Company News
Broker tips: Drax, Midwich, Smith & Nephew, IMI
Citi downgraded Drax to 'sell' on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.
Director dealings: Experian COO makes share sale
Experian revealed on Wednesday that chief operating officer Craig Boundy had disposed of 226,166 ordinary shares in the FTSE 100-listed information services company.
Manchester United cuts profit outlook after early exit from Champions League
Manchester United cut its full-year profit guidance on Wednesday as it pointed to its early exit from the Champions League and associated drop in broadcasting revenues.
Uniqlo sues Shein over shoulder bag copycat claim
Japanese fashion brand Uniqlo is suing Chinese online rival Shein over claims it is selling copies of its shoulder bag, which has become a huge hit on social media.
Grafton appoints Ian Tyler as next chairman
Grafton said on Wednesday that it has appointed Ian Tyler as its next chairman, with effect from 1 March.
Atome reports latest progress in Paraguay
Green fertiliser project developer Atome Energy updated the market on its operations in Paraguay on Wednesday, reporting that the front-end engineering design (FEED) study and engineering, procurement and construction (EPC) were progressing well, and were expected to conclude in the first quarter of the year.
Griffin Mining reports 'spectacular' year at Caijiaying
Griffin Mining released production results for the Caijiaying Zinc Gold Mine for the three months and year ended 31 December on Wednesday, reporting impressive achievements.
Acuity RM reports solid growth since April acquisition
Governance, risk and compliance (GRC) software specialist Acuity RM said in an update on Wednesday that, in the nine months following the acquisition of Acuity Risk Management in April last year, it had seen solid growth.
Gateley reports resilient first-half, appoints its next chairman
Professional services group Gateley reported a resilient first-half financial performance on Wednesday, with a 7. 6% increase in revenue and a 4. 6% rise in underlying profit before tax compared to the first six months of the 2023 financial year.
Ibstock closes second brick factory, but sees FY in line despite lower sales
Building products supplier Ibstock said it was permanently closing one of its brick factories and cut jobs amid falling demand as the housing market contracted, although it remained confident in its medium-term prospects, with fourth-quarter trading in line with expectations, .
Midwich flags record-breaking revenue in 2023
Specialist audiovisual distributor Midwich Group reported a strong 2023 performance in a trading update on Wednesday, culminating in record-breaking revenue of £1. 3bn, making for 7% growth year-on-year, or 6% when adjusting for currency fluctuations.
Craneware revenue growth accelerates in first half
Healthcare software specialist Craneware said in a trading update on Wednesday that it saw accelerated revenue growth in the six months ended 31 December, reflecting an improving market environment as US hospitals and healthcare institutions refocussed their strategic goals.
Ariana Resources reports solid year of production at Kiziltepe
Mineral explorer and developer Ariana Resources released its full-year production results for the Kiziltepe Mine in Turkey on Wednesday in which it holds a 23. 5% stake through its shareholding in Zenit.
Macro uncertainties lead to net outflows for Brooks Macdonald
Brooks Macdonald said in an update on Wednesday that it saw robust gross inflows of £0. 6bn in the December quarter, marking a 1. 5% increase from the prior quarter and equating to an annualised rate of 14%.
Liontrust Asset Management net outflows continue in Q3
Fund manager Liontrust Asset Management revealed on Wednesday that outflows had continued during the three months ended 31 December but said it had managed to deliver a small improvement in assets under management.
Wizz Air pays out £1.2m in compensation claims after regulator probe
Wizz Air has been forced to pay out £1. 2m to passengers whose claims for compensation were falsely rejected after flight delays in the chaotic summer of 2022.
Rathbones funds under management grow as it integrates Investec Wealth
Wealth manager Rathbones Group reported total funds under management and administration, including Investec Wealth & Investment (IW&I), of £105. 3bn at the end of December on Wednesday.
Galliford Try lifts guidance again after strong first half
Galliford Try's share price received a boost on Wednesday after the British construction company lifted both its top and bottom-line guidance for the full year, for the second time in recent months.
Urban Logistics reports jump in demand, rise in rental income
Urban Logistics reported a continued surge in demand for space in an update on Wednesday, within its niche sub-sector of last-mile, last-touch delivery of essential goods in urban areas.
GSK raises £978m through Haleon share sale
GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.