Company News
Revolution Bars exploring options including sale
Revolution Bars confirmed on Tuesday that it is exploring strategic options, including the potential sale of all or part of the group.
Flutter losses widen on one-off costs but revenues boosted by US
Paddy Power owner Flutter Entertainment posted a widening of its full-year losses on Tuesday due to one-off costs, but revenue surged and the company guided to 30% growth in 2024 core profit thanks to a strong performance in the US.
Bellway eyes return to growth as first-half profits slump
Interim profits at UK housebuilder Bellway dropped by more than a half on the back of a slump in housing completions and a deterioration in margins, but the company pointed to an improving economic outlook as mortgage rates continue to fall back.
Petershill Partners confident despite slide in income and profits
Petershill Partners reported an adjusted profit after tax of $200m in its preliminary results on Monday, down from $273m year-on-year.
Ocado Retail sees strong first-quarter growth
Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8. 1% year-on-year increase in total item volumes propelling retail revenue to £645. 3m, itself up 10. 6%.
Pets at Home backs FY profit expectations
Pets at Home backed its full-year profit guidance on Tuesday as fourth-quarter trends have been as expected.
Smiths Group in £100m buyback as H1 earnings rise; Names new CEO
UK engineering group Smiths named a new chief executive and launched a £100m share buyback as it reaffirmed annual guidance after a rise in half-year earnings.
Affordable housing developer Vistry to build 1,900 new homes
Affordable housing group Vistry has signed two new partnership agreements that will see it build 1,900 new homes in East Anglia and the South of England.