Company News
MP Evans earnings fall in tougher market environment
Sustainable palm oil producer MP Evans described a challenging market environment in its final results for 2023 on Tuesday, primarily due to a lower crude palm oil (CPO) price environment compared to the exceptionally high prices seen in 2022.
Puretech Health proposes $100m capital return
Biotherapeutics company PureTech Health has proposed a capital return of $100. 0m to its shareholders by way of a tender offer.
Celebrus Technologies trades in line with FY expectations
Data solutions firm Celebrus Technologies said on Tuesday that its full-year results were seen in line with market expectations, with both revenue and profits improving year-on-year.
Sabre Insurance unveils special dividend after strong 2023 results
Shares in Sabre Insurance were rising on Tuesday after the motor insurance underwriter doubled its dividend payout for 2023, proposing a bumper special dividend after a huge surge in profits last year.
Pfizer sells bigger-than-expected stake in Haleon
Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22. 6% from 32%.
Essentra delivers 'resilient' FY 24 performance, CFO to stand down
Essential components manufacturer Essentra said it had delivered a "resilient" performance in 2023, with the group progressing towards its medium-term targets.
Trustpilot swings to full-year profit
Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
Close Brothers shares surge on £400m capital plan
Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures – including the suspension of dividends – to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.
SThree net fees fall amid global slowdown
Specialist science, technology, engineering and mathematics (STEM) recruiter SThree reported a 6% year-on-year decrease in net fees for the first quarter on Tuesday, attributed to a highly successful prior year and continued challenging market conditions.
Diversified Energy in $410m US gas acquisition
Oil and gas explorer Diversified Energy posted a rise in earnings despite weaker prices and announced the $410m acquisition of producing reserves in the central region of the US.
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
Unilever announces plans to separate ice cream business
Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
Wickes' profits fall less than expected, but challenges remain
DIY and trade home-improvement retailer Wickes beat market forecasts despite a drop in its annual profits, but warned that trading since the start of the year continues to be challenging.
Diageo names Sir John Manzoni as next chair
Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.