Company News
HSS Hire agrees to sell Power unit
Tool and equipment hire business HSS Hire said on Thursday that it had agreed to sell its Power unit to CES Global for £23. 25m.
Nationwide to buy Virgin Money in £2.9bn deal
Virgin Money said on Thursday that it has agreed to be taken over by Nationwide Building Society in a £2. 9bn deal.
M&S co-CEO Bickerstaffe to retire after AGM in July
Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".
Admiral profits jump as customer numbers expand
Admiral Group reported a group profit before tax of £442. 8m in its annual results on Thursday, making for an increase of 23% from the prior year.
Funding Circle shares soar on US exit plans and buyback programme
The share price of small business credit provider Funding Circle soared on Thursday after the company announced a new share repurchase programme to bolster its share price as well as plans to offload its US arm as management attempts to rightsize the business.
Physiomics revenue rises, losses narrow in first half
Physiomics reported revenue of £0. 37m in its interim results on Thursday, up from the £0. 34m it recorded a year earlier.
Darktrace shares surge on 'strong' H1 results
Cyber security business Darktrace shares surged on Thursday as the group detailed a "strong 1H financial performance".
Grafton Group tops expectations despite some market weakness
Grafton Group reported a strong set of final results on Thursday, with the building materials distributor announcing a full-year adjusted operating profit of £205. 5m, surpassing analysts' expectations.
Elementis FY operating profits grow, revenues slip
Chemicals company Elementis revealed on Thursday that adjusted operating profits had ticked up in 2023 despite seeing a modest dip in revenues for the year.
Spirax shares jump as profit growth to return in 2024
Shares in Spirax Group surged on Thursday after the engineering firm lifted its dividend despite a dip in profits in 2023, held back by lower volumes in higher-margin work and restructuring and impairment costs.
Rentokil profits boosted by Terminix
Rentokil reported a rise in full-year profit and revenue on Thursday as it benefited from the acquisition of Terminix in the US.
Tyman sees 'challenging' markets as profits fall 19%
Door and window parts maker Tyman said it expected a “challenging” market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.
GSK reports more encouraging trial results for Blenrep
GSK unveiled encouraging results from its ‘DREAMM-8’ phase three trial on Thursday, comparing the efficacy of ‘Blenrep’, or belantamab mafodotin, in combination with pomalidomide plus dexamethasone, or PomDex, against the standard treatment of bortezomib plus PomDex in relapsed or refractory multiple myeloma patients.
Pagegroup profits slump in 'challenging' conditions
Recruiter Pagegroup reported a slump in full-year profit on Thursday amid "challenging" market conditions.
Entain warns of regulatory hit to profits in 2024
Full-year results from sports betting and gaming group Entain were in line with expectations, with underlying earnings hitting the £1bn mark and record-high online customers, though it warned of the significant impact from regulatory changes which will dampen profits in 2024.
Harbour Energy holds production guidance as weak prices hit 2023 profits
North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.