Company News
Wednesday preview: US corporate results, Lloyds in the spotlight
The market spotlight on Wednesday will be firmly on the U. S. , as the latest quarterly results from the country's tech heavyweights continue to roll in.
Tesla announces plans to cut 400 jobs in Germany
Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.
UPS tops Q1 profit forecasts but misses on revenue
American transport and logistics giant United Parcel Service saw shares rise on Tuesday after quarterly profits beat analysts' forecasts, even though revenues fell more than expected.
Watkin Jones names new CFO
Build-to-rent specialist Watkin Jones said on Tuesday that the underlying operating residential rental market "continues to perform well" throughout H1 and named a new chief financial officer.
Getir investors said to fund European exit with new cash injection
Investors in grocery delivery app Getir, which at one point attained a valuation of almost £10bn, are reportedly set to inject yet more money into the company to fund its exit from the UK and Europe.
88 Energy raising AUD 9.8m to strengthen balance sheet
88 Energy announced its intention to raise up to AUD 9. 8m (£5. 23m) on Tuesday, to strengthen its balance sheet and provide capital for ongoing projects.
Jupiter falls as clients pull £1.6bn in Q1
Jupiter Fund Management shares fell on Tuesday as the investment firm saw net outflows of £1. 6bn during the first quarter.
GM lifts full-year outlook after strong Q1
US auto giant General Motors on Tuesday lifted its profit and cash flow guidance for the full year after a strong first quarter in which it beat market forecasts.
Bushveld updates Vametco mineral resources
Bushveld Minerals updated the market on mineral resources and reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex on Tuesday.
Power Metal Resources completes Molopo drillhole
Power Metal Resources announced the completion of drillhole DDH1-14C at its Molopo Farms Complex project in southwestern Botswana on Tuesday.
PepsiCo Q1 profit boosted by international performance
US soft drinks and snack firm PepsiCo reported a rise in first-quarter earnings and sales on Tuesday, underpinned by a strong international performance.
Spotify Q1 revenues rise, but user numbers miss estimates
Music streaming service Spotify missed its own active user estimates in the first quarter but reported a 20% rise in revenue.
AB Foods lifts FY outlook as interim profits jump
Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
UK private sector output expands, cost pressures loom
Britain’s private sector saw robust expansion in April, according to fresh data on Tuesday, marking the sixth consecutive month of growth.
Renault's Q1 revenues held back by FX movements
French carmaker Renault beat forecasts with its first-quarter results, though shares fell as sales from the automotive division were held back by currency movements.
Expanded use of Cosentyx drug sees Novartis raise expectations
Swiss pharmaceutical giant Novartis raised its full-year guidance Tuesday after beating expectations in its first quarter.
Accesso launches ticketing suite in UK market
Accesso Technology Group launched its ‘Accesso ShoWare’ software-as-a-service (SaaS) ticketing suite to the UK market on Tuesday.
GB Group makes 'strong finish' to FY24
Software firm GB Group said on Tuesday that it had made a "strong finish to the year", with adjusted operating profits coming in above expectations.
Ferrexpo production levels surge in Q1
Iron ore pellets producer Ferrexpo said on Tuesday that production levels had significantly increased during the three months ended 31 March despite experiencing more conscriptions from its workforce throughout the quarter.
AB Dynamics reports solid first-half growth
Transport testing, simulation and measurement specialist AB Dynamics reported an 8% increase in first-half revenue on Tuesday, to £52. 3m.