Company News
Friday preview: UK GDP, US consumer confidence ahead
Investors' attention at the end of the week will shift back towards the UK and the latest gross domestic product figures.
Director dealings: M&S director snaps up 50,000 shares
Marks & Spencer revealed on Thursday that non-executive director Cheryl Potter had acquired 50,000 ordinary shares in the FTSE 100-listed retailer.
Apple suffers legal blow in €14.3bn tax dispute with Brussels
A key legal ruling in Apple’s favour should be overturned, a senior legal adviser to the European Union’s highest court has argued, in the latest development in the US tech giant's long-running €14. 3bn tax dispute with Brussels.
Sylvania Platinum chair resigns, non-exec to succeed him
South Africa-focused platinum group metals developer and producer Sylvania Platinum announced on Thursday that Stuart Murray would step down as chairman starting 31 December.
Wine maker Chapel Down planning to list on AIM
Wine maker Chapel Down announced plans on Thursday to move its share listing from the Aquis Exchange to the Alternative Investment Market (AIM) after a record harvest.
SoftBank slides to quarterly loss on WeWork collapse
Softbank Group posted a multi-billion pound loss on Thursday, after the Japanese conglomerate was hit by the collapse of WeWork.
Investment activist Brett Stone urges OnTheMarket shareholders to reject CoStar deal
Investment activist Brett Stone on Thursday urged OnTheMarket shareholders to reject a £99m takeover by US commercial real estate information group CoStar, arguing the deal is "opportunistic" and "significantly" undervalues the company.
Balfour Beatty completes two disposals
Balfour Beatty has completed two disposals, the infrastructure specialist confirmed on Thursday, raising nearly £26m.
Renewi upbeat despite first-half weakness
Waste-to-product specialist Renewi reported first-half revenue of €937m on Thursday, with an underlying EBIT of €50. 7m reflecting re-based recyclate prices and subdued volume in certain waste sectors, including construction and demolition.
Galliford Try buys AVRS for up to £7m
Construction firm Galliford Try said on Thursday that it has bought AVRS, a specialist mechanical, electrical, instrumentation, control and automation (MEICA) design and build contractor, for up to £7m.
Energy firms fined £10.8m for missing smart meter targets
Energy suppliers including British Gas and Ovo have been fined nearly £11m for failing to meet smart meter installation targets.
Morgan Advanced Materials YTD sales grow despite impact of 'cyber incident'
Carbon and ceramic materials manufacturer Morgan Advanced Materials said on Thursday that year-to-date sales had risen as it continued to recover from a "cyber incident" experienced earlier in the year.
S4 Capital cuts earnings margin forecast, shares slide
S4 Capital tumbled on Thursday as it downgraded its full-year EBITDA margin guidance after slower-than-expected trading in the third quarter.
TheWorks downgrades FY profit guidance, shares tumble
TheWorks downgraded its full-year profit expectations on Thursday, citing a slowdown in October and increased discounting.
Dowlais reiterates FY guidance despite strike action
Automotive supplier Dowlais reiterated its full-year forecasts on Thursday despite taking a hit from United Auto Workers strike action in North America.
TBC Bank profits slip in third quarter
TBC Bank Group reported a third-quarter net profit of GEL 300m (£90. 14m) on Thursday, marking a 6% year-on-year decrease, with a return on equity (ROE) of 27. 6%.
Lancashire Holdings shares jump on robust third-quarter update
Lancashire Holdings reported significant growth and a robust financial performance in an update on Thursday, with a notable 23. 2% year-on-year increase in gross premiums written, reaching a substantial $1. 6bn.
Flutter shifts earnings expectations downwards, shares slide
Gambling conglomerate Flutter Entertainment lowered its expectations for the year on Thursday, with adjusted EBITDA now expected to be £1. 44bn, at the bottom end of its previously-guided range of £1. 44bn to £1. 6bn.
Food and beverage solutions drive Tate & Lyle's first half
Tate & Lyle reported a robust first-half performance on Thursday, with adjusted revenue up 4% at £857m.
Domino's Pizza Q3 sales grow despite delivery slowdown
Fast food retailer Domino's Pizza Group said on Thursday that sales had grown in the third quarter despite it experiencing a slowdown in deliveries.