Company News
Bank of Canada cuts rates again
The Bank of Canada on Wednesday cut its key policy rate for the second month in a row, as expected, and said it would trim again if inflation continued to fall.
Director dealings: Jubilee Metals CEO raises stake
Jubilee Metals revealed on Wednesday that chief executive officer Leon Coetzer had acquired 625,000 ordinary shares in the Africa-focussed metals processor.
Ascential shares soar after £1.2bn bid from Informa
Publishing and exhibitions group Informa on Wednesday said it was buying rival Ascential in an agreed £1. 2bn deal.
Tortilla Mexican Grill warns on FY profits
Shares in fast-food restaurant chain Tortilla Mexican Grill slumped on Wednesday after the group warned that steps taken to boost profitability were taking longer than expected to bear fruit.
Nichols lifts expectations after bumper first half
Soft drinks maker Nichols reported continued strong trading in its interim results on Wednesday, underpinned by the delivery of its strategic priorities, as it lifted its adjusted profit expectations for the full year.
Greencore shares up as FY forecasts lifted
Shares in Greencore rose on Wednesday as the Ireland based convenience food company upgraded full-year earnings guidance as it reported a rise in revenue and continued improvement in profit conversion.
FRP Advisory full-year revenue, earnings rise
FRP Advisory Group reported significant growth and resilience in its full-year results on Wednesday, maintaining its strategic focus on organic growth supplemented by selective acquisitions.
Deutsche Bank halts buyback plan as H1 profits sink
Deutsche Bank shares tanked on Wednesday after the German bank paused its share buyback programme amid a sharp decline in first-half profits following a big charge relating to its 2010 takeover of Postbank.
Expanded Breedon Group posts strong first half
Construction materials group Breedon reported a robust first-half performance on Wednesday despite challenging market conditions, driven by strategic progress and operational efficiency.
Aston Martin flags big second-half recovery in interim results
Shares in Aston Martin Lagonda were in the green on Wednesday morning, after it reiterated its 2024 guidance in its half-year results, including positive free cash flow in the second half.
Alfa Financial Software confident after decent first-half
Alfa Financial Software said in an update on Wednesday that during the second quarter, it continued a strong operational performance, with six customer deliveries building on the seven deliveries from the first quarter.
Greencoat UK Wind pleased with 'resilient' first half
Wind farm-focussed infrastructure fund Greencoat UK Wind said in its half-year results on Wednesday that its investments generated 2,654 GWh of renewable electricity in the first half of the year.
Primary Health Properties adjusted earnings rise, asset value narrows
Primary Health Properties reported a 2. 9% increase in adjusted earnings per share in its interim results on Wednesday, now at 3. 5p, compared to 3. 4p for the same period in 2023.
Volution hikes earnings expectations ahead of year-end
Air quality technology designer and manufacturer Volution upgraded its expectations for the financial year about to end on Wednesday, anticipating adjusted earnings per share to be slightly ahead of current market forecasts, driven by strong performance in the UK residential sector.
Grainger acquires £31m build-to-rent asset in Manchester
Listed residential landlord Grainger announced the acquisition of The Astley, a £31m build-to-rent asset in Manchester, on Wednesday.
Hochschild Mining reports robust first-half production
Hochschild Mining reported robust first-half production numbers and a solid financial position in an update on Wednesday, having produced 103,752 ounces of gold and 4. 1 million ounces of silver, amounting to 152,792 gold equivalent ounces and 12. 7 million silver equivalent ounces.
RHI Magnesita revenue stable amid challenging market
Refractory products specialist RHI Magnesita reported stable revenue and resilient margins in its half-year results on Wednesday, despite a challenging demand environment.
Fresnillo says on track to meet FY guidance
Gold and silver miner Fresnillo said it was on track to meet full year guidance after strong second quarter production.
Third-quarter profits rise 16pc at easyJet
Low-cost carrier easyJet reported a significant year-on-year improvement in its third-quarter financial performance on Wednesday, with a 16% increase in headline profit before tax, amounting to £236m.
Mitie doubles share buyback to £100m
Facilities group and government contractor Mitie said it was doubling its share buyback programme, to £100m after good momentum in the first quarter of its fiscal year.