Company News
LSEG investors sell down stake in £2.75bn deal
A consortium of investors in London Stock Exchange Group have sold a tranche of shares, it was confirmed on Thursday, raising around £2. 75bn.
Revenue rises but profit before tax tumbles at Eurowag
WAG Payment Solutions, trading as Eurowag, reported a significant increase in first-half net revenue on Thursday, which rose 36. 9% year-on-year to €119. 1m.
Synthomer tumbles on rights issue after weak first half
Shares in specialty chemicals firm Synthomer were well into the red on Thursday morning, after the company announced a £276m rights issue alongside a fall in first-half revenue and earnings.
Energean cuts output guidance despite strong H1
Shares in Energean slumped on Thursday despite the natural gas company reporting an impressive jump in first-half sales and adjusted profits, as it cut its production guidance for 2023.
Melrose Industries upgrades 2023 guidance
Melrose Industries lifted its annual outlook on Thursday as it said trading has been ahead of expectations, partly due to higher-than-expected margins at the engines division.
Sales decline eases at Currys, but Nordics still a drag
Electrical retailer Currys saw its sales decline ease slightly in the first quarter but noted a continuing "challenging" trading environment, especially within its Nordics division.
Smurfit Kappa in merger talks with US peer WestRock
Paper and packaging company Smurfit Kappa confirmed on Thursday that it is in merger talks with US peer WestRock.
Beazley post record H1 profit, but combined ratio jumps
Insurance group Beazley said it remains on track to hit guidance after delivering record profits in the first half, though its combined ratio jumped.
BAT signs deal to sell Russia, Belarus businesses
British American Tobacco on Thursday said it had finally signed a deal to sell its Russian and Belarusian businesses to a consortium led by local management.