Company News
Weaker sales of key drugs leads to mixed quarter for Novartis
Novartis reported a mixed third quarter on Tuesday, as the pharmaceutical giant lifted its profit outlook for the year but faced disappointing sales in key areas.
Elementis delivers 'improved performance' in Q3
Speciality chemicals business Elementis said on Tuesday that it had delivered an "improved performance" in Q3, with revenue up 2% year-on-year.
RWS returns to growth, currencies still a headwind
RWS Holdings reported a return to growth in the second half of the financial year just ended on Tuesday, supported by a strong performance in its AI-led solutions.
IQE chief executive Americo Lemos steps down
AIM-listed semiconductor firm IQE said on Tuesday that chief executive Americo Lemos has left the company with immediate effect.
Great Portland Estates acquires Fitzrovia property
Property development and investment firm Great Portland Estates has acquired 19/23 Wells Street in Fitzrovia from British Land for £19. 0m.
C&C reiterates full-year outlook despite washout summer
C&C Group said it remained on track to meet full-year expectations on Tuesday, despite washout summer weather hitting trading.
Serica Energy lowers guidance amid production interruption
Serica Energy reported an interruption in production via the Triton FPSO on Tuesday, following a potential dry gas seal failure identified in the ‘A’ gas compressor on 26 October.
Ultimate Products optimistic after 'resilient' year
Ultimate Products reported a ‘resilient’ financial performance for the year ended 31 July on Tuesday, in line with market expectations despite challenging conditions.
Vertu acquires Burrows Motor Company in £12.5m deal
Vertu Motors announced the acquisition of Burrows Motor Company on Tuesday, expanding its dealership network by nine outlets.
Pearson upbeat after strong third quarter
Educational publisher Pearson reiterated its full-year outlook on Tuesday, after an uptick in quarterly sales.
Hargreaves Lansdown posts positive quarter ahead of its acquisition
Hargreaves Lansdown reported a positive quarter for the three months ended 30 September on Tuesday, with assets under administration (AuA) reaching £157. 3bn.
Profits fall at BP on weaker oil demand
BP posted a slide in quarterly profits on Tuesday, hit by weaker refining margins, although the decline was not as steep as feared.