Company News
Alliance Pharma posts strong results after audit delay
Alliance Pharma reported strong preliminary results for the year ended 31 December on Wednesday, after an audit delay, driven by a robust second half that led to record sales and expanded underlying profit.
Victoria still outperforms market as full-year losses widen
Flooring manufacturer and distributor Victoria said in its final results on Wednesday that despite macroeconomic challenges affecting consumer spending on flooring, it still outperformed the broader market in several key regions.
Nextenergy Solar hikes annual dividend despite slip in NAV
Solar energy and energy storage investment firm NextEnergy Solar Fund hiked its dividend by 11% despite reporting flat income and a modest drop in net asset value (NAV) in the year ended 31 March.
Vodafone sells 18pc stake in Indus Towers
Vodafone Group confirmed several days of speculation on Wednesday, as it announced the sale of 484. 7 million shares in Indus Towers, representing 18% of Indus' share capital, through an accelerated bookbuild.
Helios Towers shares drop as institutional investors offload £43m stake
Telecoms tower company Helios Towers has announced a secondary placing of shares, in which stakeholders Newlight Partners and RIT Capital Partners sold a combined £43. 2m of stock, causing the share price to sink on Wednesday.
UK inflation eases to BoE's 2% target
Annual consumer price inflation fell to 2% in May from 2. 3% in April, in line with expectations, according to figures released on Wednesday by the Office for National Statistics.
Spectris warns on profits after weak lab tools sales
Precision instrumentation and controls group Spectris has said full-year profits will miss current market forecasts as a result of weaker-than-expected demand at its lab equipment division in the first half.