Company News
C&C shares slump as CEO steps down after accounting errors
C&C Group shares plunged on Friday after the drinks maker said chief executive Patrick McMahon would be stepping down after accounting errors in the last three years when he was chief finance director.
Body Shop administrators aiming to wrap up sale by end of June - report
Administrators to The Body Shop are reportedly aiming to clinch a sale of the stricken cosmetics retailer by the end of the month, even as its former owner veers away from making an offer for it.
Retail sales tick higher - BDO
UK retail sales nudged higher last week, industry data showed on Friday, helped by improving weather.
Asda co-owner Zuber Issa exits, sells stake to TDR Capital
Asda's co-owner Zuber Issa has sold his 22. 5% stake in the company to TDR Capital, giving the private equity firm a majority shareholding in the supermarket group.
N4 Pharma shares tank after £0.6m fundraise
Shares in small-cap pharma group N4 Pharma sank on Friday after the company announced a share placing and subscription to raise £630,000.
Former Autonomy boss Mike Lynch acquitted in US fraud trial
British tech veteran Mike Lynch has been acquitted of fraud by a US jury, drawing a line under years of bitter legal dispute.
SRT Marine Systems hit by contract delays
Marine tech group SRT Marine Systems said it expects to make a loss for the year ending 30 June after longer-than-expected administration processes pushed certain contracts into the next financial year.
German industrial production unexpectedly falls, exports tick higher
German exports pushed higher in April, official data showed on Friday, but industrial production continued to disappoint.
Safestay gives bright outlook as bookings surge
International hotels and hostels group Safestay saw losses widen in 2023 despite revenues rising by nearly a fifth, but gave an optimistic outlook with forward bookings up significantly so far this year.
Bellway lifts price guidance after strong spring selling season
Housebuilder Bellway has kept its guidance for housing completions this fiscal year but has lifted its forecast for pricing.