Company News
Director dealings: EasyJet non-exec invests, AO World CFO sells incentive shares
EasyJet was on the list of director buys on Thursday, after it disclosed a purchase made by a non-executive director for more than 5,000 shares.
Europe to probe Microsoft's bundling of Teams with Office 365
The European Commission opened a formal investigation into Microsoft on Thursday, to assess whether the tech giant had violated EU competition rules.
Schroders AuM falls, Jupiter posts rise & pays special dividend
UK asset manager Schroders on Thursday said first-half assets under management fell due to market volatility, but rival Jupiter posted a rise in assets.
Foxtons H1 profits grow as strong lettings offset sales weakness
Estate agent Foxtons posted a jump in first-half profit and revenue on Thursday, as strength in the lettings division offset weaker sales.
Amigo Holdings judges chances of raising necessary capital to be 'low'
Amigo Holdings informed shareholders that the subprime lender was continuing its orderly wind down of the business due to its inability to raise the capital needed to continue lending.
Friday preview: US inflation data, NatWest in focus
Investors' focus at the end of the week was expected to shift back to the U. S. , where a raft of fresh economic data, including for inflation were anticipated.
Shell profits fall as oil, gas prices decline
Shell on Thursday posted a sharp fall in second-quarter profits as oil and gas prices declined a year after Russia’s unprovoked invasion of Ukraine sparked a surge in the cost of energy.
Abrdn folding Gars fund into other assets
Abrdn has decided to combine its once-leading UK investment fund, Global Absolute Return Strategies (Gars), with other assets due to a long streak of underperformance, it emerged on Thursday.
Abrdn poaches Persimmon CFO Jason Windsor
Fund manager Abrdn said on Thursday that it has appointed Jason Windsor as its new chief financial officer.
Drax sees 1H profit surge, expects reduction in gearing
Drax posted a surge in its first half profits and guided towards a reduction in gearing by year end.
Hammerson swings to loss
Property development and investment group Hammerson said on Thursday that it swung to a loss in the first half due to disposals.
Elementis trading in line amid subdued market
Specialty chemicals company Elementis described a resilient performance during the first half of the year on Thursday, with results aligning with market expectations despite facing some challenges in the demand environment.
Indivior lifts guidance after strong first half
Pharmaceuticals firm Indivior reported a 24% improvement in net revenue in its half-year report on Thursday, to $529m.
Bodycote posts jump in 1H free cash flow, cuts debt
Bodycote posted a big jump in sales and earnings for the front half of the year leading to a surge in free cash flow.
Rentokil H1 profits soar on strong revenue
Rentokil posted a rise in interim profits on Thursday, driven by revenue growth across all regions.
Beazley confident after first half of growth
Specialist insurer Beazley described a first half of growth in a trading update on Thursday, alongside a promising outlook for the rest of the year.
Airtel Africa Q1 revenue grows but profit hit by foreign exchange loss
Telecommunications and mobile money services firm Airtel Africa posted a rise in first-quarter revenue on Thursday, but profits fell as it was hit by a foreign exchange loss.
Barclays H1 profits surge to £4.5bn but bad loan charges rise
Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.
Luke Jensen stepping down from Ocado Solutions
Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.
Relx hikes dividend as H1 profits, revenue grow
Business information services group Relx said on Thursday that first-half profit and revenue rose as it hiked its dividend, with momentum remaining strong across the group.