Company News
Wednesday preview: European economic sentiment, Spanish CPI in focus
The market spotlight on Wednesday would be on the European Commission's economic sentiment index for the month of March.
ASOS H1 sales fall 18% but annual guidance held
UK-based online fashion retailer ASOS said first-half sales fell 18% but held guidance for a decline over the full year as a turnaround plan started to take shape.
DS Smith in talks with International Paper about possible takeover
A bidding war was potentially on the cards on Tuesday as packaging company DS Smith - which recently agreed to be taken over by Mondi - confirmed it is in talks with New York-listed International Paper about a possible takeover offer.
BC Omega Holdco to sell around 30m shares in TI Fluid Systems in placing
Peel Hunt said on Tuesday that BC Omega Holdco plans to sell around 30m shares in TI Fluid Systems in a placing to institutional investors.
CAB Payments disappoints with maiden annual results
CAB Payments' stock dropped sharply on Tuesday after the cross-border payments and FX services provider underwhelmed with its 2023 results, with profits weighed down by IPO-related costs after its stock-market debut last year.
Ferrexpo shares fall on court restrictions for subsidiaries
Shares Ferrexpo fell on Tuesday after the iron ore pellet maker said a court had stopped the transfer of ownership and other share-related corporate rights of the company's Ukraine subsidiaries.
AG Barr beats guidance with strong profit growth
British beverages and energy drinks maker AG Barr beat its own guidance with a 16. 1% jump in full-year profits in 2023 as it managed to outperform the wide soft drinks market.
UK grocery inflation falls to 4.5% but shoppers still struggling - Kantar
Almost a quarter of UK households see themselves as struggling financially despite a 4. 5% fall in grocery price inflation, according to survey data published on Tuesday.
YouGov reports strong growth as it integrates CPS acquisition
YouGov reported 9% growth in revenue in its first-half results on Tuesday, to £143. 1m, with underlying growth at 2% compared to the prior year.
Amaroq Minerals reports solid progress in 2023
Amaroq Minerals reported a robust liquidity position in its full-year results on Tuesday, with group liquidity reaching CAD 78. 2m (£45. 62m) as of 31 December.
Niox Group reports solid growth in final results
Niox Group reported a robust 18% increase in revenue in its final results on Tuesday, amounting to £36. 8m compared to £31. 3m in the prior year.
Big Technologies confident in return to growth after decent year
Remote monitoring technology specialist Big Technologies reported double-digit organic revenue growth of 10% in its preliminary results on Tuesday, reaching £55. 2m compared to £50. 2m in 2022.
Genel revenues slide as pipeline remains closed
Genel Energy reported a significant decline in revenue to $84. 8m in its full-year results on Tuesday, from $401. 9m in 2022, attributed in part to the average Brent oil price dropping to $82 compared to $101 year-on-year.
Fevertree earnings fall in mixed year for company
Fevertree Drinks reported a mixed set of results for 2023 on Tuesday, with UK revenue down 1% to £114. 8m, while US revenue jumped 22% to reach £117m.
Trump's Truth Social set for $6.8bn valuation in Nasdaq debut
Shares in Trump Media & Technology Group surged in pre-market trading on Tuesday ahead of its debut on the Nasdaq as the owner of Donald Trump's Truth Social social-media platform starts its first day as a public company valued at nearly $7bn.
Co-op Bank announces plans to cut 12pc of workforce
The Co-operative Bank announced plans to slash 400 jobs on Tuesday, or about 12% of its current 3,000-strong workforce, in a bid to streamline operations and reduce costs.
Wood Group misses estimates for 2023 but upgrades guidance
Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.
888 posts full-year rise in revenue, adjusted earnings
Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1. 71bn, while adjusted EBITDA jumped 41% to £308. 3m on a reported basis.
Softcat hits operating profit record even as revenue slips
IT infrastructure specialist Softcat reported an 8. 8% fall in first-half revenue on Tuesday, to £467. 2m, but still achieved double-digit growth in gross profit, rising 11% to £196. 5m.
Eurowag reports sustained growth as it completes investment phase
WAG Payment Solutions, trading as Eurowag, reported sustained robust growth across its products and services in its preliminary results on Tuesday, meeting expectations for 2023.