Company News
Flutter says gambling reforms could cost it up to £100m a year
Paddy Power owner Flutter Entertainment said on Thursday that the gambling reforms proposed by the government earlier could cost the company up to £100m a year from 2024.
Vodafone appoints Margherita Della Valle as CEO
Vodafone said on Thursday that it has appointed chief financial officer and interim chief executive Margherita Della Valle as its new CEO.
Indivior lifts revenue guidance, cuts profit outlook after Opiant deal
Opioid addiction treatment maker Indivior lifted its full-year revenue guidance on Thursday but trimmed its outlook for operating profit due to costs related to the acquisition of Opiant Pharmaceuticals, as it posted a jump in first-quarter profit and revenue.
Friday preview: US inflation data, NatWest Group in focus
All eyes at the end of the week would be on the evolving inflation picture in the US which might put to rest any doubts regarding whether rate-setters would go ahead with another interest rate hike during the following week.
Barclays holds guidance as Q1 profit jumps 16%; Shares gain
Barclays said it was on track to meet full-year guidance as it posted a 16% jump in pre-tax profits driven by growth across all its businesses.
HSS Hire posts jump in full-year profits
Tool and equipment hire company HSS Hire reported a jump in full-year profit on Thursday thanks to double digit like-for-like revenue growth and "effective price and cost management".
Jefferies rallies as Sumitomo plans to lift stake to 15%
Jefferies rallied on Thursday after Sumitomo Financial Group said it plans to raise its stake in the bank to 15% from 4. 5% as they expand their strategic alliance.
Engage XR reports strong first quarter performance
Engage XR reported strong revenue growth in its first quarter on Thursday, of around 40% year-on-year, driven by the successful launch of its corporate metaverse platform Engage Link in November.
Byotrol re-shuffles board after end of financial year
Specialist infection prevention technology company Byotrol said in an update on Thursday that it expected its results for the financial year just ended to be in line with market expectations, subject to audit.
UK govt finally publishes gambling review
The UK government’s long-awaited and much-delayed gambling review was finally published on Thursday as it sought to replace outdated legislation drawn up before the proliferation of betting apps on mobile phones.
Eli Lilly hikes guidance despite first-quarter earnings miss
American pharmaceuticals maker Eli Lilly reported continued core business growth and pipeline momentum in its first-quarter numbers on Thursday, despite missing Wall Street expectations on its earnings.
Merck beats on Q1 earnings amid 'strong underlying performance'
Global pharmaceuticals firm Merck said in its first-quarter earnings on Thursday that, despite a 9% decrease in total worldwide sales year-on-year to $14. 49bn, it saw a “strong underlying performance” across key growth drivers, particularly in oncology and vaccines.
Train drivers to strike again after 'risible' pay offer
Train drivers’ union Aslef rejected a pay offer from 16 train operators on Thursday, announcing several more days of strike action in May and June.
Greatland Gold reports positive progress at Havieron
Gold and copper explorer and developer Greatland Gold released a positive exploration and development update for its flagship Havieron gold-copper project in the Paterson region of Western Australia on Thursday - a joint venture with Newcrest Mining, which holds a 70% stake.
Volex wins 'major' new contract with US carmaker
Power and data transmission products manufacturer Volex announced a major new contract win on Thursday, with an unnamed “leading global North America-based” automotive manufacturer.
Avacta doses first patient in US tumour treatment trial
Oncology and diagnostics developer Avacta announced the dosing of the first patient in the United States under its investigational new drug (IND) application on Thursday - a milestone for its first therapeutic product ‘AVA6000’, based on its proprietary ‘preCISION’ technology.
Mattioli Woods takes majority stake in White Mortgages
Wealth and asset management specialist Mattioli Woods announced the acquisition of 50. 1% of White Mortgages on Thursday, for consideration of £0. 43m.
Naked Wines lifts FY profit outlook again
Naked Wines said on Thursday full-year underlying profit was set to be at the top end or slightly above its guidance range.
Molten Ventures sees gross portfolio value contract
Venture capital firm Molten Ventures said on Thursday that both its gross portfolio and net asset values had fallen in the twelve months ended 31 March but said its portfolio companies continued to maintain "strong revenue growth momentum".
Flutter Entertainment appoints John Bryant as chair
Gambling group Flutter Entertainment, which owns Paddy Power and Betfair, has appointed John Bryant as a non-executive director and chair designate.