders and Tough Market Conditions
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Challenging Market Environment:,Coral cites the slowdown in UK housebuilding and reduced consumer spending as key reasons for lower orders and declining revenues.,New Contracts, Lower Margins:,Coral has secured new contracts following a £...
Boeing to Cut 17,000 Jobs Amid Mounting Production Issues and Strike Costs
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Job Cuts:,Boeing will cut 10% of its workforce, or 17,000 jobs, as part of a major restructuring plan.,Strike Impact:,Ongoing strikes by 33,000 workers have caused $3.7 billion in losses and halted production at Boeing's key Washington fa...
DP World Confirms Attendance at UK Investment Summit Despite Ministerial Criticism
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Ministerial Criticism:,DP World faced sharp criticism from UK ministers over P&O Ferries’ mass firings in 2022, raising speculation about its summit attendance.,Summit and Investment:,Despite initial reports, DP World will attend the summ...
Gloomy Recruitment Climate Impacting PageGroup in September
October 14, 2024 08:55 AM BST| By Team Kalkine MediaHighlights:,PageGroup PLC reports a 13.5% decline in gross profit for the third quarter, totaling £201.4 million, reflecting subdued hiring activity and employer confidence.,Permanent recruitment experienced the largest decline at 15.3%, while tempor...
easyJet Secures New Chief Financial Officer from Private Rail Sector
October 14, 2024 08:50 AM BST| By Team Kalkine MediaHighlights:,easyJet plc appoints Jan De Raeymaeker as the new Chief Financial Officer, succeeding Kenton Jarvis, who will transition to the Chief Executive role in January 2025.,De Raeymaeker brings extensive experience from the airline and transport...
SIG's €300m Financial Revamp Process Commences
October 14, 2024 08:03 AM BST| By Team Kalkine MediaHighlights:,SIG PLC initiates a debt buyback of €300 million of its current debt, maturing in 2026, at face value.,The company plans to issue new €300 million bonds maturing in 2029 to finance the buyback and support general business needs.,SIG has e...
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DP World Cancels £1 Billion UK Investment After Criticism Over P&O Worker Treatment
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,DP World Cancels £1 Billion Investment,: The owner of P&O Ferries dropped its London Gateway expansion after facing strong government criticism.,Ministers Condemn P&O's Worker Treatment,: Senior ministers Angela Rayner and Louise Haigh sl...
Guinea's Alumina Export Ban Sparks Surge in Aluminium Prices
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Guinea Halts Exports,: A sudden halt in Guinea’s bauxite exports spiked alumina and aluminium prices globally, impacting major producers and refineries.,Western Supply Chain Disruptions,: Alcoa and Rio Tinto face significant production ch...
CT Automotive Secures $20M Working Capital Facility to Support Growth in Mexico
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,$20M Working Capital Facility,: CT Automotive secured a $20 million facility from FGI Worldwide to extend debt agreements to 2027 and support growth.,Mexico Expansion,: The new facility will primarily fund the company’s manufacturing grow...
Volkswagen Group Sees Sharp Decline in Global Sales Amid Intense Competition in China
October 11, 2024 01:01 PM BST| By Team Kalkine MediaHighlights:,Global Sales Decline,: Volkswagen Group’s total vehicle deliveries fell 7.1% in Q3, with significant declines in major brands such as Audi and Porsche.,Challenges in China,: Intense competition in China has been a primary factor behind th...
Recruiter Hays Faces Ongoing Difficulties Amidst Hiring Slowdown
October 11, 2024 08:00 AM BST| By Team Kalkine MediaHighlights:,Hays PLC reports a 15% year-on-year decline in net fees during the first quarter, reflecting ongoing challenges in corporate recruitment.,Temporary placements decreased by 11%, while permanent placements saw a more significant drop of 21%...
FTSE 100 Live: Projections Indicate Further Stock Decreases as UK Economy Grows
October 11, 2024 07:41 AM BST| By Team Kalkine MediaHighlights:,The UK economy recorded a 0.2% growth in GDP for August, following two months of stagnation.,Service, production, and construction sectors contributed to the growth, with respective increases of 0.1%, 0.5%, and 0.4%.,Despite the positive...
