Company News
Director dealings: Big Technologies COO lowers stake
Big Technologies revealed on Tuesday that chief operating officer Charles Lewinton had offloaded 90,000 ordinary shares in the AIM-listed technology platform operator.
Asos delays publication of FY results by a week
Online fashion retailer Asos said on Tuesday that its full-year results will be delayed by a week until 1 November, as its auditor PwC needs more time to complete planned testing.
Hipgnosis fails to receive 'superior offer' to Blackstone
Music rights owner Hipgnosis Songs Fund said on Tuesday that it had failed to receive a "superior offer" to Blackstone's in its recent 'Go-Shop' process.
UK regulators set to remove cap on banker bonuses
The Prudential Regulation Authority (PRA) has removed a limit on bonuses in the banking sector after finding that pay and "allowances" have been creeping up over the past decade.
System1 Q2 revenues grow, H1 gross profits rise
Market research firm System1 said on Tuesday that second-quarter revenues had risen year-on-year, leading to improved interim gross profits.
General Motors pulls full-year guidance due to strikes
General Motors posted better-than-expected third-quarter earnings on Tuesday but said it was pulling its annual guidance due to the impact of strikes.
Spotify returns to profit after smashing Q3 targets
Spotify delivered a return to profitability in the third quarter after user and subscriber numbers beat expectations and revenues grew ahead of guidance.
LPA Group hails stronger H2, to restore dividend
Electro-mechanical components manufacturer LPA Group said on Tuesday that it will restore its dividend, as it hailed a "stronger" second half, with both orders and revenue increasing.
Beowuld reports progress on Kallak Iron Ore Project
Beowulf Mining updated the market on progress and its plans for the Kallak Iron Ore Project on Tuesday, alongside its wholly-owned Swedish subsidiary Jokkmokk Iron Mines.
Phoenix Copper expands Navarre Creek claims as it assesses drilling
Phoenix Copper updated the market on its 2023 Navarre Creek exploratory drilling programme in Idaho on Tuesday, as it assessed and analysed assay results from 28 reverse circulation (RC) drill holes.
Coca-Cola Company comfortably beats third-quarter forecasts
Soft drink behemoth Coca-Cola topped expectations on quarterly earnings and revenue in its latest report on Tuesday, with earnings per share coming in at 74 cents.
General Electric raises guidance again after strong quarterly earnings
General Electric (GE) raised its full-year profit forecast for the third time this year on Tuesday on the back of strong quarterly earnings.
Hermes reports strong quarter, though currency a drag
Luxury fashion brand Hermès announced strong quarterly results on Tuesday, with consolidated revenue reaching €10. 06bn by the end of September, marking a 22% increase at constant exchange rates and a 17% increase at current exchange rates compared to the same period last year.
FD Technologies planning more investment as it swings to first-half loss
FD Technologies shares were tumbling on Tuesday morning after the company swung to a first-half loss due to a decline in revenue.
Volex on track to meet full-year market expectations
Critical power products manufacturer Volex said on Tuesday that it had continued to maintain "strong financial momentum" and was "well positioned" to achieve full-year results in line with market expectations.
Greatland Gold reports further progress at Havieron
Greatland Gold updated the market on its Havieron gold-copper project in Western Australia’s Paterson province on Tuesday, reporting that as of 8 October, the decline development had reached a depth exceeding 2,030 metres, with 770 metres remaining before reaching the base of the Permian cover and the top of the Havieron orebody.
Softcat shares slide as revenue misses forecasts
Technology infrastructure product and service provider Softcat described a year of robust profitability and cash generation in its preliminary results on Tuesday, although its shares were sliding after revenue fell almost 9% and failed to meet market forecasts.
Bunzl revenue falls in challenging third quarter
Distribution services giant Bunzl said in a trading update on Tuesday that its revenue fell in nominal and real terms in the third quarter, although it reaffirmed its 2023 adjusted operating profit growth forecast.
Barclays shares tank as full-year NIM guidance cut
Third-quarter headline profits at Barclays may have comfortably beaten analysts' forecasts, but the bank disappointed the market on Tuesday with a cut to its guidance for UK net interest margin (NIM), a key measure of profitability in retail banking.
Abrdn to buy four-closed end funds from First Trust Advisors
Abrdn said on Tuesday that its US subsidiary has agreed to buy the assets of four closed-end funds from First Trust Advisors, adding assets under management totalling around £0. 6bn.