Company News
Gem Diamonds lifts output guidance as H1 profits more than double
Underlying profits at Gem Diamonds more than doubled in the first half as increases in production, as well as the number of larger gemstones recovered, was able to offset a dip in the average price per carat.
Greencore extends buyback by £10m
UK convenience food supplier Greencore Group said it was extending its current share buyback programme by £10m resulting in a total maximum of £40m being allocated.
Tastytrade co-founders Sosnoff and Sheridan sell 6.5m shares in IG Group
Jefferies said late on Wednesday that Tom Sosnoff and Scott Sheridan had sold 6. 5m IG Group shares in a placing to a limited number of institutional investors.
PPHE profits up despite art'hotel delays
Hotels group PPHE posted a jump in half-yearly profits and held guidance despite supply chain issues holding up full openings of new art’hotel properties in London and Rome.
Grafton Group launches £30m buyback as first-half profits fall
Grafton Group has unveiled a £30m share buyback as the building materials distributor and DIY retailer shows confidence in its full-year outlook despite a dip in profits and cashflow in the first half of 2024.
Ofgem closes probe into Drax reporting data
Ofgem has closed its probe into the biomass profiling data of Drax after investigating whether or not the power station group failed to meet sustainability criteria of so-called Renewable Obligation Certificates (ROCs).