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FDM pleased with 'resilient' performance in 2020
FDM Group reported a “resilient performance” in its preliminary results for 2020 on Wednesday, in the face of the challenges of the Covid-19 pandemic, as its revenue slipped 1% to £267. 7m.
Foxtons reports strong trading as Londoners move out
Foxtons said it made a good start to 2021 helped by a busy London property market as the estate agent chain reported a narrower annual loss.
IP Group recommends maiden dividend following record returns
Intellectual property-based businesses developer IP Group said on Wednesday that it had achieved record returns in 2020, giving the company the confidence to recommend a maiden dividend of 1. 0p per share.
Great Portland agrees lease on Hanover Square restaurant space
Great Portland Estates announced on Wednesday that its GHS Limited Partnership joint venture has let the 9,350 square foot restaurant in the Grade II*-listed 20 Hanover Square, W1, to Colonial Property, for a New England-inspired concept across three floors of dining and social gathering.
Quilter swings to profit as it completes transformation programme
Quilter reported full-year results ahead of market expectations on Wednesday, with adjusted profit before tax on a continuing management basis falling to £168m from £182m.
Wagamama owner Restaurant Group to raise £175m as losses widen
Wagamama owner The Restaurant Group said it aimed to raise £175m as it looked to bolster its balance sheet as it reported wider losses due to coronavirus lockdowns.
Balfour Beatty ups buyback after profit drop
Balfour Beatty increased the size of its share buyback as the construction group reported a sharp drop in annual profit.
Record sector demand drives earnings growth at Tritax Big Box
Record demand for logistics space saw earnings per share at Tritax Big Box improve by 8% to 7. 17p in 2020, it announced on Wednesday.
Spirax-Sarco FY profit beats views after better-than-expected Q4
Spirax-Sarco Engineering reported a better-than-expected full-year profit on Wednesday, while revenues were in line after a stronger-than-anticipated fourth quarter.
Just Eat to maintain investment after sales surge
Just Eat Takeaway. com said it would keep up its investment drive as the food delivery company reported surging sales and a wider annual loss.
London pre-open: Stocks to fall as investors mull China inflation data
London stocks were set to fall at the open on Wednesday amid lingering concerns about inflation, as investors digest the latest reading out of China.
Operating profits flat at Legal & General, Tritax Big Box earnings per share rise
London open The FTSE 100 is expected to open 44 points lower on Wednesday, having closed up 0. 17% on Tuesday at 6,730. 34.
Wednesday newspaper round-up: Air passenger duty, Evans Cycles, M&S
Air passenger duty is set to be cut on domestic flights after the prime minister signalled his support for reform to bolster air links around the UK. Lower rates for UK internal flights or an exemption for return legs will be considered. The news will come as some relief to the beleaguered aviation industry, whose complaints about the level of duty predate the Covid-19 crisis, but environmental groups said the move was “nonsensical” and “beggared belief” in the face of climate change.