Archive

Chinese GPU firm MetaX surges nearly 700pc on debut

Wed 17 December 2025 14:37

(Sharecast News) - MetaX Integrated Circuits surged nearly 700% in its Shanghai trading debut on Wednesday, marking one of the most explosive first-day performances for a major Chinese initial public offering in recent years and underscoring investor enth

Paddy Power, Betfair ordered to pay £2m by gambling watchdog

Wed 17 December 2025 12:51

(Sharecast News) - Paddy Power and Betfair have agreed to pay £2m after an investigation by the Gambling Commission revealed social responsibility failures, it was confirmed on Wednesday.

General Mills sees Q2 profits sink after 'remarkability' drive

Wed 17 December 2025 12:46

(Sharecast News) - Second-quarter profits at General Mills slumped by a third as the American foods manufacturer ramped up investments to appeal to more consumers, though the company still reaffirmed its outlook for the full year.

Ford ends LG battery deal as part of pivot away from EVs

Wed 17 December 2025 12:19

(Sharecast News) - South Korea's LG Energy Solution said on Wednesday that it has terminated an electric vehicle (EV) battery-supply deal with Ford Motor worth about 9.6 trillion won ($6.5bn).

Permira working on Interpath bid with ex-PA CEO - reports

Wed 17 December 2025 11:10

(Sharecast News) - Permira is working with Alan Middleton, the former chief executive of PA Consulting Group, as it prepared a potential bid for Interpath Advisory, the UK restructuring firm formerly owned by KPMG, it emerged on Wednesday.

Diageo to sell East African Breweries stake for $2.3bn

Wed 17 December 2025 11:09

(Sharecast News) - Diageo is to sell its stake in East African Breweries Limited to Japan's Asahi Group Holdings in a deal worth $2.3bn, the drinks giant confirmed on Wednesday.

EWI urges shareholders to vote against activist Saba's resolutions

Wed 17 December 2025 09:41

(Sharecast News) - Edinburgh Worldwide Investment Trust has urged shareholders to once again reject the demands of "aggressive" Saba Capital Management after it called for the removal of all six independent non-executive directors and the appointment of t

Amazon reportedly eyeing up $10bn investment in OpenAI

Wed 17 December 2025 09:38

(Sharecast News) - Amazon is reportedly in conversations to plough more than $10bn into ChatGPT maker OpenAI as part of a deal that includes Amazon supplying AI chips and data centre capacity.

Greencore agrees with CMA to sell Bakkavor sauce and soup business

Wed 17 December 2025 09:05

(Sharecast News) - Greencore Group has agreed to legally binding undertakings with the UK Competition and Markets Authority to secure clearance for its proposed acquisition of Bakkavor Group, avoiding a full phase two merger investigation.

Victoria shares tank on cautious outlook as debt tops £1bn

Wed 17 December 2025 08:39

(Sharecast News) - Shares in Victoria plunged on Wednesday after the flooring distributor delivered a "cautious" outlook about ongoing subdued market conditions, while debt swelled to over £1bn.