Company News
AO World full-year profits top guidance
Online electricals retailer AO World posted a surge in full-year profit on Wednesday, topping its own guidance range as its plan to pivot the business to focus on profit and cash generation bore fruit.
Revolution Beauty returns to profit
Revolution Beauty said on Wednesday that it has swung into the black, as it looked to move on from a turbulent period.
Marks Electrical reports record full-year revenue
Marks Electrical Group reported record full-year revenue of £114. 3m in its final results on Wednesday, marking a 16. 9% increase from £97. 8m in 2023, and a significant doubling of revenue since the £56m it recorded in 2021, the year prior to its listing.
Tandem Group on track to meet full-year expectations
Sports, leisure and mobility equipment specialist Tandem Group said in an update on Wednesday that it remained on track to meet market expectations for the year ending 31 December 2024.
Deliveroo said to have held takeover talks with Doordash, shares spark
Deliveroo shares sparked on Wednesday following a report that US meal delivery group Doordash flagged interest in a takeover of the UK company last month.
Costain JV wins £65m of work with Southern Water
Infrastructure group Costain announced on Wednesday that it's CMDP joint venture has won contracts worth £65m with Southern Water.
Checkit abandons pursuit of Crimson Tide
Checkit said on Wednesday that it does not plan to make a firm offer for rival Crimson Tide after it rejected an improved proposal earlier in the month.
PZ Cussons ends year as expected amid currency headwinds
PZ Cussons said in an update on Wednesday that trading in the final quarter of the financial year, which ended on 31 May, met management expectations.
Liontrust slips into the red after tough year, but paints upbeat picture
Asset manager Liontrust swung to a small loss in the year ended 31 March after seeing net outflows of more than £6bn due to an adverse trading environment, but said it's starting to see signs of a recovery.
Drax sells meter point assets
Drax said it was selling up to 90,000 small & medium-sized (SME) customer meter points from Opus Energy Group to EDF Energy Customers Limited for an undisclosed sum.
Anglo's De Beers warns of "protracted" demand recovery as sales fall
Anglo American has reported another dip in rough diamond sales from De Beers as it warned of a "protracted" recovery in demand.
Phoenix Group looks to offload SunLife business
Insurance and pensions group Phoenix on Wednesday said it was looking to offload its SunLife business after deciding it was no longer core to operations.