Company News
Wednesday preview: UK CPI, Biden-Xi meetings in the spotlight
Investors' focus in the middle of the week will be split between the UK economy and geopolitics.
Greatland starts drilling at Meadows gold prospect
Greatland Gold announced the start of drilling activities at the Meadows gold prospect within the Ernest Giles Project on Tuesday, in an underexplored Archean greenstone belt in Western Australia’s Yilgarn Craton.
Roughly 500 jobs to go at Pfizer's Kent site
Around 500 jobs are set to go at pharma giant Pfizer's Kent site.
Dr Martens appoints Giles Wilson as CFO
Iconic bootmaker Dr Martens said on Tuesday that it has appointed Giles Wilson as chief financial officer.
Fintel makes two more acquisitions amid strong trading
Financial technology and support specialist Fintel announced two significant strategic acquisitions on Tuesday and an update on its recent trading.
Fonix Mobile starts year in line with expectations
Payments and messaging specialist Fonix Mobile reported a solid start to its financial year on Tuesday, which aligned with expectations.
Thames Water returning £73.8m to customers under Ofwat determinations
UK water regulator Ofwat announced the financial penalties and payments for all water companies for 2022-2023 on Tuesday, with Thames Water set to return the most money to customers.
Cake Box on track after first half of growth
Fresh cream cake retailer Cake Box reported a 6. 8% improvement in first-half revenue on Tuesday to £18m.
DCC operating profit grows despite fall in first-half revenue
DCC reported an 11. 3% fall in first-half revenue on Tuesday, to £9. 62bn, although adjusted operating profit rose 12% to £247. 6m, or 12. 2% at constant currency.
Gear4music lowers revenue expectations as it focuses on profitability
Musical instrument and equipment online retailer Gear4music reported a 6% fall in total revenues in its first half on Tuesday, to £63. 6m, although it adjusted its full-year revenue expectations downward.
Revolution Beauty swings to first-half profit
Cosmetics group Revolution Beauty swung to a profit in the first half after a 20% jump in sales, a strong improvement in margins and cost reductions.
Elementis sets down efficiency and cost savings goals
Speciality chemicals company Elementis outlined its 2026 group performance objectives on Tuesday, aimed at achieving an adjusted operating profit margin of 19% or higher, maintaining a three-year average operating cash conversion rate above 90%, and securing a return on capital employed, excluding goodwill above 20%.
IP Group welcomes licensing agreement between Autifony and Jazz Pharmaceuticals
IP Group welcomed the licensing agreement inked between Autifony, one of its investments, and Nasdaq-listed Jazz Pharmaceuticals.
Oxford Instruments revenue rises amid mixed trading
Oxford Instruments reported a 4. 6% increase in first-half revenue on Tuesday, totalling £209. 7m, driven by a robust performance in research and discovery.
Wise profits surge on higher interest rates
Payments firm Wise posted a surge in first-half profits on Tuesday and upgraded its full-year EBITDA margin expectations, as it benefits from higher interest rates.
Bank of Georgia Group posts bumper Q3 profits
Bank of Georgia posted another bumper set of results against the backdrop of continued quick growth in the local economy.
Landsec portfolio valuation dives on higher interest rates
Real estate group Landsec saw a near-5% fall in net assets per share in its fiscal first half as it wrote down its portfolio by £375m, but said it expects a pick-up in investment activity in 2024.
DCC set to acquire German LPG distributor Progas
DCC announced its intention to acquire Progas, a distributor of LPG in Germany, on Tuesday.
Convatec to hit top end of guidance after strong Q3
Convatec's share price advanced on Tuesday after the medical products and technologies group narrowed its full-year sales guidance to the top of the expected range.
Hill & Smith FY profit to be ‘slightly ahead’ of market views
Hill & Smith said on Tuesday that 2023 operating profit was set to be "slightly ahead" of the top end of current analyst consensus, as it hailed a "good" trading performance.