Company News
Fourth-quarter sales disappoint at Reckitt, shares slide
Shares in Reckitt Benckiser Group tumbled on Wednesday, after fourth-quarter sales missed expectations.
Derwent upgrades lettings guidance despite wider full-year loss
Derwent London reporting a robust lettings performance in its 2023 results on Wednesday, despite reporting a wider loss, as it upgraded its guidance for the new financial year.
Primary Health Properties rental income grows, ups FY dividend
Real estate investor Primary Health Properties said on Wednesday that rental income had risen in the ended 31 December, leading the group to hike its final dividend payout.
Segro raises £907m in placing to pursue growth opportunities
Real estate investment trust Segro said on Wednesday that it had raised gross proceeds of £907m in a placing to pursue additional growth opportunities.
HICL sells stake in US toll-road project for $232m, unveils £50m buyback
HICL said it had was selling its entire stake in the US Northwest Parkway toll-road project (NWP) to VINCI Highways for $232m and starting a £50m share buyback with the proceeds.
Halfords shares tank as weak consumer backdrop leads to profit warning
Shares in auto and bike parts retailer Halfords plummeted on Wednesday after the company delivered a surprise profit warning with just one month to go before the end of its financial year and said there would be no profit growth next year.
Drax secures capacity deals, faces fresh sourcing scrutiny
Drax Group announced provisional agreements secured through the recent T-4 capacity market auctions on Wednesday, as it also faced fresh scrutiny over its sourcing practices.
Just Eat guides to strong profit growth in 2024
Takeaway group Just Eat delivered adjusted profits ahead of its own forecasts for 2023 and predicted a 39% jump in earnings this year as gross transaction value (GTV) excluding North America returned to growth.
Vodafone to sell Italian operations to Swisscom for €8bn
Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.