Company News
Jupiter Fund Management reports dip in 1H AuM
Jupiter Fund Management reported a dip in assets under management for the first half of the year.
Director dealings: Assetco director raises stake via Harwood interest
Assetco revealed on Friday that director Christopher Mills had purchased 2. 65m ordinary shares in the AIM-listed wealth management firm.
Man Group posts jump in 1H AuM, says business in 'great shape'
Man Group reported a jump in assets under management over the first half of the year and said the business was in "great shape" heading into the back half of 2024.
Apollo to buy IGT Gaming and Everi in $6.3bn deal
Apollo Global Management has agreed to buy International Game Technology’s gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6. 3bn cash deal.
3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
Co-operative Bank interim profits drop
The Co-operative Bank posted a drop in interim profits on Friday ahead of its planned merger with Coventry Building Society.
Law Debenture delivers 'solid' overall first-half performance
Law Debenture Corporation reported a robust first-half performance in both its investment and independent professional services (IPS) business on Friday.
Taylor Maritime reports solid quarterly NAV return
Taylor Maritime Investments reported an unaudited net asset value of $1. 52 per share as of 30 June in its quarterly update on Friday, up from $1. 48 at the end of March, representing a total return of 4. 3% for the quarter.
Drivers pay £1.6bn too much in weak petrol market - CMA
The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1. 6bn more than they should have in 2023.
GCP Infrastructure reports slight decrease in NAV per share
GCP Infrastructure Investments said in an update on Friday that its unaudited net asset value per share was 107. 58p as at 30 June, a slight decrease from 107. 62p at the end of March.
National Grid sells final 20pc interest in National Gas
National Grid announced the sale of its final 20% equity interest in National Gas to its current majority owners on Friday, consisting of a consortium of long-term infrastructure investors led by Macquarie Asset Management.
Record reports 'solid start' to financial year
Specialist currency and asset manager Record reported an increase in assets under management for its first quarter on Friday.
Keywords Studios confident of delivering ‘good’ revenue growth in 2024
Keywords Studios said on Friday that it remains confident in delivering "good" overall revenue growth in 2024, with the performance expected to be weighted to the second half.
Segro reports continued rental growth in its first half
Segro reported a strong financial performance and continued rental growth in its half-year results on Friday.
DiscoverIE sales down in Q1
Electronic components manufacturer DiscovierIE said on Friday that Q1 trading was in line with guidance and that FY underlying earnings expectations remained unchanged.
FirstGroup trading as expected as chairman steps down
FirstGroup said in an update on Friday that its trading in the financial year-to-date remained in line with the expectations set out in its full-year results in June, as it also announced the retirement of chairman David Martin.
Computacenter H1 profits to drop; £200m share buyback announced
Computacenter said on Friday that it was expecting to report a drop in first-half profit due to the delay of the fulfilment of some orders in North America, as it announced a £200m share buyback programme.
Petershill Partners aggregate partner-firm AuM grows in H1
Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
Drax posts jump in 1H profits
Drax Group posted a big jump in interim profits, alongside lower debt and higher dividends.
NatWest Group posts drop in 1H profits, Chancellor mulls share sale
NatWest Group posted a decline in interim profits as net interest margins fell and costs rose, but raised its full-year income guidance.