Company News
3i Group performs well thanks to value and infrastructure assets
Investment company 3i Group reported a total return of £4. 59bn in its full-year results on Thursday, representing a 36% increase on opening shareholders' funds compared to the prior year's figure of £4. 01bn, which itself saw a higher growth rate of 44%.
Grainger reports jump in rental income
Grainger posted a jump in rental income on Thursday, driven by strong demand for rented homes.
Strike not planning to bid for Purplebricks, shares crash
Estate agent Purplebricks tumbled again on Thursday after rival Strike said it was not planning to make an offer for the company but remains in talks about a potential purchase of the business and assets.
Currency movements hit Airtel Africa profits
Airtel Africa reported revenue growth of 11. 5% in its full-year results on Thursday, to $5. 26bn in reported currency.
Europe open: Shares open higher as BoE rate move in focus
European shares opened higher on Thursday as investors awaited the Bank of England's policy rate decision due later in the day and US President Joe Biden's warning of recession if the nation’s $31. 4 trln debt ceiling impasse was not resolved.
Spire Healthcare hails continued 'good momentum'
Spire Healthcare said on Thursday that it was pleased with its performance in the first four months of the year.
Man Group CEO Eliis to retire; Robyn Grew named as successor
Asset manager Man Group said chief executive Luke Ellis would retire in September, to be succeeded by Robyn Grew.
JD Sports appoints Dominic Platt as CFO
JD Sports Fashion said on Thursday that it has appointed Dominic Platt as chief financial officer and as a member of the board.
Rolls-Royce says engine flying hours increase; Holds guidance
UK aerospace engineer Rolls-Royce held annual guidance and said large engine flying hours had hit 83% of 2019 levels in the four months to April 30.
Wood Group holds guidance as Q1 revenues grow
Oil and gas engineer Wood Group, currently in talks on a potential $1. 6bn takeover by private equity group Apollo, held annual guidance as first quarter revenues increased.