Company News
Margin progress drives profit growth at Costain
Costain managed to increase underlying profits by more than a tenth in 2023 despite weaker top-line performance as the construction and engineering company saw an improvement in margins, helping it to resume a final dividend to shareholders.
CMA to launch formal investigation into vet market
The UK’s Competition and Markets Authority said on Tuesday that it has provisionally decided to launch a formal market investigation after a review into the veterinary industry found that pet owners could be paying too much for medicines or prescriptions.
Genuit profits grow in year of 'significant strategic progress'
Plastic piping systems business Genuit said on Tuesday that profits had grown in what was a year of "significant strategic progress".
Domino's shares drop on sharp Q4 slowdown
Domino's Pizza Group, the UK-based master franchise of the global takeaway chain, reported increased profit, cashflow and shareholder returns in 2023 on the back of solid organic growth, but shares fell sharply on Tuesday after the company revealed a sharp slowdown in the fourth quarter.
Morgan Advanced Materials FY operating profits fall
Morgan Advanced Materials said on Tuesday that adjusted operating profits had fallen in 2023 despite seeing a modest uptick in annual revenues.
TI Fluid Systems points to sales slowdown in 2024
Shares in TI Fluid Systems dipped on Tuesday despite a largely in-line set of full-year results, as it pointed to slowdown in revenue growth in 2024.
UK wage growth slows again, unemployment rate ticks up
UK wage growth eased again in the three months to January, while the unemployment rate ticked higher, according to figures released on Tuesday by the Office for National Statistics, raising rate cut expectations.
FirstGroup sees FY slightly ahead of forecasts
Transport operator FirstGroup said it expected annual earnings would be slightly better than expectations after a strong performance from its rail division.
TRIG sells entire stake in Pallas wind farm
The Renewables Infrastructure Group (TRIG) has finalised the sale of its entire equity stake in Pallas, an onshore wind farm in the Republic of Ireland, it announced on Tuesday.
TP ICAP FY profits beat expectations; exploring options for data business
Interdealer broker TP ICAP posted better-than-expected full-year profit on Tuesday, announced a £30m share buyback and confirmed it was exploring options for its data business, Parameta Solutions, which could include a potential IPO of a minority stake.
Synthomer points to "encouraging" Q1 after tough 2023
Polymers group Synthomer missed its own revenue targets for 2023 after a downturn in many of its end markets, but said that trading since the year-end has been "cautiously encouraging", causing shares to surge on Tuesday morning.
Strong US results help drive record year at Hill & Smith
Infrastructure products and services provider Hill & Smith on Tuesday reported record annual results on the back of a strong performance from its US operations.