Company News
Frasers lifts stake in Boohoo to over 20%
Mike Ashley’s Frasers Group lifted its stake in Boohoo again on Thursday, to more than 20%.
N Brown revenue declines in third quarter
Clothing and footwear online retailer N Brown said in an update on Thursday that product revenue for the third quarter totalled £150. 2m, representing a 9. 7% decrease compared year-on-year.
Flutter shares surge on US potential ahead of NYSE debut
Shares in Paddy Power and Betfair owner Flutter Entertainment jumped by over a tenth on Thursday despite fourth-quarter revenues coming in below guidance, with investors showing optimism about the company's planned listing on Wall Street with significant potential for growth in the key US market.
Young's hails 'strong' Christmas trading
Pub chain Young’s hailed "strong" Christmas trading on Thursday as it said the acquisition of City Pub Group is due to complete on 4 March, after shareholders voted strongly in its favour.
Harbour Energy production falls, costs rise in 2023
Harbour Energy shares were in the red on Thursday, after the company reported a fall in production and an increase in costs in a 2023 trading update.
Losses widen at The Works, shares slide
Shares in The Works fell sharply on Thursday, after the retailer slid deeper into the red and reported weak festive trading.
Bakkavor FY revenues grow on strong China trading
Food manufacturer Bakkavor said on Thursday that full-year revenues had grown, with a strong showing in China offsetting weakness in the US.
Stronger pound takes sheen off solid quarter for Sage
Accounting and financial software company Sage Group reported a robust financial performance in the December quarter on Thursday, with total revenue rising 10% year-on-year to £573m, although it said a stronger pound was having an impact on its performance.
Marshalls revenues fall amid subdued demand
Marshalls said on Thursday that adjusted pre-tax profit for the full year is set to be in line with its expectations as it reported a drop in revenue amid subdued demand.
Watches of Switzerland tanks after revenue warning
Shares in Watches of Switzerland tanked by more than a third on Thursday as the luxury timepiece seller slashed its annual revenue guidance on the back of slumping demand for its luxury products and forecast of volatile trading conditions for the rest of the fiscal year.
Just Group FY sales increase
Retirement products business Just Group said full-year sales had increased across the board, driven by the "strength" of its new business model.
JD Sports Fashion takes control of MIG after EU clearance
JD Sports Fashion said it had taken 100% control of Poland’s Marketing Investment Group after clearance from the European Commission.
AJ Bell assets under administration hit record level in Q1
Investment platform operator AJ Bell said on Thursday that assets under administration had hit record levels in the three months ended 31 December, driven by increased customer numbers and a "significant" year-on-year increase in gross and net inflows.
Centamin helped by lower production costs in 2023
Gold miner Centamin pointed to a further increase in annual production in 2024 after meeting forecasts with last year's output, with costs coming in below guidance.
Energean FY profits more than double
Exploration and production company Energean said on Thursday that full-year profits had more than doubled despite production sitting at the lower end of recent guidance.
Strong Christmas provides sales cheer for C&C
Magners cider owner C&C Group said it expected annual operating profit to be in line with current market expectations after resilient Christmas trading despite some adverse weather in Britain.
IDS on track to meet FY guidance following strong Christmas performance
Logistics group International Distributions Services said on Thursday that it had seen a "marked improvement" in Royal Mail's Christmas performance, putting the group on track to meet full-year guidance.
Eurowag posts 34% in annual revenues as new customers spur growth
Freight and road payments company Eurowag said annual revenues were expected to jump by more than a third, driven by new customers and cross-selling opportunities.
Travis Perkins reports job cuts after stepping up cost-savings plan
Travis Perkins shares rose strongly on Thursday after the builders' merchant and home improvement retailer reported a stabilisation of pricing in the fourth quarter and announced plans to ramp-up its cost-savings programme.
Elementis FY profit seen slightly ahead of expectations after 'resilient' Q4
Specialty chemicals company Elementis said on Thursday that 2023 profit was set to be slightly ahead of expectations after a "resilient" fourth-quarter performance.