Company News
Friday preview: US PCE inflation data, NatWest Group in focus
All eyes at the end of the week will be on the latest US inflation numbers.
Director dealings: Armadale Capital technical director raises stake
Armadale Capital revealed on Thursday that technical director Matt Bull had acquired 14. 28m ordinary shares in the AIM-listed investment group.
KKR to buy Instructure Holdings in $4.8bn deal
Instructure Holdings said on Thursday that it has agreed to be bought by investment funds managed by KKR in a $4. 8bn cash deal.
Tate & Lyle pleased by volume momentum
Tate&Lyle reported an increase in operating profits at the start of its 2025 fiscal year.
Victoria still facing uncertain demand across most markets
Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year. #.
FCA fines Coinbase £3.5m for money laundering failures
The Financial Conduct Authority said on Thursday that it has fined Coinbase just over £3. 5m for allowing high-risk customers to use its services.
American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
Nestle cuts full-year sales outlook
Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
Cineworld to cut hundreds of jobs in restructuring - report
Cineworld will reportedly unveil a sweeping overhaul this week that will cost hundreds of jobs and reduce its British footprint by at least a quarter.
Apollo nearing £2.7bn acquisition of Evri - report
Private equity firm Apollo Global Management is reportedly on the brink of a deal to buy UK parcel delivery firm Evri in a £2. 7bn deal.
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
HSBC, Lloyds among banks found in violation of CMA rules
Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.
De La Rue loss before tax narrows in difficult market
Authentication and currency solutions specialist De La Rue reported total revenue of £310. 3m in its full-year results on Thursday, marking an 11. 3% decline from £349. 7m in the prior fiscal year, primarily due to a downturn in the currency industry.
JTC on track after record new business wins in first half
Fund and corporate administration services firm JTC hailed record new business wins in the first half as it made a positive start to its so-called "Cosmos era" business plan.
CVS Group flags lower full-year sales growth
Listed veterinary service provider CVS Group said in an update on Thursday that it achieved growth of around 10% in full-year revenue for continuing operations, with like-for-like sales increasing 2. 9%, compared to 7. 3% in the 2023 financial year.
Kering first-half revenues drop, H2 operating income to fall 30%
Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
Mitchells & Butlers Q3 sales growth remains ahead of market
Pub group Mitchells & Butlers said on Thursday that Q3 growth had remained ahead of the market.
Everyman upbeat about upcoming releases as H1 profits rise
Everyman Media shares bounced back following recent falls on Thursday after the cinema chain pointed to improving conditions in the second half on the back of a strong pipeline of releases.
Revolut gets UK banking licence
London-based fintech Revolut said on Thursday that it has received a UK banking licence from the Prudential Regulation Authority (PRA).
Virgin Wines FY EBITDA, pre-tax profit ahead of market views
AIM-listed Virgin Wines said on Thursday that full-year EBITDA and pre-tax profit were ahead of market expectations despite a challenging backdrop.