Company News
M&S sees FY in line as Christmas sales rise 8.1%
UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8. 1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
Savills to meet forecasts despite 'challenging' year
Savills said on Thursday that it remained on track to meet full-year profit expectations, despite global real estate markets coming under pressure throughout 2023.
Hilton Food Group FY earnings seen in line with expectations
Food packaging firm Hilton Food Group said on Thursday that full-year earnings were expected to be in line with internal expectations, driven by continued revenue growth and operational progress.
LondonMetric, LXI REIT to merge in £1.9bn deal
LondonMetric and LXI REIT announced on Thursday that they have agreed to merge in a deal that will create a £4. 1bn property company.
RBC Capital upgrades Antofagasta to 'outperform'
RBC Capital Markets upgraded its stance on Chilean copper miner Antofagasta on Thursday to ‘outperform’ from ‘sector perform’ and hiked the price target to 1,800p from 1,300p.
Informa optimistic after solid 2023
Events, digital services and business information specialist Informa reported a robust 2023 performance in a trading update on Thursday, alongside optimism over further growth in 2024.
Robert Walters on track to meet full-year forecasts despite profit dip
Recruiter Robert Walters reiterated its full-year outlook on Thursday, despite challenging market conditions weighing on profits.
Ferrexpo FY production dragged down by war in Ukraine
Commodity trading and mining company Ferrexpo revealed on Thursday that full-year iron ore production had been dragged down by Russia's war in Ukraine.
Darktrace raises sales and margin targets after strong first half
Shares in FTSE 250-listed Darktrace rose strongly on Thursday after the cyber security group increased both its sales and margin guidance for the full year following a strong first half.
Grafton sees FY profit slightly above top end of analysts' range
Building materials group Grafton said on Thursday that full-year adjusted operating profit was set to be slightly ahead of the top end of analysts’ forecasts of £194m to £201m following a "resilient" performance.
Big Yellow ups rent prices to offset declines in occupancy
Self-storage firm Big Yellow was able to grow sales despite a decline in occupancy levels in a seasonally weaker trading period as it was able to increase average rents by 7%.
Taylor Wimpey's 2023 profits at top end of guidance
Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.
Thursday preview: US CPI, M&S in focus
Thursday will bring with it what is expected to be the week's main risk event, the U. S. consumer price report for the month of December.