Company News
Syncona net asset value falls, co-founder steps down
Life science specialist Syncona reported a net asset value of £1. 2bn at the end of its first half on Thursday, down from £1. 25bn on 31 March, with a net asset value return of -4. 2% during the period.
Energean reiterates full-year production targets
Energean said it remained on track to meet full-year production targets on Thursday, despite the outbreak of war in Israel.
Half-year earnings jump at Investec
Financial services group Investec reported a jump in half-year profits on Thursday, despite a "difficult" macroeconomic backdrop.
Close Brothers' Winterflood unit continues to struggle in Q3
Merchant banking group Close Brothers said on Thursday that its Winterflood financial planning and investment service unit has continued to struggle amid considerable headwinds in the equity trading market.
CMC Markets swings to interim loss
Online trading platform CMC Markets said on Thursday that it swung to an interim loss in a "tough" market environment.
GPE asset values fall despite solid leasing activity
Great Portland Estates reported robust leasing activity in its first half on Thursday, surpassing estimated rental values (ERV) by 13. 4%, although its portfolio value fell by more than 10%.
Mars to buy Hotel Chocolat in £534m deal
Premium chocolatier Hotel Chocolat said on Thursday that it has agreed to be bought by US food giant Mars in a £534m deal.
Tyman trades in line despite 'continued challenging market conditions'
Building products manufacturer Tyman said on Thursday that full-year adjusted operating profits would be in line with market expectations, despite experiencing "continued challenging market conditions" year-to-date.
Aviva confirms full-year targets as premiums spark
Aviva reiterated its full-year targets on Thursday, after the life and general insurer saw premiums jump during the third quarter.
Dr Martens taps Ije Nwokorie for chief brand officer
Iconic footwear manufacturer Dr Martens has appointed Ije Nwokorie to the newly created role of chief brand officer.
Spirax-Sarco eyes return to growth in 2024
Engineering firm Spirax-Sarco lowered its full-year sales guidance on Thursday but said a return to growth was expected to take place in 2024.
Halma posts record first-half results amid growth across group
Halma reported a 9% increase in first-half revenue on Thursday, reaching a record £950. 5m.
Premier Foods lifts FY profit expectations after strong first half
Mr Kipling owner Premier Foods boosted its full-year profit expectations on Thursday following a "strong" first-half performance.
United Utilities profits fall in first half as costs rise
North West-focused water group United Utilities recorded a 7% drop in interim operating profits despite benefitting from higher customer bills, as costs increased.
Melrose Industries lifts full-year profit expectations
Melrose Industries lifted its full-year profit outlook on Thursday, as it highlighted stronger aftermarket demand and pricing.
Crest Nicholson cuts full-year profit outlook
Crest Nicholson cut its full-year profit outlook again on Thursday as it highlighted a "challenging" backdrop.
Smiths Group on track to hit guidance despite mixed Q1 performance
Smiths Group said growth got off to a slow start this new financial year due to tough comparative, but reassured investors that it was still on track to hit full-year expectations.
Burberry hit by luxury slowdown as China sales drop in Q2
British high-end fashion giant Burberry has warned that the slowdown in luxury demand is having an impact on current trading and could affect full-year sales, as it reported a huge deceleration in sales growth in the first half.