Company News
Ofwat expands sewage probe to all wastewater companies in England and Wales
Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
McBride underwhelms with full-year profit guidance, shares drop
Shares in McBride dropped on Tuesday, pulling back after an impressive surge so far this year, as the cleaning goods manufacturer underwhelmed with annual profit guidance in a pre-close trading update.
IntegraFin delivers 'robust' net inflows in Q3
Investment platform operator Integrafin said on Tuesday that it had delivered "robust net inflows and organic growth" in the three months ended 30 June.
Richemont sales flat as weak China demand weighs on luxury sector
Cartier owner Richemont said sales were flat in the three months to the end of June as it became the latest luxury goods to be hit by a heavy fall in Chinese demand.
Experian Q1 revenues grow, COO steps down
Credit reporting company Experian shares traded lower on Tuesday after the announcement of its chief operating officer's departure offset news that revenues had grown in the three months ended 30 June.
B&M confident after first-quarter growth
Variety discount retailer B&M European Value Retail reported a 2. 4% increase in group revenue for its first quarter on Tuesday.
Wise Q1 customers, volumes rise as fee cuts continue
Global money transfer service Wise has reported a rise in customer numbers and volumes as it continued to cut transaction fees.
Rio Tinto misses estimates with iron ore shipments in Q2
Mining giant Rio Tinto said it was starting to see a "step-change" in production with output of iron ore, bauxite and aluminium all growing in the second quarter, though iron ore shipments were worse than expected due to a train derailment during the period.
Vanquis Banking to miss FY ROTE target
Vanquis Banking Group warned on Tuesday that it does not expect to meet its FY24 guidance of low single digit return on tangible equity due to additional write-downs.
Spectris buys US materials analysis firm Micromeritics for $630m
Precision measurement tools group Spectris is spending $630m to buy US-based Micromeritics Instrument Corporation to bolster its offering in particle characterisation for advanced materials analysis.