Company News
Hammerson disposals lower profits but CEO gives upbeat outlook
Retail-focused property investor Hammerson reported a slight fall in adjusted profits in the first half as the company continues to sell off assets and cut debt amid ongoing declines in rental income and valuations.
Judges Scientific shares dive after profit warning
Shares in Judges Scientific plunged on Thursday after the AIM-quoted scientific instruments conglomerate warned on profits following "subdued" trading in the first half.
Great Portland Estates lets retail space on Mount Royal
Property development firm Great Portland Estates has let 20,000 square feet of retail space at the western end of Mount Royal in West London.
CMC Markets backs FY guidance after in line Q1
CMC Markets backed its full-year guidance on Thursday as it said trading in the first quarter was in line with management’s expectations.
Centrica profits drop in 'normalising' market conditions
British Gas owner Centrica said on Thursday that it was extending its share buyback programme as it posted a drop in first-half profits in what it called a more "normalised" external environment.
CAB Payments confident despite tough market conditions
CAB Payments said in an update on Thursday that despite facing challenging market conditions, it achieved a 4% increase in total volume levels to £17. 6bn in the first half, compared to £16. 9bn in the first six months of 2023.
Howden Joinery H1 profits slightly higher amid 'challenging' conditions
Kitchens and joinery products supplier Howden Joinery Group said on Thursday that interim profits had only slightly risen as it continued to navigate "challenging" UK market conditions.
HICL Infrastructure on track to meet dividend target
HICL Infrastructure reported a solid operational performance alongside strategic financial manoeuvres in an interim update on Thursday.
Alliance Trust posts solid first-half performance
Alliance Trust announced a solid investment performance for the first half of 2024 on Thursday, with increases in both its share price and net asset value (NAV).
British American Tobacco H1 group revenues fall, smokeless revenue rises
Tobacco group British American Tobacco said on Thursday that smokeless revenues had grown in H1 but stated overall revenues had fallen as a result of the divestment of its Russian and Belarusian business and FX headwinds.
Relx reports robust first-half growth
Business information specialist Relx reported a robust set of first-half results on Thursday, underscoring strong underlying growth and reaffirming its positive full-year outlook.
Centamin free cash flow doubles in 1H, triples in Q2
Egypt-focused Centamin saw its free cash flow double during the first half of the year as prices for the yellow metal continued moving higher.
Anglo American revenue, earnings slip as it focuses on costs
Anglo American reported $5bn in underlying EBITDA for the first half of 2024 on Thursday, down 3% year-on-year, after a strong operational performance that it said largely counterbalanced a 10% decrease in the average product basket price.
IG Group FY profits fall amid reduced trading activity
IG Group reported a drop in full-year profits and revenue on Thursday, pointing to reduced trading activity.
Rentokil Initial lowers FY profit guidance, shares head south
Pest-control business Rentokil Initial shares headed south early on Thursday after the group pointed to issued lower full-year profit guidance as a result of a heightened level of investment in H2.
Indivior shares rebound on $100m buyback plan
Indivior's share price surged on Thursday after the pharma group announced plans for $100m share buyback following a strong first-half performance, with second-quarter revenues in line with recent guidance.
Unilever H1 underlying earnings grow
Consumer goods company Unilever said on Thursday that underlying earnings had grown in the six months ended 30 June as the group remained focussed on driving high-quality sales growth and gross margin expansion.
ITV first-half profit rises even as revenues dip
Broadcaster ITV posted a jump in first-half profits on Thursday even as revenue dipped, boosted by the Euros and Love Island.
Airtel Africa grows customer base but FX dampens Q1 results
India-owned, Africa-focused telecoms group Airtel Africa saw first-quarter revenues rise by almost a fifth at constant currencies, but reported sales dropped sharply due to the ongoing currency devaluation in Nigeria.
AstraZeneca hikes full-year guidance after strong first half
AstraZeneca revised its full-year 2024 guidance upwards on Thursday, anticipating mid-teens percentage growth in both total revenue and core earnings per share at constant exchange rates.