Company News
Wednesday preview: US Fed, HSBC in the spotlight
Trading was likely to remain restrained on Wednesday as investors waited on the Federal Reserve's policy announcement after the close of London markets.
Director dealings: Franchise Brands director raises stake
Franchise Brands revealed on Tuesday that senior independent non-executive director Peter Kear had acquired 57,500 ordinary shares in the AIM-listed multi-brand franchisor.
P&G misses the mark with fourth-quarter sales
Procter & Gamble's stock took a hit on Tuesday after the American consumer goods giant underwhelmed investors with its quarterly sales figures.
Vinted planning $500m share sale - report
Online marketplace Vinted has reportedly launched a share sale that could value it at as much as $5bn (£3. 9bn).
PayPal lifts full-year forecast after bumper second quarter
PayPal reported a strong set of second-quarter results on Tuesday, surpassing analyst expectations, as it hiked its full-year earnings forecast.
Pfizer lifts outlook on strong Q2 sales
US pharma giant Pfizer lifted its full-year profit forecast on Tuesday after second-quarter sales of its Covid vaccine and antiviral treatment came in better than expected, along with contributions from new cancer treatments and sales of its heart disease drug.
XLMedia H1 revenues slump following Gambling.com sale
Digital media firm XLMedia said on Tuesday that interim revenues had slumped following its $37. 5m sale of Gambling. com.
Tesla recalls 1.8m cars over bonnet latch issue
Electric car giant Tesla was forced to update the software of more than 1. 8m vehicles in the US after a software issue relating to the bonnet opening latch.
Uniphar flags positive first-half performance
Healthcare services business Uniphar announced a positive unaudited trading update for the six months ended 30 June on Tuesday.
Yellow Cake NAV per share narrows as uranium prices slip
Uranium investor Yellow Cake said in an update on Tuesday that during the June quarter, the spot price of uranium saw a slight decline of 1. 8%, from $87. 00 per pound on 31 March to $85. 50 on 28 June.
SigmaRoc ends first half ahead of expectations
Lime and limestone specialist SigmaRoc reported a first-half performance ahead of expectations in an update on Tuesday.
Citi puts Flutter Entertainment shares on ‘positive catalyst watch’
Citi opened a 30-day "positive catalyst watch" on shares of Flutter Entertainment on Tuesday ahead of its results on 13 August.
Somero lowers expectations after tough first half
Somero Enterprises said in a trading update on Tuesday that, while the broad US non-residential construction market remained healthy, its recent trading in North America had been impacted by project start delays and pauses due to elevated interest rates, labour shortages and concrete rationing.
Fintel flags solid first-half revenue, earnings growth
Fintech and support service provider Fintel flagged a 13. 3% increase in first-half core revenue on Tuesday, reaching £31. 2m.
Xaar shares drop as "challenging" conditions hit H1 sales
Shares in Xaar dropped on Tuesday after the inkjet printing tech group guided to a 16% drop in revenues for the first half.
Seeing Machines system gets approved for Wrightbus
Driver monitoring technology specialist Seeing Machines announced the successful approval of its Guardian Generation 3 driver monitoring solution for Wrightbus, the UK's largest electric bus manufacturer, on Tuesday.
Forterra slashes dividend after challenging first half
Forterra reported a challenging first half on Tuesday, with revenue falling 11. 5% year-on-year to £162. 1m as the UK brick industry saw a 9% decline in despatches, and its own despatches in line with that trend.
Ocado prices £250m guaranteed bonds, £350m unsecured notes
Ocado Group announced the successful pricing of its £250m guaranteed senior unsecured convertible bonds on Tuesday, due 2029.
Severfield trading in line with expectations
Structural steel company Severfield said in an update on Tuesday that trading since the start of the financial year had met expectations.
Sabre Insurance upbeat on first half growth
Motor insurance underwriter Sabre Insurance Group reported a strong set of half-year results on Tuesday, with substantial year-on-year profit growth and healthy gross written premium levels at target margins.