Company News
Thyssenkrupp lowers full-year guidance again
German industrial conglomerate Thyssenkrupp has cut its forecasts for full-year sales and net profit as a result of volume reductions and lower steel prices, along with write-downs that will impact the bottom line.
DSW Capital FY adjusted pre-tax profits fall
Professional services business DSW Capital said on Wednesday that adjusted pre-tax profits had contracted in the year ended 31 March but said network revenues and total income from licensees were expected to be in line with current expectations.
Lords flags 'uncertain' market conditions
Building materials distributor Lords Group Trading warned of challenging market conditions on Wednesday, after unseasonably wet weather compounded tough trading.
Interest earning balances slip at Vanquis
Vanquis Banking Group reported gross customer interest earning balances of £2. 23bn at the end of its first quarter on Wednesday, reflecting a slight decline from the £2. 35bn it reported as at 31 December.
Gross premiums rise in strong quarter for Conduit
Conduit Holdings reported a 28. 3% increase in gross premiums written in its first quarter on Wednesday, reaching $356. 8m for the three months ended 31 March.
Redde Northgate FY24 trading finishes 'positively'
Vehicle rental and repair services business Redde Northgate said on Wednesday that it had finished FY24 "positively", continuing the trends seen in the first half, with vehicle supply continuing to improve.
Full-year revenues motor ahead at Vertu
Vertu Motors reported record revenues on Wednesday, despite difficult market conditions and falling used car prices.
Raspberry Pi confirms plans for London listing
Computer maker Raspberry Pi confirmed on Wednesday that it is planning to list on the main market of the London Stock Exchange.
Senior's long-serving finance director to retire
Senior, the FTSE 250-listed engineering and manufacturing group, has announced that its finance director of seven years is to retire.
TP Icap Q1 revenues down against strong comparator
Financial services firm TP ICAP said on Wednesday that revenues were down year-on-year in the three months ended 31 March against a strong Q123 performance.
Vesuvius confident for full-year despite 'difficult' market conditions
Engineering firm Vesuvius reiterated its full-year guidance on Wednesday, despite seeing "subdued" steel markets throughout the first quarter.
Experian shares surge on sales growth guidance
Shares in credit-checking and data giant Experian surged on Wednesday after the company delivered annual results at the top end of expectations and guided to an acceleration in top-line growth for the coming year.
Hunting sees FY at top end after $145m Kuwait deal boosts order book
Global engineer Hunting said full-year earnings would be at the upper end of expectations after winning a $145m order with the Kuwait Oil Company.
Imperial Brands reiterates full-year outlook despite profits dip
Tobacco giant Imperial Brands reiterated its full-year outlook on Wednesday, despite a fall in interim profits and sales.
Compass lifts full-year outlook after strong first half
Food and support service provider Compass Group raised its full-year guidance on Wednesday, after reporting an 11. 2% increase in first-half revenue to $20. 9bn, alongside an 18. 7% surge in operating profit to $1. 47bn.
Consortium of investors sells £1.6bn stake in LSEG
A consortium of investors has sold about £1. 6bn worth of shares in London Stock Exchange Group.
Tritax EuroBox regears leases on Belgian asset
European logistics real estate company Tritax EuroBox said it had agreed a lease re-gear, a new lease and associated solar PV Power Purchase Agreement (PPA) at Logistics Park Bornem, Belgium.
Britvic announces third £75m share buyback as interim profits rise
Drinks company Britvic posted a jump in interim profit and revenue on Wednesday and announced a £75m share buyback, as it highlighted "strong" customer demand for its brands.
Profits slide at Burberry as luxury demand slows
Burberry Group warned of a challenging first half on Wednesday, after slowing luxury demand dented annual sales and profits.
Marshalls revenues fall 10% amid weak housing market
Landscaping and building products supplier Marshalls said revenues fell 10% in the four months to April 30 as weak demand in the housing and maintenance market continued, adding that it still expected flat profits for 2024.