Company News
STV Studios wins three BBC Daytime commissions
STV Group announced on Wednesday that its STV Studios division has secured three recommissions from BBC Daytime.
Plant Health Care FY revenues down, US sales boost YTD performance
Peptides provider Plant Health Care said on Wednesday that although full-year revenues were down in 2023, US sales throughout the first four months of FY24 had boosted year-to-date revenues.
Brighton Pier Group swings to loss
Brighton Pier Group said on Wednesday that it swung to a full-year loss as revenue fell amid challenging trading conditions.
JD Wetherspoon sees FY profits at top of market forecast
Pub group JD Wetherspoon said on Wednesday that full-year profits were set to be towards the top of market expectations as it reported a jump in third-quarter sales, boosted by sales of traditional ales and Guinness.
Burberry CFO to take short leave of absence
Burberry said on Wednesday that chief financial officer Kate Ferry will be taking a short leave of absence after undergoing "unscheduled surgery".
AB Inbev's Q1 volumes fall less than expected
Shares in Anheuser-Busch InBev were rising strongly in Brussels after the Belgian beverages giant reiterated its full-year guidance following better-than-expected first-quarter volumes.
MaxCyte reports strong first quarter
MaxCyte reported total first-quarter revenue of $11. 3m in an update on Wednesday, making for a 32% increase compared to the same period in 2023.
Alstom to cut debt through €1bn rights issue
French train maker Alstom announced plans to raise €1bn from shareholders on Wednesday, as it looks to slash debt.
SoftBank in talks to buy UK’s Graphcore - report
Japan’s SoftBank is reportedly in talks to buy Graphcore, a struggling British semiconductor start-up once valued at $2. 8bn.
OSB Q1 performance 'stable', reiterates FY guidance
Lending and retail savings group OSB said on Wednesday that its Q1 financial and operational performance was "stable", with underlying net interest margins on track to meet full-year guidance.
Workspace poaches Capital & Regional boss as new CEO
Office provider Workspace has appointed Capital & Regional boss Lawrence Hutchings as its chief executive designate to replace its current CEO who announced his retirement in January.
3i Infrastructure tops full-year total return target
3i Infrastructure announced a successful financial year on Wednesday, reporting an 11. 4% return for the 12 months ended 31 March, topping its target for a total return of 8% to 10% per annum over the medium term.
Direct Line Q1 premiums up on price hikes
UK insurer Direct Line on Wednesday reported a large rise in first-quarter written premiums as it hammered consumers with price hikes.
Boohoo full-year losses widen amid 'challenging' trading conditions
Fast-fashion retailer Boohoo reported a widening of its full-year losses on Wednesday in "challenging" trading conditions, as it was hit by inflation and weaker demand.
Renishaw lowers upper end of FY revenue, profit guidance
Technical instruments maker Renishaw on Wednesday lowered the upper end of full-year guidance amid what it described as “mixed” markets as earnings fell over the first nine months of its financial year.
Informa ups buyback after strong start to 2024
B2B events, publishing and data group Informa has lifted its share buyback programme by 50% after announcing a strong operating performance for the first four months of the year, with revenues, profits and cash flow expected to reach the upper end of guidance.