Company News
JD Sports shares slump as Q1 sales fall amid 'volatile' market
Shares in JD Sports Fashion fell sharply on Friday despite the company holding annual guidance amid a "volatile" market as it said group current-year first-quarter like-for-like sales were down 0. 7% and 6. 4% in the UK.
Short-lived sunny spell helps boost UK supermarkets
UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
Jefferies reiterates 'buy' on National Grid, trims price target
Jefferies trimmed its price target on National Grid on Friday as it reiterated its ‘buy’ rating on the energy infrastructure firm.
Harbour Energy making 'good progress' on Wintershall takeover
Harbour Energy said on Friday its blockbuster $11. 2bn acquisition of Wintershall Dea’s non-Russian oil and gas assets remained on track, with publication of the deal prospectus expected shortly.
Galliford Try wins government contracts worth £101m
Galliford Try has secured government work worth more than £100m, the construction group said on Friday, including a contract to finish an immigration detention centre.
AB Foods slumps as majority shareholder sells 10.3m shares
Associated British Foods was in the red on Friday after UBS said that its biggest shareholder, Howard Investments Limited - a wholly-owned subsidiary of Wittington - has sold 10. 3m shares in the Primark owner in a placing.
Flutter shares dive as CFO departs, listing shifts to US
Shares in Flutter Entertainment nosedived on Friday as the gambling outfit said finance chief Paul Edgecliffe-Johnson would leave the company with immediate effect as it shifted its listing to the US.
Competition watchdog opens probe into Nationwide-Virgin Money deal
The competition watchdog is to investigate the proposed £2. 9bn acquisition of Virgin Money by Nationwide Building Society, it was confirmed on Friday.
Petrofac's delayed results reveal $505m loss as talks with creditors continue
Petrofac, the energy services group whose shares are currently suspended, has finally released its delayed annual results for 2023, which showed a net loss of more than half a billion dollars following a "challenging year".
Frasers Group lifts stake in Hugo Boss to £305m
Mike Ashley's retail conglomerate Frasers Group has raised its stake in Hugo Boss after a sharp drop in the German fashion group's share price since the start of the year.
Government cuts NatWest stake to 22.5% after £1.24bn sale
The government has sold a £1. 24bn stake in NatWest, as the HM Treasury continues to reduce its shareholding in the state-backed lender.