Company News
IG Group to cut 10% of workforce
IG Group said on Tuesday that it was planning to cut around 10% of its worldwide workforce as it looks to cut costs and streamline the business.
RHI Magnesita lifts earnings expectations after solid quarter
Refractory specialist RHI Magnesita hiked its full-year earnings expectations on Tuesday after its adjusted EBITA remained stable in the third quarter thanks to resilient pricing, strategic initiatives, and mergers and acquisitions.
Elementis describes resilience, revenue still down year-on-year
Speciality chemicals company Elementis said in its third-quarter update on Tuesday that, despite challenging market conditions, it maintained revenue at a level similar to that of the prior two quarters.
Coca-Cola HBC reports robust organic growth in third quarter
Coca-Cola HBC reported a robust third quarter of organic growth on Tuesday, which it attributed to the continued implementation of its ‘24/7’ strategy.
Spectris expects full-year profits at top end of guidance
Precision instrumentation and controls company Spectris has said it expects full-year profits to be at the top end of forecasts despite a continued slowdown in sales growth in the third quarter.