Company News
Thursday preview: ECB, Shell in the spotlight
All eyes on Thursday would be on the European Central Bank as policymakers in Frankfurt met to decide on rates.
RS Group CFO quits after relationship with colleague
RS Group chief financial officer David Egan is leaving the business with immediate effect after admitting a relationship with a colleague that fell "short of the high standards expected" of the company.
Pearson not as exposed to AI as some of its rivals, says JPM
JP Morgan kept its 'overweight' rating on Pearson on Wednesday, arguing that the educational publisher is not as exposed to the potential threat of artificial intelligence as some of its rivals.
Lloyds Q1 46% profit jump beats expectations
Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.
Accsys Technologies ends year in strong position
Wood products company Accsys updated the market on its end-of-year guidance and key strategic projects for the 12 months ended 31 March on Wednesday.
UniCredit boosts full-year guidance on bumper first quarter
Italian lender UniCredit raised its full-year forecasts on Wednesday, after first-quarter results came in well ahead of expectations.
Prospex Energy making progress at Helios solar project
Prospex Energy announced on Wednesday that its photovoltaic hybridisation solar project at the El Romeral power plant, known as ‘Project Helios’, was progressing well, ahead of its final investment decision.
SRT Marine delivers first phase of maritime surveillance project
SRT Marine Systems has completed the first phase of a national coast guard maritime surveillance system contract, it announced on Wednesday.
Braveheart upbeat on developments at portfolio firms
Braveheart Investment Group updated the market on two companies within its investment portfolio on Wednesday, being Paraytec and Kirkstall.
Hotel Chocolat appoints new chair, finance chief
Specialist confectioner Hotel Chocolat announced the appointment of Stephen Alexander as its non-executive chair on Wednesday, effective from 5 May.
Andrews Sykes hikes dividend after solid 2022 performance
Andrews Sykes Group reported revenue of £83. 01m in its preliminary results for 2022 on Wednesday, up from £75. 22m in 2021.
Strong demand sees sales power ahead at Porsche
Germany’s Porsche said on Wednesday that it had got off to a strong start as an independent company, after a jump in quarterly sales and profits.
Metro Bank hails second quarter of profitability, deposits fall
Metro Bank said on Wednesday that it delivered a second quarter of underlying profitability in the first quarter, although deposits declined.
Superdry raises £12m to finance strategic restructuring
Superdry shares were under pressure on Wednesday after the company went cap in hand to investors to raise fresh funds to finance its turnaround.
Lords Group describes 'record-breaking' full-year performance
Building materials distributor Lords Group reported a record-breaking performance in its final results on Wednesday, with group revenues up 23. 9% year-on-year at £450m.
Intertek unveils new segmental growth strategy
Quality assurance and testing specialist Intertek took the wraps off its new ‘Intertek 30 AAA’ growth strategy on Wednesday, aiming to unlock significant value growth opportunities.
Barratt Developments confident as net reservations fall
Housebuilder Barratt Developments reported a decrease in net private reservations in an update on Wednesday, measured per active outlet per average week, to 0. 65 compared to 0. 93 for the same period last year.
Revenue rises 22pc in Coca-Cola HBC's first quarter
Beverage bottler Coca-Cola HBC reported “consistent execution” of its ‘24/7’ strategy in an update on Wednesday, resulting in first quarter organic revenue growth of 22. 2%, excluding Russia and Ukraine.
City watchdog to overhaul UK listing rules
The City watchdog is to overhaul UK listing rules to help encourage more companies to list on the London Stock Exchange, it was announced on Wednesday.
Serabi confident after year of lower production
Brazil-focussed miner and developer Serabi Gold reported full-year 2022 revenue of $58. 7m, down from $63. 1m in 2021 due to lower production.