Company News
Thursday preview: BoE rate decision, BAE Systems in focus
Investors' focus on Thursday will be squarely on an anticipated interest rate reduction by the Bank of England.
Director dealings: Hercules Site Services CFO snaps up shares
Hercules Site Services revealed on Wednesday that chief financial officer Paul Wheatcroft had acquired 24,000 ordinary shares in the AIM-listed tech-enabled labour supplier to the UK infrastructure sector.
HSBC unveils $3bn buyback as profits rise in CEO Quinn's last results
HSBC on Wednesday said it would start a $3bn share buyback after the Asia-focused bank reported estimate-busting interim profits in its final set of results under chief executive Noel Quinn.
Boeing posts wider-than-expected loss, names new CEO
Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
Airbus profits slump on massive space business writedown
European plane maker Airbus reported a steep fall in second-quarter profit after a massive write down of its space business of almost €1bn.
Reach shares jump as job cuts, Euros, Taylor Swift tour boost profits
Shares in Daily Mirror publisher Reach jumped on Wednesday as the company said it was on track to meet annual guidance after the European football championship, Taylor Swift’s Eras Tour and the UK General Election boosted advertising revenues.
Oncology revenue drives first-half growth for Hutchmed
Hutchmed China reported a robust set of first-half financial results on Wednesday, underpinned by significant growth in oncology product revenue and a solid cash position to support ongoing expansion.
Greatland Gold reports recent progress at Havieron
Greatland Gold reported significant progress in the development of its Havieron project during the June quarter on Wednesday, alongside outlining an extensive exploration program for the 2025 financial year.
IQE planning to float minority stake in Taiwan subsidiary
Compound semiconductor wafer and advanced material specialist IQE announced its intention to pursue an initial public offering (IPO) for its Taiwanese operating subsidiary IQE Taiwan on the Taiwan Stock Exchange (TWSE) on Wednesday.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
DuPont hikes guidance as semiconductor demand drives strong Q2 beat
Shares in DuPont de Nemours were rising strongly in pre-market trade on Wednesday after the American chemicals company beat both profit and revenue estimates in its second quarter, and raised its full-year projections.
Picton Property reports stable net asset value
Picton Property Income reported a stable net asset value of £524. 1m for the quarter ended 30 June on Wednesday, a slight decrease from £524. 5m in the prior three months.
GlobalData upbeat on first half results
Data, analytics, and insights specialist GlobalData reported a solid set of first-half results on Wednesday, highlighted by an 8% increase in adjusted EBITDA to £57. 8m, driving an improved EBITDA margin of 41%, up from 39% in the first half of 2023.
Endeavour to return $435m to shareholders over next two years
Africa-focused gold miner Endeavour Mining said on Wednesday that it would payout no less than $435. 0m via dividend payments over the next two years as it revealed it remained on track to deliver full-year production at costs near the top end of guidance.
Restore reports steady first-half performance
Information management and lifecycle solutions provider Restore reported a steady first-half financial performance on Wednesday, with group revenue remaining largely unchanged at £139. 4m, compared to £139. 6m in the same period last year.
Ricardo ends financial year with strong momentum
Shares in Ricardo were advancing on Wednesday the environmental and engineering consultancy said it saw a recovery in profitability in the second half, and has entered the new financial year in a strong position.
International Personal Finance upgrades expectations, launches buyback
International Personal Finance (IPF) announced a solid set of first-half results on Wednesday, upgrading its full-year expectations after a significant increase in profits, alongside a new share buyback programme aimed at enhancing shareholder value.
FDM slashes dividend as first-half profits halve
IT consulting group FDM slashed its interim dividend after profits halved in the first half on the back of ongoing touch market conditions, but said that full-year results should still be in line with current forecasts.
ASML surges on report US will exempt allies from China chip restrictions
Dutch chip equipment maker ASML surged on Wednesday following a report it will be exempt from new US rules on foreign chip equipment exports.