Company News
3i Infrastructure on track after robust first half
3i Infrastructure reported a robust performance in its first-half report on Tuesday, exceeding its target return of 8% to 10% per annum.
Frasers kicks off £80m share buyback
Retail company Frasers Group announced on Tuesday that it has initiated a non-discretionary share buyback programme with Barclays Bank’s investment bank division.
Watches of Switzerland revenues tick higher; growth plans outlined
Watches of Switzerland surged on Tuesday as it reiterated full-year guidance, posted a jump in second-quarter revenue and outlined plans to more than double sales and profits by FY28.
Naked Wines downgrades FY guidance, shares tank
Naked Wines downgraded its full-year guidance on Tuesday as it cited a weaker-than-expected performance in the US, sending shares in the online wine retailer tumbling.
Hilton Foods shares rise on in-line trading update
Hilton Foods shares were rising on Tuesday after the food producer said third-quarter revenues had increased, as strong operating momentum seen in the first half continued.
IWG upbeat as quarterly revenue rises
Workspace provider IWG reported a third-quarter system revenue of £830m on Tuesday, reflecting 8% year-on-year growth in constant currency terms.
Bank of Georgia updates market on unaudited, regulated profits
Bank of Georgia Group updated the market on its unaudited profits for the first nine months of 2023 on Tuesday, as disclosed by its regulator, the National Bank of Georgia (NBG).
Beazley flags strong year after solid third quarter
Specialist insurer Beazley announced a positive trading performance for the first nine months of 2023 on Tuesday, with a 9% increase in written insurance premiums and a 26% increase in net written insurance premiums.
Persimmon ups completions guidance despite tough Q3
UK housebuilder Persimmon has raised its guidance for new home completions despite a 37% slump in finished builds in the third quarter and a significant fall in its order book.
4imprint lifts full-year profit guidance
4imprint lifted its full-year profit outlook as it pointed to further progress since the first half update.
Pizza Express owner not planning to make offer for Restaurant Group
The owner of Pizza Express cited "market conditions" on Tuesday as it confirmed that it does not intend to make an offer for The Restaurant Group.
AB Foods ups shareholder returns as profits jump 25%
Food, ingredients and retail conglomerate Associated British Foods is returning another half a billion pounds to shareholders as it reported double-digit growth on both the top and bottom lines in the last financial year.