Company News
Wizz shares descend after profit guidance cut
Shares in Wizz Air plunged on Thursday after the low-cost airline said full-year profits would be at the bottom end of guidance due to a "difficult" environment.
Urban Logistics reports strong first half, asset value slips
Urban Logistics reported a strong first-half financial performance on Thursday, as net rental income increased 12. 1% year-on-year to £28. 5m, although the value of its portfolio slipped.
Wood Group reiterates FY guidance
Engineering and consulting business John Wood Group reiterated its full-year outlook on Thursday after securing "significant contract wins" in the third quarter.
Indivior swings to loss despite strong Sublocade performance
Indivior reported a solid third-quarter financial performance on Thursday, as Sublocade net revenue jumped 55% year-on-year to $167m, although a significant cash outflow saw it swing to a loss.
Auto Trader reports jump in first-half revenue, earnings
Auto Trader Group reported first-half group revenue of £280. 5m on Thursday, representing a 12% year-on-year increase.
Travel recovery boosts WH Smith profits
Retailer WH Smith posted jump in full-year profit and revenue on Thursday as it continues to benefit from a recovery in travel.
Endeavour Mining on track to hit targets after solid third quarter
West Africa-focused gold miner Endeavour Mining said it remains on track to meet guidance this year after a decent third quarter, with an even stronger performance expected in the fourth quarter.
3i Group reports resilient first-half amid tough environment
Investment company 3i Group said in its half-year report on Thursday that despite a challenging global economic and geopolitical environment, it achieved a total return of £1. 67bn, representing a 10% return on opening shareholders’ funds.
National Grid earnings fall in first half, as expected
National Grid reported a first-half underlying operating profit of £1. 8bn on Thursday, in line with expectations, but down 15% at actual exchange rates and 14% at constant currency.
Taylor Wimpey sees FY profit at top end of guidance
Taylor Wimpey highlighted an uncertain market backdrop on Thursday, but said it now expects full-year operating profit to be at the top end of its guidance range thanks to a "focus on optimising price and sharp cost discipline".
AstraZeneca hikes guidance after strong third quarter
AstraZeneca released its financial results for the third quarter and first nine months of 2023 on Thursday, hiking its full-year guidance on the back of a robust performance and momentum in several segments.
IMI lifts profit targets after strong third quarter
Engineering group IMI has lifted its full-year earnings guidance and good growth and margin improvement in the third quarter ended 30 September.
B&M lifts guidance for profits and store openings
UK and Europe-focused value retailer B&M has raised its guidance for profits and store openings after a strong first half, with double-digit growth in both revenues and earnings.