Company News
Mulberry sales fall amid slowdown in luxury spending
Handbag maker Mulberry reported a drop in revenue on Wednesday, pinning the blame on a slowdown in luxury consumer spending, a challenging macroeconomic backdrop and a lack of VAT-free shopping.
Essentra FY adjusted operating profits seen in line with previous guidance
Plastic and fibre products supplier Essentra said on Wednesday that it expects full-year adjusted operating profits to be in line with previous guidance following a "resilient Q4 performance".
Keller sees FY underlying operating profit ahead of market views
Geotechnical engineering firm Keller said on Wednesday that 2023 underlying operating profit was set to be "significantly ahead" of market expectations of £150m after a particularly strong end to the year.
Safestore beats FY forecasts but shares fall on cautious outlook
Shares in Safestore declined on Wednesday despite the self-storage space provider appearing to beat market expectations with its annual results, as it pointed to a softening of conditions in the UK in the new financial year.
Pearson flags 5pc sales growth in 2023
Education publisher Pearson reported a robust set of financial and strategic advancements in a full-year trading update on Wednesday, with 2023 underlying group sales growth coming in at 5%, excluding the impact of OPM and strategic review businesses.
Mitchells & Butlers gives confident outlook as festive sales jump
Harvester, Toby Carvery and All Bar One owner Mitchells & Butlers said it expects full-year results to be at the "top end" of expectations after a solid first-quarter performance with sales rising strongly over the key festive period.
FirstGroup signs £150m financing deal to buy electric bus bodies
FirstGroup has signed a new £150m green hire purchase financing facility with a syndicate of three banks to support the purchase of electric bus bodies.
Just Eat lifts full-year core profit outlook
Just Eat Takeaway said on Wednesday that 2023 core profit was set to be ahead of guidance, following a strong fourth-quarter performance in Northern Europe and the UK and Ireland.
Diploma makes strong start as Q1 revenues rise 10%
Distribution group Diploma has hailed a "strong start" to its financial year as recent acquisitions helped revenues rise by a tenth.
Antofagasta annual copper production rises 2%
Copper miner Antofagasta on Wednesday said annual production rose 2% to 660,600 sonnes, on higher output at its Los Pelambres operation in Chile, due to improved water availability from its desalination plant.
BP names acting CEO Murray Auchincloss as permanent leader
BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.