Company News
Coats Group trading as expected as apparel segment improves
Industrial thread specialist Coats Group said in an update on Wednesday that its trading in the four months through October was in line with expectations.
Pebble Group warns on profits, shares tumble
Pebble Group tumbled on Wednesday as it warned on full-year profits after order intake at its Brand Addition business came in lower than expected.
Genus' ABS unit has 'challenging start' to FY, PIC trading remains 'robust'
Animal genetics firm Genus said its ABS division has had "a challenging start" to the year but noted that PIC trading in the roughly five months ended 21 November had been "robust".
HICL Infrastructure keeps dividend target amid weaker performance
HICL Infrastructure reported a first-half income of £10. 9m on Wednesday, a substantial decrease from the £125. 8m recorded in the first six months of 2022.
Rotork confirms full-year guidance
Rotork reiterated its full-year outlook on Wednesday, on the back of solid trading during the second half.
Speedy Hire sees FY results at lower end of its expectations
Speedy Hire slumped on Wednesday as it said full-year results were set to be towards the lower end of its expectations, as it posted a fall in interim profit and revenue.
Grainger hails 'record' delivery, lifts dividend
Residential landlord Grainger posted a jump in annual rental income on Wednesday, boosted by strong demand for its properties.
Bodycote YTD revenues grow
Heat treatments firm Bodycote said on Wednesday that year-to-date revenues had improved, as ADE revenue growth helped offset weakness in emerging markets.
Britvic sales rise amid price hikes
Drinks company Britvic posted a rise in full-year revenues on Wednesday thanks in part to price increases, but profits fell.
Sage Group reports strong year, launches share buyback
Accounting software firm Sage Group reported underlying recurring revenue growth of 12% in its full-year results on Wednesday, reaching £2. 096bn, driven by 25% growth in Sage Business Cloud to £1. 628bn.
Breedon full year ahead of expectations
Construction materials group Breedon hailed a "strong" performance in the 10 months to the end of October and said the outlook for the full year was ahead of expectations.
Severn Trent on track to grow annual profits despite weaker first half
Wales and Midlands water supply company Severn Trent said it still expects to grow profits this year despite a weaker bottom line in the first half – a period categorised by unprecedented levels of investment across its network.
Rio Tinto to pay $28m to settle SEC suit over Mozambique writedown
Rio Tinto said on Wednesday that it has agreed to pay the US Securities and Exchange Commission $28m to settle a 2017 lawsuit related to the disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM) in its 2012 year-end accounts.
Smith & Nephew snaps up cartilage regeneration tech firm CartiHeal
Medical tech giant Smith & Nephew has announced it is spending up to $330m to buy CartiHeal, which specialises in novel cartilage regeneration technology for sports medicine knee repair.
Johnson Matthey lifts full-year operating performance outlook
Johnson Matthey raised the outlook for its full-year underlying operating performance on Wednesday despite posting a drop in first-half sales and profit due to lower precious metal market prices.
Kingfisher issues second profit warning in two months
Home improvement retail conglomerate Kingfisher has cut its profit guidance for the second time owing to continued market weakness in France.