Company News
Revenue, profits rise at newly-expanded Investec
Investec reported a 5% rise in revenue in its final results on Thursday, to £2. 09bn, driven by a strong performance from its corporate client franchises and the Investec Wealth & Investment division in South Africa.
Hargreaves Lansdown rejects takeover offer from CVC-backed consortium
Hargreaves Lansdown confirmed on Thursday that it had rejected a 985p per share takeover offer from a consortium comprising of CVC, Nordic Capital and Platinum Ivy, which is a wholly-owned subsidiary of Abu Dhabi Investment Authority.
British Land reports strong rental growth, fall in net tangible assets
British Land highlighted strong rental growth and stable values in the second half of the year in its final results on Thursday.
Qinetiq upgrades full-year outlook, shares surge
Defence technology firm Qinetiq surged on Thursday after lifting its full-year guidance as it reported a jump in underlying profit and revenue.
Competition watchdog launches probe into UK vet market
The competition watchdog is to launch a full investigation into the UK's £5bn veterinary market, it was confirmed on Thursday, after an initial review prompted 56,000 responses.
Capital & Regional confirms takeover proposal from Vukile, expression of interest from NewRiver
Capital & Regional surged on Thursday after confirming it had received a non-binding indicative proposal from Vukile about a possible cash and share offer and a separate expression of interest from NewRiver REIT.
Public sector wins underpin growth for Bytes
Bytes Technology Group reported a strong set of preliminary results on Thursday, as gross invoiced income (GII) surged 26. 7% to £1. 82bn, driven by major contract wins in the public sector, notably with the NHS and HMRC, and sustained demand from corporate clients.
Tate & Lyle reports solid year, completes Primient exit
Tate & Lyle reported a robust full-year financial performance driven by strong profit and cash metrics on Wednesday, as it also announced the sale of its stake in American firm Primient.
Great Portland Estates acquires West End Flex conversion opportunity
Property developer Great Portland Estates has acquired a West End Flex conversion opportunity at The Courtyard, WC1 from the City of London Corporation.
Scottish Mortgage NAV grows, Nvidia investment proves fruitful
Investment trust Scottish Mortgage said on Thursday that its net asset value had grown in the twelve months ended 31 March, as its investment in chipmaker Nvidia helped boost earnings despite trading in what it called a "challenging" year.
'Subdued' mortgage market weighs on Nationwide
Nationwide Building Society posted a dip in annual profits on Thursday, a day after Virgin Money shareholders voted in favour of the lender’s £2. 9bn takeover.
Bakkavor lifts FY profit guidance after 'strong' Q1
Food group Bakkavor lifted its full-year profit guidance on Thursday as it hailed a "strong" first-quarter performance.
Aviva reports strong start to 2024
Aviva has reported strong results for its first quarter on Thursday, with robust growth across its divisions as it maintained a solid capital position.
National Grid reports mixed year, announces £7bn rights issue
National Grid shares were sliding on the release of its full-year results on Thursday morning, as it announced an equity raise of £7bn through a rights issue to support its future investments.
AJ Bell profits rise as platform customers reach milestone
Investment platform AJ Bell hiked its dividend on Thursday as it hailed a "very strong" interim performance, posting a jump in profits and revenue as platform customers reached a milestone.
Johnson Matthey profit hit by lower PGM prices
Johnson Matthey posted a fall in full-year underlying profit on Thursday as it was hit by lower metals prices.
Wizz Air returns to full-year profit amid 'sustained' demand
Budget airline Wizz Air said on Thursday that it returned to profit in the year to the end of March amid "sustained" demand.