Company News
Altice ups stake in BT to 24.5%
Altice said on Tuesday that it has upped its stake in British telecommunications firm BT Group to 24. 5% but insisted it does not plan to make a takeover offer.
Topps Tiles hails record revenues but profits fall
Tile specialist Topps Tiles hailed a record first-half sales performance on Tuesday, but profits fell.
Assura swings to full-year loss
Primary care property investor and developer Assura said on Tuesday that it swung to a full-year loss as its property valuation fell.
Ofwat launches probe into Pennon over leakage data
Ofwat said on Tuesday that it has launched an investigation into South West Water’s leakage data, weighing on owner Pennon Group’s shares.
Drax backs FY expectations, plans two new sites in US
Drax backed its full-year profit expectations on Tuesday as it announced plans for two new biomass-fuelled power stations in the US.
RS Group warns of slowdown after year of solid growth
Industrial products company RS Group reported a 17% rise in revenue in its final results on Tuesday, to reach £2. 98bn, though it warned of a slowdown in trading in the first weeks of the new fiscal period.
UK grocery inflation nudges lower to 17.2%
Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.
Meat producer Cranswick lifts dividend as FY profits rise
Meat producer Cranswick reported a rise in full-year profit and revenue on Tuesday as it announced a new supply agreement with retailer Pets at Home.
Tullow Oil Kenya Lokichar Basin partners pull out
Total Energies and Africa Oil have pulled out of a Kenyan project, leaving operator Tullow Oil as the sole owner, the latter said on Tuesday.
ITV invests £3m in pet wellness company
ITV on Tuesday said it had invested £3m in pet health and wellness company Pitpatpet.
Barratt asks John Allan to step down early as chair
House builder Barratt Developments said it had asked chairman John Allan to step down from his role as chairman earlier than planned, to stop allegations of impropriety towards women becoming a distraction to the company.
Indivior's opioid addiction sprat approved by FDA
US health regulators have approved Indivior’s Opvee nasal spray treatment for opiod addiction, the company said on Tuesday.
SSP sees full-year core profit, sales at upper end of expectations
Upper Crust and Ritazza owner SSP said on Tuesday that FY 2023 sales and core profit are set to be at the upper end of its expectations, as it hailed a strong first half performance, particularly in North America.
Hilton Food says trading in line as sales rise
Hilton Food said trading has been in line with board's expectations, with sales ahead of the prior year.