Company News
Maersk suspends share buyback, warns on outlook
Maersk shares sank on Thursday after the shipping giant suspended its share buyback programme as it warned that oversupply and disruption in the Red Sea would impact earnings this year.
British American Tobacco swings to loss on US writedown
British American Tobacco said on Thursday that it swung to a full-year loss mainly due to an impairment charge related to its US business.
Societe Generale confident despite fall in full-year revenue
French banking giant Societe Generale reported full-year revenue of €25. 1bn in its results on Thursday, down 7. 6% year-on-year.
Syncona NAV grows in Q3
Life sciences investor Syncona said on Thursday that its net asset value had grown in the three months ended 31 December, driven by a prioritisation of capital allocation across its portfolio to enable the delivery of key inflection points.
James Fisher trades as expected as challenges persist
James Fisher said in an update on Thursday that its underlying trading remained resilient through the second half, aligning with market expectations, as challenges persisted in some areas.
SSE reaffirms guidance despite challenges in renewables
SSE reaffirmed its adjusted earnings per share guidance for 2024 on Thursday, aiming for more than 150p despite facing a series of challenges in its renewables output.
AstraZeneca shares slip as Q4 profits miss forecasts
Biopharma titan AstraZeneca delivered a 6% increase in sales in 2023 despite a $3. 7bn decline in Covid-19 medicines revenues, as it guided to a strong pick-up in growth this year – though profits came in slightly under analysts' forecasts.
Watches of Switzerland Q3 revenues dip
Watches of Switzerland reported a dip in third-quarter revenues on Thursday as it said consumers in the UK and Europe were choosing to spend their disposable income on other categories such as fashion and beauty.
Anglo American fourth-quarter volumes down 7%
Mining giant Anglo American has said that production volumes in the fourth quarter were down 7% year-on-year as a result of a deliberate slowdown at its South African iron ore operations and weaker ore at the Los Bronces copper mine in Chile.
Compass delivers strong Q1 with double-digit growth across the board
Catering giant Compass said it delivered a strong start to its financial year with organic revenue growth currently running ahead of full-year guidance.