Company News
Coats sees 'modest' revenue rise on market recovery
Industrial threads maker Coats said it expected “modest” revenue growth this year as markets recovered in the second half after reporting higher 2023 profits.
Friday preview: US non-farm payrolls, Entain in the spotlight
All eyes at the end of the week will be on the one report that could easily upend many market forecasts should it deviate from the consensus - the monthly non-farm payrolls report.
Director dealings: Inchcape chairman makes share purchase
Inchcape revealed on Thursday that chairman Nigel Stein had acquired 15,318 ordinary shares in the London-listed automotive distributor.
Aviva in £300m share buyback as FY profits rise 9%
UK insurance giant Aviva on Thursday unveiled a £300m share buyback and better-than-expected 9% rise in full-year earnings on a strong increase in general insurance premiums.
Continental shares fall as 2023 profits and sales miss estimates
Full-year results at German auto parts manufacturer Continental came in below expectations on Thursday despite the company hiking its dividend after operating profits rose by nearly a third.
GE Aerospace announces $15bn share buyback ahead of spin-off
US conglomerate General Electric shares were on the rise on Thursday after GE Aerospace unveiled plans for a $15bn share buyback ahead of its launch as a standalone company next month.
ITV profits slump amid weak ad revenues
UK broadcaster ITV reported a 41% fall in annual profits as weak ad revenues offset a record performance from its studios unit.
Novo Nordisk sees promising early results for weight loss pill
Shares in Novo Nordisk sparked on Thursday, after the Danish pharmaceutical firm detailed promising trial data for its experimental anti-obesity drug amycretin.
Duke Capital exits investment in streetlight maker Fabrikat
Duke Capital announced the successful exit of its investment in Meteor HoldCo on Thursday, which is the parent company of street lighting and guardrail manufacturer Fabrikat Nottingham.
Helium One reports solid first-half progress in Tanzania
Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator 220 drilling rig, which it said had been successfully mobilised to the Rukwa site.
Zinnwald Lithium reports recent progress at Germany project
Zinnwald Lithium updated the market on its integrated Zinnwald Lithium Project in Germany on Thursday, having recently reported a 445% increase in tonnes and a 243% increase in contained lithium in a mineral resource estimate last month.
Beowulf Mining appoints project manager to Kallak
Beowulf Mining announced on Thursday that its wholly-owned Swedish subsidiary, Jokkmokk Iron Mines, had appointed Dmytro Siergieiev as the project director for the Kallak Iron Ore Project, effective 1 May.
Melrose upbeat after annual results top forecasts
Melrose Industries reported above-forecast annual results on Thursday, after the aerospace specialist benefited from an upturn in the aviation sector.
Strategic Minerals reports record-breaking sales from Cobre
Strategic Minerals reported record-breaking sales figures for February at its Cobre magnetite stockpile on Thursday.
Robert Walters delivers in-line 2023, but outlook cautious
Annual results from Robert Walters were more or less as expected on Thursday after a detailed trading update after year-end, with the recruitment company reporting a 10% drop in net fee income and sharp decline in profits.
Serica maintains production guidance as year-end reserves expand
UK North Sea-focussed oil and gas firm Serica Energy said in an update on Thursday that as of 31 December, it had net proved plus probable, or ‘2P’, reserves totaling 140 million barrels of oil equivalent.
Annual profits top $1bn at Beazley
Beazley announced plans to return cash to shareholders on Thursday, after annual profits at the Lloyds’ of London insurer topped $1bn.
Nexus Infrastructure operating loss widens on housing downturn
Nexus Infrastructure reported continuing revenue of £88. 7m in its preliminary results on Thursday, down from £98. 4m in the prior year, attributed to broader economic challenges and a slowdown in housebuilding activity.
Kier reinstates dividend as H1 profits grow
Construction, services and property group Kier said on Thursday that it was reinstating its dividend as it posted a rise in first-half profits.
Brooks Macdonald underlying profit rises, international business falls short
Brooks Macdonald reported a strong first-half performance on Thursday, as its underlying profit before tax rose 18% to £17. 1m, with its underlying profit margin climbing to 26. 9%, although it did flag struggles in its international operations.