Company News
Wednesday preview: UK CPI, BoE's Bailey in focus
Investors' focus in the middle of the week will be on consumer price data due out on either side of the Channel.
Tatton Asset Management reports record full-year net inflows
Tatton Asset Management reported record net inflows for the financial year just ended in an update on Tuesday, of £2. 3bn, equivalent to 18. 1% of its opening assets under management.
Morgan Stanley shares rise as Q1 profits top forecasts
Shares in American banking giant Morgan Stanley rose strongly on Tuesday after the company beat forecasts with a 13% increase in first-quarter profits.
Easyjet suspends flights to Israel until October
Budget carrier easyJet on Tuesday said it had suspended flights to Tel Aviv until October 27 after Iran's missile and drone attack against Israel on Saturday night.
Bank of America upbeat despite profits slide
Bank of America said it had seen a “strong” first quarter on Tuesday, despite posting a sharp fall in profits.
Ericsson sees sales stabilising, shares spark
Shares in Ericsson rallied on Tuesday, after the Swedish telecoms group posted above-forecast quarterly numbers and said it expected sales to stabilise in the second half.
Sosandar FY revenues grow, expects 'marginal loss'
British fashion brand Sosandar detailed year-on-year revenue growth on Tuesday but said it still expects to report a "marginal loss" for the year.
Cinema chain Everyman delivers strong results, expects further growth in 2024
Shares in Everyman Media jumped on Tuesday after the upmarket cinema chain released its 2023 results, showing a double-digit rise in revenues and profits, with further growth expected this year.
International Paper to snap up DS Smith in £7.8bn deal
International Paper has agreed to buy British rival DS Smith in a £7. 8bn all-share deal, it was confirmed on Tuesday.
Dr Martens shares plunge 30% as CEO goes amid bleak profit outlook
Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
Ninety One assets under management slip year-on-year
Global investment manager Ninety One said in an update on Tuesday that its assets under management amounted to £126bn as of 31 March.
Superdry to quit stock market in far-reaching restructuring
Superdry is to delist from the London Stock Exchange as part of a far-reaching restructuring plan, the struggling retailer confirmed on Tuesday.
Hollywood Bowl revenue reaches record in first half
Hollywood Bowl reported a record first-half revenue of £119. 2m in a trading update on Tuesday, making for an 8. 1% increase year-on-year.
GSK meningococcal vaccine accepted by US FDA for review
GSK announced on Tuesday that its five-in-one meningococcal ABCWY (MenABCWY) vaccine candidate had been accepted for regulatory review by the US Food and Drug Administration (FDA).
B&M flags decent group-wide revenue growth
Discount retailer B&M reported growth in revenue across its fascias in a full-year update on Tuesday, with B&M UK achieving £4. 41bn, marking a 4% increase.
Auction Technology revenue rises as it adjusts margin forecasts
Online marketplace operator Auction Technology Group reported a 6% improvement in first-half revenue in an update on Tuesday, to $86m, as it narrowed its full-year margin guidance.
Oxford Instruments ends year in line with expectations
Scientific technology specialist Oxford Instruments said in an update on Tuesday that trading in the financial year just ended was in line with expectations, with positive momentum in revenue growth.
Wise continues to see strong uptake for services in Q4
Global payments technology company Wise continued to enjoy a strong uptake for its services during the last quarter of its fiscal year.
Hays net fees fall amid tough global recruiting market
Global recruiter Hays reported a fall in net fees in a challenging third quarter on Tuesday, down 17% in total year-on-year, and 14% lower on a like-for-like basis.
Plus500 tracks ahead of expectations in first quarter
Plus500 reported a solid first-quarter performance in an update on Tuesday, with the company tracking ahead of market expectations for the 2024 financial year.