Company News
Telecom Plus customer base tops one million
Utilities, insurance and broadband provider Telecom Plus has passed the one-million customer milestone, as it confirmed that trading was in line with expectations for the full year.
Rathbones revenue rises as it integrates acquisitions
Rathbones Group reported substantial growth in funds under management and administration (FUMA) in its preliminary results for 2023 on Wednesday, rising to £105. 3bn from £60. 2bn year-on-year, fueled largely by the acquisition of Investec Wealth & Investment UK (IW&I).
Ibstock FY revenue and profits slide
Brick maker Ibstock revealed on Wednesday that revenue and profits had fallen in 2023 amid "difficult market conditions".
Quilter sees 25% rise in full-year profits
Wealth management company Quilter saw profits rise by a quarter in 2023, helped by a five percentage-point increase in operating margins, after strong investment returns during the year.
Roadside joint venture acquires second property in Gosport
Roadside Real Estate announced the second successful property acquisition through its joint venture with Meadow Partners on Wednesday.
Tullow cites lower oil prices as FY profits, revenue decline
Oil and gas explorer Tullow Oil reported a drop in full-year profit and revenue on Wednesday, citing lower oil prices.
888 Holdings axes SI deal, mulls sale of US consumer arm
UK gambling outfit 888 Holdings on Wednesday admitted its bet on the US sports market hadn’t paid off and was ending its deal with Sports Illustrated and mulling a potential sale of its American consumer operations.
Premier Foods to suspend pensions deficit payments early
Premier Foods said on Wednesday that it will benefit from £33m increased free cash flow in the financial year to 29 March 2025 after reaching an agreement with the trustee of its pension scheme to suspend pension deficit contribution payments from 1 April 2024.
Antler sells 21.5m shares in Baltic Classifieds in placing
Antler, which is controlled by funds advised by Apax, has sold 21. 5m shares in Baltic Classifieds Group in a placing, raising gross proceeds of £47. 3m.
Consortium raises £1.4bn in placing of 21.5m LSEG shares
A consortium of investors in London Stock Exchange Group has sold 21. 5m shares in a placing, raising around £1. 4bn.
Convatec lifts organic growth guidance after strong 2023
Medtech group Convatec has lifted its forecasts for medium-term organic growth forecasts after a strong performance in 2023 which saw a rise in margins and double-digit profit growth.
Breedon buys US concrete maker BMC Enterprises for $300m
Construction materials group Breedon on Wednesday said it had bought US-based BMC Enterprises for an enterprise value of $300m (£238. 1m).
DS Smith sees Q3 trading in line despite tough markets
Paper and packaging maker DS Smith said third-quarter trading was in line with expectations despite “challenging” market conditions.