Company News
Wednesday preview: Federal Reserve, Lloyds in the spotlight
All eyes on Wednesday would be on the U. S. Federal Reserve and whether or not it signaled that interest rates hikes would stop after this policy meeting.
Biogen to axe 1,000 jobs as part of cost-cutting strategy
US biopharmaceutical firm Biogen announced that it would trim its workforce by 1,000 jobs on Tuesday, as part of a cost reduction strategy.
Director dealings: Centrica board member invests, Spirent CFO uses purchase plan
Centrica found itself on the list of buys on a relatively quiet Tuesday for director deals, after one of its non-executive directors picked up almost 1,500 shares.
Amazon cuts price for iRobot to $51.75 a share
Amazon said on Tuesday that it will now pay less for Roomba vacuum maker iRobot after it entered into a $200m financing facility.
IMF lifts global growth forecasts; Sees softer landing for major economies
The global economy is heading for a softer landing than first feared after the International Monetary Fund on Tuesday upgraded its growth forecast for the year.
Tyman sees FY results at top end despite profit fall
Windows and doors components maker Tyman on Tuesday said it expected full-year adjusted operating profit at top end of market expectations despite a fall in interim profits driven by a “significant” reduction in volumes.
Brighton Pier Group tumbles after profit warning
Brighton Pier Group tumbled as it warned on profits after a "more difficult" second quarter, citing the cost-of-living crisis.
Unilever H1 profits up 3.3%, sees price growth moderating
Consumer goods giant Unilever delivered a 3. 3% rise in interim earnings driven by higher prices and said it expected underlying price growth to moderate through the year.
3M lifts annual guidance despite quarterly loss
US industrial conglomerate 3M lifted annual profit guidance as higher prices and cost-cutting measures provided a boost.
General Motors lifts guidance after strong Q2
US vehicle maker General Motors said it was raising annual guidance for a second time this year after a sharp rise in second quarter earnings.
Virgin Media O2 to axe 2,000 jobs
Virgin Media O2 is to slash up to 2,000 jobs by the end of the year, the telecoms giant said on Tuesday.
WANdisco returns to market after delayed results, $30m fundraise
Shares in data specialist WANdisco were tumbling on Tuesday, as it returned to trading after the publication of its delayed results, and the completion of a $30m fundraise.
Ergomed trading in line after solid first half
Pharmaceutical service specialist Ergomed descried a robust first-half performance in an update on Tuesday, as well as a positive outlook for the future.
Greatland makes solid progress on exploration, development
Mining exploration company Greatland Gold reported substantial development at the Scallywag and Paterson South projects on Tuesday, as well as advancements on the Havieron decline development.
Smart Metering Systems reports strong growth in key areas
Energy infrastructure company Smart Metering Systems reported strong growth in key areas in a first-half trading update on Tuesday.
Greencore hails ‘solid’ Q3, on track for full year
Sandwich maker Greencore said on Tuesday that it was on track to deliver full-year results in line with current market expectations as it hailed a "solid" financial performance in the third quarter.
Ceres Power warns on revenue as China delays continue
Fuel cell and electrochemical technology developer Ceres Power said in an update on Tuesday that it expected revenue for the first half to reach £11m, rising from £9. 7m in the same period in 2022, although it warned on revenue for the rest of the year as delays to its China plans dragged on.
ITM Power postpones full-year results, reiterates guidance
ITM Power postponed the release of its full-year audited results at the request of its auditor.
Paragon Banking reports 'robust' nine month new business flows
Paragon Banking Group described its performance for the first nine months of its financial year as "strong", on the back of "robust" new business flows, and reiterated its guidance.
Alpha Group ends challenging first half with record month
Corporate and institutional-focussed financial services provider Alpha Group International reported a decent financial performance and continued growth in a trading update on Tuesday, despite a challenging economic environment.