Company News
Royal Mail could cut deliveries to three per week - Ofcom
Ofcom has called for an overhaul of the UK’s postal service, including potentially cutting deliveries to just three days a week.
Ceres Power shares slide on China talks, delay to royalties
Shares in Ceres Power were sliding on Wednesday, after it announced the failure of joint venture talks in China in 2023 in a trading update, as well as delays to expected royalties from its fuel cell systems.
Woodside upbeat after record year of production
Woodside Energy reported record full-year production on Wednesday, of 187. 2 million barrels of oil equivalent, exceeding the top end of its production guidance range of 183 million to 188 million barrels.
Quilter reports strong rise in inflows in fourth quarter
Shares in Quilter rose on Wednesday after the advice, investments and wealth management group reported a rebound in net flows in the fourth quarter.
Revolution Bars warns on profits, shares slide
Revolution Bars issued a profit warning on Wednesday despite strong trading over the festive period, pinning the blame on several factors, including train strikes and the expense of Christmas.
Fresnillo silver production stable in fourth quarter
Mining firm Fresnillo reported a 0. 9% increase in fourth quarter silver production on Wednesday, to 13,548 kiloounces (koz).
Computacenter mulling shareholder returns after strong 2023
Tech sourcing, consultancy and services group Computacenter expects to report record profits for 2023 with cash generation ahead of guidance, and said it is considering whether to use the surplus capital for shareholder payouts or acquisitions.
TI Fluid Systems sees FY results ‘slightly ahead’ of expectations
TI Fluid Systems said on Wednesday that full-year results were set to be "slightly ahead" of expectations after a continued strong performance in the fourth quarter.
Rio Tinto agrees power deal with Australia's largest solar farm
Mining giant Rio Tinto said it had agreed to buy electricity from the Upper Calliope solar farm in the state of Queensland to power its Gladstone aluminium operations for 25 years.
Wetherspoons cheers rise in first-half sales
Pub chain Wetherspoons held annual guidance as it reported rise in first-half underlying sales.
Abrdn unveils 500 job cuts in new cost-saving plan
Asset manager Abrdn announced it is cutting 500 roles across the group as part of a new cost-cutting initiative to save £150m by the end of 2025, as it reported net outflows of over £12m in the second half.