Company News
Melrose confident it can weather GTF engine fleet issues
Melrose Industries offered clarification on Tuesday, over a recent update from RTX on the Pratt & Whitney GTF fleet.
UK grocery inflation slows, Aldi and Lidl take more market share
Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.
Dowlais holds guidance as GKN posts strong first half
GKN Automotive owner Dowlais Group held annual guidance after posting better-than-expected maiden interim profits, driven by strong margins and the growing push for electric vehicles.
Wickes on track but H1 profits dented by IT costs
Wickes said it remains on track to hit forecasts this year after a solid first half, though profits were hit by ongoing IT expenses as it continues to separate its backend systems away from previous owner Travis Perkins.
Ithaca Energy to buy out Shell stake in Cambo field
UK oil and gas producer Ithaca Energy on Tuesday said it was buying the remaining 30% stake in the West Shetland Cambo field from Shell UK.
Chemring full-year targets depend on outstanding £25m DoD order
Aerospace, defence and security tech group Chemring said it remains on track to hit forecasts this year, but only as long as the US Department of Defense signs off a £25m order.
AB Foods lifts guidance again as Primark recovers
UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.
Rotork's veteran finance boss to retire next year
Industrial valve manufacturer Rotork has announced that long-standing finance chief Jonathan Davies is to retire early next year.