Company News
Friday preview: US, euro area inflation data in focus
All eyes at the end of the week will be on the latest inflation prints due out on either side of the Atlantic.
Director dealings: Cake Box, QinetiQ chief executives disclose deals
Two director dealings disclosed to the market on Thursday involved the chief executives of Cake Box Holdings and QinetiQ Group.
Walgreens shares plunge as pharmacy chain slashes profit forecasts
Shares in Walgreens Boots Alliance plunged on Thursday morning in New York after the pharmacy retail chain lowered its full-year profit guidance which it blamed on challenging industry trends and a worse-than-expected consumer environment in the US.
Polar Capital assets under management rise
Polar Capital announced 14% growth in assets under management (AuM) for the financial year ended 31 March on Thursday, to £21. 9bn.
Advanced Medical Solutions takeover of Peters gets French approval
Advanced Medical Solutions announced on Thursday that it has received regulatory approval for its acquisition of Peters Surgical.
James Latham revenue falls amid weaker markets
James Latham reported a revenue decline of 10. 2% for the financial year ended 31 March on Thursday, to £366. 5m, down from £408. 4m the prior year.
Harworth Group selling Leeds site to Microsoft for £106.6m
Harworth Group announced on Thursday that it has exchanged contracts for the conditional sale of 48 acres of land at its Skelton Grange site in Leeds for £106. 6m.
Regional REIT raising £110.5m to reduce loan-to-value
Regional REIT announced a fully-underwritten capital raising of £110. 5m on Thursday, to help eliminate its short-term liabilities and pay down bank facilities.
Currys pins hopes on AI-tech as FY earnings jump 10%
UK electricals retailer Currys said trading in the current fiscal year was in line with expectations after 2023/24 adjusted earnings rose 10% and was pinning its hopes on the increasing use of artificial intelligence in electronic goods.
Petra targets lower operating costs, appoints new CFO
Petra Diamonds updated the market on its strategic developments on Thursday, as well as the appointment of a new chief financial officer in Johan Snyman, effective 1 October.
Sanderson Design tumbles on profit warning
Sanderson Design tumbled on Thursday as it warned on profits, citing deteriorating trading conditions in the UK.
Watches of Switzerland shares surge on 'cautious' optimism
Watches of Switzerland shares surged on Thursday as the luxury timepiece seller held current-year guidance and said it was “cautiously optimistic” after annual profits fell amid a wind-back of discretionary spending.
BP implements hiring freeze, refocuses on oil and gas
BP has implemented a hiring freeze and halted new offshore wind projects, it was reported on Thursday, as part of a strategic shift under new chief executive officer Murray Auchincloss.
Foresight Group reports rise in full-year revenue, earnings
Foresight Group reported robust financial results for the year ended 31 March on Thursday, with significant growth in revenue and earnings.
H&M warns on sales, shares slide
Shares in Hennes & Mauritz tumbled on Thursday, despite a 50% surge in second-quarter profits, after poor weather hit sales in June.
Next 15 full-year performance likely to be second-half weighted
Shares in tech and data-focussed consultancy Next 15 Group were sliding on Thursday morning, after the company cautioned in a trading update that its revenue performance for the year was likely to be second-half weighted.
GSK shares drop as US narrows recommendations for RSV vaccines
Shares in biopharma giant GSK tumbled on Thursday after a ruling by a US health agency narrowed usage recommendations for all respiratory syncytial virus (RSV) vaccines, restricting the addressable market for the company's Arexvy product.
Mears Group lifts first-half profit projections
Mears Group announced a robust trading performance in its first half on Thursday, with profit before tax expected to exceed both the previous year’s figures and the board’s initial projections.
Serica maintains full-year production guidance
Serica Energy maintained its production guidance in an update on Thursday, targeting between 41,000 and 46,000 barrels of oil equivalent per day for 2024.
UK sales soften at Quiz, shares fall
Shares in Quiz came under pressure on Thursday, as cost of living pressures continued to weigh heavily on sales.