Company News
Wednesday preview: US Q4 GDP, Reckitt Benckiser in focus
All eyes on Wednesday will be on a revised reading for fourth quarter U. S. gross domestic product growth.
Segro to raise £800m in placing to pursue growth opportunities
Real estate investment trust Segro said on Tuesday that it was planning to raise around £800m in a placing to pursue additional growth opportunities.
Barclays to sell $1.1bn of card debt to Blackstone
Barclays has agreed to sell around $1. 1bn of credit-card receivables in the US to Blackstone as it looks to reduce its risk-weighted assets and create additional lending capacity.
Director dealings: Hargreaves Lansdown chair raises stake
Hargreaves Lansdown revealed on Tuesday that chairperson Alison Platt had acquired 18,696 ordinary shares in the FTSE 250-listed financial services company.
Norwegian projects bumper first quarter as cruise demand surges
Norwegian Cruise Line projected a promising first-quarter profit on Tuesday, buoyed by robust demand and increased ticket prices.
SkinBioTherapeutics reports positive interim acne study findings
Life science company SkinBioTherapeutics reported encouraging interim findings from its ongoing AxisBiotix acne food supplement study featuring its lead formulation on Tuesday.
Oracle Power launches two studies at Jhimpir site
Oracle Power announced on Tuesday that, alongside its joint venture company Oracle Energy, it had initiated a geotechnical study and an electrical resistivity survey (ERS) for the proposed renewable power plant site at Jhimpir, in Pakistan's Sindh province.
Currys rejects sweetened takeover approach from Elliott Advisors
Currys confirmed on Tuesday that it had received and rejected a sweetened takeover approach from US investment firm Elliott Advisors.
Silver Bullet Data extends contract with Mars Petcare US
Digital solutions company Silver Bullet Data Services said on Tuesday that it has secured an extended contract with Mars Petcare US.
Shein considers switching IPO from New York to London
Fast fashion retailer Shein was said to be looking at switching its proposed $90. 0bn initial public offering from New York to London as a result of regulatory hurdles to the listing in the US.
Fusion Antibodies gets first order under new services agreement
Fusion Antibodies announced the receipt of its first purchase order under a master services agreement on Tuesday, which it agreed with a prominent diagnostics company on 14 February.
Lowe's revenue meets expectations as it warns of DIY slowdown
US home improvement retailer Lowe’s reported fourth-quarter revenue that met analysts' expectations on Tuesday, as it fell 17. 1% year-on-year to $18. 6bn.
Macy's reports mixed holiday quarter, unveils new strategy
Shares in Macy's were bobbing above and below the waterline in pre-market trading on Tuesday, after the retail giant reported a mixed set of holiday-quarter figures and unveiled a new strategic plan.
Kitwave reports decent growth as it integrates acquisitions
Kitwave Group reported a 20% rise in revenue in its full-year results on Tuesday, to £602. 2m, compared to £503. 1m in the prior year.
M&S investing £89m to raise store workers' pay to £12 an hour
High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.
Brickability outlook more conservative amid weak brick market
Construction materials distributor Brickability said in an update on Tuesday that, despite positive performances in the distribution and contracting divisions, weakness in bricks and building products was leading to a more conservative full-year outlook.
Uniphar posts robust set of full-year results
Healthcare services company Uniphar reported a robust set of preliminary results on Tuesday, with EBITDA rising 17. 7%, as it achieved a return on capital employed of 15. 2% and maintained year-end leverage at 1. 6x.
McBride lifts full-year outlook, shares surge
McBride surged on Tuesday as the cleaning products manufacturer lifted it full-year outlook for adjusted operating profit, citing good levels of demand for retailers’ own brands.
UK grocery price inflation eases to 5.3% in February
Research company Kantar's latest supermarket share update showed that grocery price inflation had dropped to 5. 3% in February, its lowest rate since March 2022.
Woodside delivers record output but falling prices hit profits
Australian liquefied natural gas company Woodside Energy delivered a record production performance in 2023, but both profits and revenues fell sharply falling prices outweighed an increase in sales volumes.