Company News
Ferrexpo 'not aware' of any links to corruption allegations
Ferrexpo issued an update on Wednesday afternoon, in response to press reports over alleged corruption involving the head or judges of the Supreme Court of Ukraine.
Thursday preview: Philly Fed index, Easyjet in the spotlight
The market spotlight will continue to focus on the US come Thursday.
Kinovo flags robust full-year performance
Compliance and sustainability-focussed property service provider Kinovo described a robust financial performance for the year just ended on Wednesday, as well as significant progress in its strategic growth objectives.
JD Sports says profits to pass £1bn this year; Shares fall
JD Sports Fashion said it expected annual profit to pass £1bn after a record result in the year to January 28 as buyers snapped up trainers in the shift towards leisurewear.
EKF Diagnostics trading well as it progresses fermentation investment
EKF Diagnostics reported first-quarter trading that met expectations in an update on Wednesday, following the strong growth of its point-of-care and life sciences businesses in 2022.
Director dealings: HSBC execs spend almost £0.5m, UKCP REIT director invests
HSBC was at the top of the list of director buys on Wednesday, after two of its executives purchased shares under its 2011 share plan.
Newmark Security confirms return to profitability
Electronic, software and physical security systems provider Newmark Security confirmed a return to profitability in the financial year just ended on Wednesday.
Margin expansion and interest rates boost MTI Wireless Edge
MTI Wireless Edge reported revenue of $11. 3m in the March quarter on Wednesday, representing a 1% year-on-year increase.
DSW Capital ends tough year in line with expectations
Professional service company DSW Capital said in an update on Wednesday that it expected revenue and adjusted pre-tax profit for the financial year just ended to align with current market expectations.
Gamma upbeat on positive start to year
Gamma Communications reported positive growth momentum across all three of its operating segments in a trading update on Wednesday, reiterating its guidance for the rest of the year.
IHG appoints Greater China boss Bulley as Americas CEO
InterContinental Hotels said on Wednesday that Jolyon Bulley will succeed Elie Maalouf as chief executive officer of the Americas.
Coats shares fall as revenue declines 7%
Shares in Coats fell on Wednesday as the industrial thread and global footwear component maker held annual guidance, with results expected to be weighted to the second half.
Melrose Industries upgrades expectations for 2025
Melrose Industries shot higher on Wednesday after saying that new guidance for 2025 adjusted operating margin "materially" exceeds previous expectations.
Three energy firms pay out £8m in customer compensation
Three energy firms have paid out a combined £8m for failing to pay customer compensation on time, the regulator confirmed on Wednesday.
Target tops first-quarter forecasts but warns of Q2 weakness
Discount department store giant Target Corporation reported positive first-quarter sales growth on Wednesday despite a challenging business environment, although it warned of a likely weaker second quarter.
Asos shoots higher as Frasers Group ups stake
Asos shares shot higher on Wednesday after Mike Ashley’s Frasers Group lifted its voting rights to 7. 4% from 5. 1%.
Capita hit by fresh data breach
Outsourcing giant Capita has been accused by a client of "unsafe" data storage following an information breach.
Online estate agent Strike to buy rival Purplebricks for £1
Beleaguered online estate agent Purplebricks said on Wednesday that it has agreed to be bought by rival Strike for just £1.
Energy sector drives first-half growth at Hardide
Surface coating technology specialist Hardide reported revenue of £2. 9m in its first half on Wednesday, representing a 9% increase over the first half of last year.
UBS expects $17bn hit from Credit Suisse purchase
UBS has revealed that the cost of taking over scandal-ridden rival Credit Suisse will result in a financial hit of around $17bn.