Company News
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
IWG maintains FY guidance, mulls US listing
Flexible workspace provider IWG maintained its full-year guidance on Tuesday as it considers a US listing amid continuing margin growth and network expansion during Q1.
First-quarter income slides at Saudi Aramco
Oil giant Saudi Aramco has reiterated plans to pay out more than $120bn in dividends this year, despite a slide in first-quarter income.
Zotefoams inks five-year deal with Chinese firm Shincell
Cellular materials specialist Zotefoams announced a strategic alliance agreement with Suzhou Shincell New Materials of Suzhou, China on Tuesday.
Three firms fined, sanctioned over LCF audits
The Financial Reporting Council (FRC) imposed sanctions on three audit firms on Tuesday, following an investigation into their audits of London Capital & Finance (LCF).
Ferrexpo reports rise in volumes amid Ukraine legal case
Ferrexpo reported a notable rise in production and sales volumes for the first quarter at its Ukraine subsidiary, Ferrexpo Poltava Mining (FPM), on Tuesday.
Weak customer demand dents Macfarlane Q1 profits, sales
Macfarlane slumped on Tuesday as the packaging supplier backed its full-year expectations but said sales and profits in the first quarter were below the same period a year earlier amid weak customer demand.
Apax IX Fund offloads stake in Healthium
An affiliate of the Apax IX Fund, in which Apax Global Alpha is a limited partner, has sold its controlling interest in Healthium MedTech, an India-based medical devices firm.