Company News
Friday preview: US data, NatWest Group in focus
Investors' focus on Friday will continue to be on the US.
Director dealings: Pinewood Technologies director makes share purchase
Pinewood Technologies revealed on Thursday that non-executive director Nicola Flanders had acquired 5,714 ordinary shares in the London-listed software firm.
Thames Water creditors said to have offered alternative financial lifeline
A group of Thames Water creditors have reportedly proposed an alternative liquidity package of up to £3bn to give the British utility more time to seek a restructuring of its debt.
Intel wins 15-year legal battle over massive EU fine
Intel emerged victorious in a lengthy legal battle with the European Union on Thursday, as the bloc's top court ruled in its favour, dismissing a €1. 06bn antitrust fine.
Greencoat UK Wind expands portfolio, completes £725m refinancing
Greencoat UK Wind updated the market on its third quarter on Thursday, reporting that as of 30 September, its unaudited net asset value stood at £3. 6bn, or 158. 6p per share.
Applied Nutrition floats with £350m valuation
Sports health business Applied Nutrition - which is backed by JD Sports - said on Thursday that it has been valued at around £350m in its stock market debut.
Seadrill shares jump on Transocean merger rumours
Stock futures of offshore drilling companies Transocean and Seadrill were rising on Thursday on reports that the sector rivals were considering a potential merger.
Hermès withstands luxury slowdown as Q3 sales jump 11%
French fashion and accessories giant Hermès managed to grow quarterly sales by more than a tenth despite the wider luxury-market slowdown, as it was able to shrug off weak demand in China.
Renishaw delivers 'solid revenue and profit growth' in Q1
Manufacturing technologies business Renishaw said on Thursday that it had delivered "solid revenue and profit growth" in Q1 despite trading conditions being "mixed".
Renault maintains guidance after third quarter growth
Renault Group reported a 1. 8% rise in third-quarter revenue on Thursday, to €10. 7bn, surpassing analyst forecasts, driven by strong demand for new models like the Symbioz and Dacia Duster hybrid SUV.
IPF trading towards full-year guidance as Poland challenges stabilise
International Personal Finance reported a strong third-quarter financial performance on Thursday, supporting its full-year profit before tax (PBT) guidance issued at its interim results.
Softcat shares jump on special dividend, upbeat outlook
London-listed IT infrastructure services provider Softcat impressed investors with its annual results on Thursday as the company revealed a special dividend payment following strong cash generation in the year to 31 July.
Essentra FY adjusted operating profits seen in line with market expectations
Essential components manufacturer Essentra said on Thursday that FY24 adjusted operating profits would be in line with market expectations.
Foxtons posts third consecutive quarter of revenue growth
Foxtons Group reported its third consecutive quarter of revenue growth on Thursday, with third-quarter revenue up 8% to £47. 4m, compared to £43. 9m in the same period of 2023.
Bunzl Q3 group revenues grow, reiterates FY guidance
Distribution and outsourcing firm Bunzl said on Thursday that group revenue had grown in Q3, leading it to reiterate its FY guidance.
Assura offloads 12 assets for £25m
Assura announced the disposal of 12 assets for £25m on Thursday, in line with book value, to contribute to a partial repayment of its revolving credit facility.
Eurowag reports strong year-to-date performance
WAG Payment Solutions, trading as Eurowag, reported a strong financial performance for the first nine months of the year on Thursday, with total net revenue growing 17. 4% to €215. 7m.
Inchcape continues to expect 'moderated growth' in FY24
Automotive distributor Inchcape said on Thursday that it continues to expect "moderated growth" in FY24 but warned that its results would be impacted by translational foreign exchange headwinds during H2, including the devaluation of the Ethiopian Birr.
Indivior confident after strong third quarter
Addiction treatment specialist Indivior reported a strong third-quarter performance on Thursday, with total net revenue increasing 13% to $307m compared to the same period last year, after it recently updated its full-year guidance.
Abrdn sees persistent outflows in investments and adviser divisions
Abrdn shares were sliding on Thursday morning, after it said in an update that it continued to experience outflows in its investments and adviser divisions in the third quarter, despite efforts to address the challenges.