Company News
Friday preview: UK public sector borrowing, retail sales data due out
Investors' focus at the end of the week will shift back towards the UK, barring any unwelcome developments on the geopolitical front.
Director dealings: Time Finance director makes share purchase
Time Finance revealed on Thursday that non-executive director Paul Hird had acquired 86,930 ordinary shares in the AIM-listed finance provider.
LSE Group investigating system incident
The London Stock Exchange Group said on Thursday afternoon that it has restricted trading while it investigates a system incident.
AT&T raises FY guidance after strong Q3
Telecommunications firm AT&T upped its earnings and full-year free cash flow guidance on Thursday as it said quarterly subscriber numbers had beaten Wall Street estimates.
EU asks Meta, TikTok for details of ‘disinformation’ measures
The European Commission has given Meta and TikTok a week to provide more information on the measures they have taken to combat the spread of violent or terrorist content on their platforms.
Volumes under pressure at Nestle
Swiss consumer goods giant Nestle reported a fall in volumes on Thursday, as prices continued to rise.
Gear4music H1 revenues down despite UK growth
Musical instruments retailer Gear4music reported a drop in interim revenues on Thursday despite seeing modest growth in the UK.
OnTheMarket to be taken over by CoStar in £99m deal
OnTheMarket said on Thursday that it has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
RELX reports strong YTD revenue growth, reaffirms outlook
RELX posted bumper top-line growth for the year-to-date and reaffirmed its 2023 outlook.
Sabre raises guidance after growth accelerates in Q3
UK motor insurance group Sabre raised its full-year guidance on Thursday after a better-than-expected step-up in motor vehicle premium growth in the third quarter.
Assets under management jump at Man Group
Man Group, the world’s largest listed hedge fund, posted a jump in assets under management on Thursday.
McBride trading ahead of expectations as customers turn to own brand goods
McBride shares surged on Thursday after the maker of own brand household goods said it had traded ahead of expectations in the first three months of the year as consumers increasingly turn to own brand products amid the cost-of-living crisis.
Hipgnosis launches strategic review
Hipgnosis Songs Fund is to launch a strategic review, the troubled music rights owner confirmed on Thursday, as it looks to win over shareholders ahead of a crucial vote.
Wet weather boosts Hollywood Bowl revenues
Ten-pin bowling centres operator Hollywood Bowl said on Thursday that full-year revenues had grown, thanks in part to the UK's wet summer.
LSEG sees annual growth towards top end of guidance
London Stock Exchange Group said on Thursday that full-year growth was set to be towards the upper end of guidance, as it posted a jump in third-quarter total income.
Rathbones Q3 inflows all but wiped out
Investment manager Rathbones said on Thursday that third-quarter flows were largely flat as a result of a "challenging market backdrop".
Hargreaves Lansdown new client growth slows, quarterly revenues rise
Financial services firm Hargreaves Lansdown said revenues had grown year-on-year in the three months ended 30 September, even as net new client numbers continued to fall.
Rightmove tumbles as OnTheMarket agrees £99m CoStar takeover
Rightmove tumbled on Thursday after smaller rival OnTheMarket agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
Rank Q1 revenues grow amid 'challenging' trading environment
Gambling company Rank Group saw revenues grow in the first quarter despite operating in a "challenging" trading environment.
Assets under management slip at Schroders
Shares in Schroders came under pressure on Thursday, after the London-listed investment manager posted a fall in assets under management.