Company News
Diversified Energy delivers 'solid' Q1 performance
Oil production company Diversified Energy reported "solid" Q1 results on Thursday as it said ongoing cost-cutting efforts were already paying off.
Morgan Advanced Materials revenue rises in first quarter
Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Spire Healthcare trading in line with outlook
Spire Healthcare said in an update on Thursday that its recent trading had been robust, in line with the positive momentum seen since it announced its results on 29 February.
Harbour Energy hikes FY dividend, 'on track' to complete Wintershall acquisition in Q4
Oil and gas business Harbour Energy hiked its full-year dividend on Thursday as its transformational takeover of German rival Wintershall was "on track" to complete in Q4.
ITV revenues hit by US actors' and writers' strike
Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers’ and actors’ strike.
Derwent delivers solid rental growth in Q1
Property investor and developer Derwent London has said that healthy demand has driven rental growth since the start of 2024.
Synthomer first-quarter trading in line
Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
3i Group reports 'strong' results in challenging year
3i Group reported a ‘strong’ set of results in what it described as a challenging year on Thursday, with a total return of £3. 84bn, representing a 23% return on opening shareholders' funds.
Balfour Beatty makes progress on several major projects, retains guidance
Balfour Beatty has reiterated its guidance for profit growth in 2024 after an in-line performance from the infrastructure group since the start of the year.
Apax Partners sells 27m shares in Baltic Classifieds in placing
Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
Watches of Switzerland buys Roberto Coin Inc for $130m
Watches of Switzerland Group said it had bought Roberto Coin Inc for $130m as it looks to expand into the luxury jewellery market.
Wood Group Q1 EBITDA rises but revenues fall
Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1. 4bn takeover proposal from Dubai-based Sidara.
FX movements wipe $1bn off Airtel's top line
Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.
IMI Q1 revenues rise 4%; FY guidance held
Specialist engineering firm IMI on Thursday said trading remained in line with expectations as first-quarter revenue rose 4% year on year.