Company News
Frasers abandons pursuit of Mulberry, shares slump
Mike Ashley’s Frasers Group said on Wednesday that it was abandoning its pursuit of luxury handbag maker Mulberry.
Thursday preview: Global PMIs, Barclays in focus
Investors' focus on Thursday will be on a raft of purchasing manager survey results due out in the UK, euro area US.
PRS Reit launches strategic review, could put itself up for sale
PRS Reit said on Wednesday that it was launching a strategic review that could lead to it putting itself up for sale as it looks to enhance value for shareholders.
Boeing losses deepen on machinist strike, programme charges
Boeing reported a significant widening of its losses in the third quarter on Wednesday, driven by a combination of work stoppages, higher costs, and programme charges.
Image Scan ends year in strong position
Image Scan reported a strong trading performance for the financial year just ended on Wednesday, with profits set to meet market expectations.
Cordel AI overhead measuring tech gets Network Rail approval
Cordel Group announced on Wednesday that Network Rail has granted approval for the use of its AI-powered technology to measure overhead line equipment (OLE) on electrified railway lines.
Coca-Cola sees FY organic sales at high end of guidance
Coca-Cola said on Wednesday that full-year organic sales were set to be at the high end of its previous guidance range.
WPP returns to growth in third quarter
Advertising giant WPP said on Wednesday that it returned to growth in the third quarter, as it reiterated its outlook for the year.
Heathrow ups full-year passenger forecasts after bumper summer
Heathrow Airport reported a 12. 6% increase in profit before tax to £696m for the first nine months of the year on Wednesday, driven by record passenger numbers during a bustling summer of sport and music.
BP Marsh upbeat on first-half performance
BP Marsh reported a strong first-half performance on Wednesday, achieving a total shareholder return of 12. 1% for the six months ended 31 July, driven by growth in net asset value and dividends paid in March, May and July.
CMA launches formal probe into Carlsberg's £3.3bn acquisition of Britivc
The Competition and Markets Authority said on Wednesday that it was launching a formal probe into Carlsberg’s £3. 3bn acquisition of Britvic.
Gem Diamonds reports solid quarter for operations, sales
Gem Diamonds reported a solid third quarter operational and sales performance on Wednesday, achieving higher sales volumes and revenue compared to the prior quarter.
Deutsche Bank swings back to profits in third quarter
Deutsche Bank returned to profitability in the third quarter, it emerged on Wednesday, as it reported a net profit of €1. 46bn, surpassing analyst expectations of €1. 05bn.
Barratt Redrow on track for £90m of synergies
Barratt Redrow highlighted "more stable" market conditions on Wednesday, as it said integration of the two businesses has begun "at pace" and that it expects to deliver cost synergies of at least £90m.
British Land appoints David Walker as CFO
British Land said on Wednesday that it has appointed David Walker as its new chief financial officer, following "a comprehensive search and review of internal and external candidates".
Lloyds beats forecasts as Q3 profits fall less than expected
Lloyds has reported a slight decline in statutory profits over the third quarter but still managed to beat consensus forecasts, as the banking group reiterated guidance for the full year.
Alpha Group client balances rise, interest rates stable
Alpha Group International updated the market on its client balances and interest rates for the third quarter on Wednesday, which contribute to its net treasury income from client funds.
Reckitt on track despite struggles in US nutrition business
Reckitt Benckiser reported marginal like-for-like net revenue growth of 0. 4% for the first three quarters of 2024 on Wednesday, though it faced a slight decline of 0. 5% in the third quarter.
Diversified Energy inks Gulf Coast natural gas supply contract
Diversified Energy Company announced a new natural gas supply contract with a major Gulf Coast liquefied natural gas (LNG) facility on Wednesday.
Hochschild delivers strong Q3 as production guidance maintained
Precious metals miner Hochschild Mining has maintained its full-year production guidance after reporting its strongest third quarter in nearly five years.