Company News
BAE Systems trading in line so far this year
BAE Systems said on Thursday that trading so far this year has been in line with expectations, with "continued good operational performance".
Mothercare in refinancing talks, shares tumble
Mothercare shares tumbled on Thursday after the parent and child retailer said it was in refinancing talks with its lender as it might require waivers to future periods’ covenant tests.
Hargreaves Lansdown reports strong third quarter
Hargreaves Lansdown described a successful third quarter in a trading update on Thursday, with net new business up 14% year-on-year to reach £1. 6bn.
Alphawave IP Group finance chief announces he will step down
Alphawave IP Group shares slumped sharply after its finance director announced his intention to step down.
Rathbones Group funds under management and administration tick up
Rathbones Group posted an uptick in first-quarter funds under management and administration on Thursday, reflecting positive market and investment performance.
Virgin Money shares slump as H1 profits fall on higher debt provision
Shares in Virgin Money slumped on Thursday as the challenger bank posted lower first-half profits due to an increase in impairment charges for bad debts and higher investment costs.
Next posts smaller-than-expected drop in Q1 sales, backs FY guidance
Retailer Next backed its full-year guidance on Thursday as it posted a smaller-than-expected drop in first-quarter sales.
Hiscox bullish after first-quarter premiums jump
Specialist insurer Hiscox sounded a bullish note on Thursday, after seeing a jump in written premiums during the first quarter.
Spirent Communications continues to see customer order delays in Q1
Spirent Communications said on Thursday that it continued to see customer order delays in the first quarter, as expected, as it posted a drop in revenues.
Morgan Sindall sees FY in line as inflation falls 'in some areas'
Construction group Morgan Sindall held annual guidance as it said general market conditions coming into 2023 had continued to ease, with inflation falling "in certain areas".
Grafton backs FY operating profit guidance, plans £50m share buyback
Building materials distributor and DIY retailer Grafton announced plans for a third share buyback programme of up to £50m on Thursday as it maintained its full-year operating profit guidance and said first-quarter trading was in line with expectations.
GPE buys two properties for £53m
Great Portland Estates said it had bought two properties in London for a combined £53m.
Derwent London sees vacancy rates fall as shoppers, workers return
London property developer Derwent reported a fall in vacancy rates during the first quarter as workers and shoppers returned to the capital after Covid-pandemic lockdowns.
Domino's posts record Q1 sales and orders, announces £20m share buyback
Domino’s Pizza announced a £20m share buyback on Thursday as it reported record first-quarter sales and orders.
SIG holds guidance as LFL sales rise 1%
Specialist insulation and building products supplier SIG held annual guidance as like-for-like sales rose 1% in the first four months of the year.
Mondi reports 'stable' Q1 amid softer demand
Packaging and paper group Mondi said on Thursday that its performance in the first quarter was "stable" amid softer demand.
WANdisco to axe 30% of staff as fraud fallout continues
Troubled tech firm WANdisco is to fire around a third of its workforce as it deals with the aftermath of an accounting scandal.
IMI lifts full-year EPS guidance after strong Q1
IMI lifted its full-year earnings per share guidance on Thursday following a "strong" performance in the first quarter.
SSP expands North America presence with MCE buy
Travel outlet food operator SSP Group said it was expanding its North America operations through the acquisition of the concessions business of Midfield Concession Enterprise for an undisclosed sum.
Liontrust to buy Swiss asset manager GAM in £96m deal
Liontrust on Thursday said it had agreed to buy GAM Holding in a recommended deal valuing the Swiss asset manager at 107m Swiss francs (£96m) .