Company News
Superdry planning potential emergency sale process - report
Superdry is reportedly preparing to run an emergency four-week sale process if creditors block its founder's plans to inject up to £10m of his own money into the fashion chain in a bid to stave off insolvency.
Director dealings: MyCelx director ups stake
MyCelx Technologies revealed on Tuesday that non-executive director André Schnabl had acquired 71,598 ordinary shares in the AIM-listed clean water technology company.
Wednesday preview: UK CPI, Fed minutes in focus
The market spotlight in the middle of the week will be squarely on consumer and producer price figures due out in the UK.
THG investor to vote against chairman's reappointment
Activist investor Kelso has said it will vote against the reappointment of e-commerce retailer THG chairman Charles Allen in protest to what it considers to be a lack of progress in reviving the company's stock.
Begbies Traylor flags earnings above expectations
Professional services consultancy Begbies Traynor reported a robust financial performance for the year just ended on Tuesday, marking its ninth consecutive year of profit growth.
Epwin confident in meeting recently-hiked expectations
Building products manufacturer Epwin Group said in an update on Tuesday that it was confident in delivering underlying operating profit for the year, in line with the recently-increased market consensus.
Naked Wines FY earnings seen at higher end of previous guidance
Online wine retailer Naked Wines said on Tuesday that full-year earnings would likely be at the higher end of previous guidance as it continues to make efforts to become "leaner and stronger".
Topps Tiles swings to interim loss in challenging markets
Topps Tiles said on Tuesday that it swung to an interim pre-tax loss as revenue fell in challenging trading conditions.
B90 Holdings to benefit from Oddsen marketing deals
Gambling marketing and service provider B90 Holdings announced on Tuesday that its key affiliate, Oddsen. nu, has signed fixed listing fee marketing agreements expected to generate €0. 2m in revenue for the group in 2024.
Regulator probes lack of competition to Visa, Mastercard
The Payment Systems Regulator (PSR) said in an interim report on Tuesday that Mastercard and Visa, the UK’s two dominant payment card schemes, did not face effective competition in the supply of scheme and processing services to acquirers.
Cazoo reportedly lining up administrators
Cazoo, the online car retailer once valued at over £5bn, looked set to enter administration on Tuesday, according to Sky News.
Shoe Zone cuts full-year profit outlook, shares slide
Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Capita YTD adjusted revenues fall
Professional services company Capita said on Tuesday that adjusted revenues had fallen in the four months ended 31 April as a result of local public service losses and reduced contract activity in defence and education.
Greencore shares surge on bright outlook, share buyback
Greencore Group's share price surged on Tuesday morning after the convenience food manufacturer reported a huge jump in first-half profits and launched a share buyback programme as it guided to full-year earnings ahead of market forecasts.
Bellway finance director to stand down
Housebuilder Bellway said on Tuesday that group finance director Keith Adey will step down from the role.
Entain to offload Crystalbet after strategic review
Gambling giant Entain announced the end of a strategic review by its capital allocation committee (CapCo) on Tuesday, which assessed its portfolio to optimise shareholder value and leverage operational progress, confirming that it would now look to offload its Georgian brand Crystalbet.
Judges Scientific reports subdued start to year
Scientific instrument specialist Judges Scientific reported a subdued start to the year in an update on Tuesday, but said it was optimistic that it would still meet full-year consensus expectations.
Pennon reports revenue growth amid Brixham water crisis
Embattled water utility Pennon Group reported strong financial and operational results for the 2024 financial year on Tuesday, but worked to reassure shareholders and customers amid a contamination crisis in its supply area.
Assura reports rent growth, enters £250m joint venture
Specialist healthcare property investor and developer Assura reported a rise in full-year net rental income on Tuesday, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).
SSP reinstates interim dividend but profits drop
Upper Crust and Ritazza owner SSP was under the cosh on Tuesday as it reinstated its interim dividend but posted a drop in first-half profits.