Company News
VH Global constructs, commissions two systems in Australia
VH Global Sustainable Energy Opportunities (GSEO) announced on Thursday that the construction and commissioning of two hybrid solar and battery storage systems in New South Wales, Australia had been completed.
Vodafone inks deal to potentially acquire Romania Telekom Mobile
Vodafone announced on Thursday that its Vodafone Romania subsidiary and Digi Romania have signed a memorandum of understanding (MoU) with the Hellenic Telecommunications Organization (OTE) concerning a potential acquisition of parts of Telekom Romania Mobile.
Sainsbury’s sells AFS cards portfolio to NewDay Group
Sainsbury’s said on Thursday that it has agreed to sell the Argos Financial Services (AFS) cards portfolio to NewDay Group for £720m.
Beer volumes disappoint at AB InBev
Shares in Anheuser-Busch InBev came under pressure on Thursday, after the brewing giant posted a sharper-than-expected drop in beer volumes.
Coca-Cola HBC reports strong third-quarter revenue growth
Coca-Cola HBC reported strong organic revenue growth of 13. 9% in its third quarter on Thursday, fuelled by focused execution throughout the summer period.
Spectris Q3 sales down
Precision instrumentation and controls group Spectris warned on Thursday that the recovery it had anticipated at the time of its H1 results was "taking longer to materialise".
Smith & Nephew cuts sales guidance on Chinese headwinds
Shares in Smith & Nephew tumbled on Thursday, after the medical devices firm slashed its full-year sales guidance on weaker-than-expected sales in China.
Kainos FY revenues to be 'moderately below' market views, shares slide
Kainos tumbled on Thursday as the IT services company said full-year revenues would be "moderately below" current market consensus, with the majority of the reduction flowing through to adjusted pre-tax profit.
Haleon 'on track' for full year, notwithstanding currency headwinds
Haleon reported organic revenue growth of 6. 1% for the third quarter on Thursday, driven by balanced increases in both price and volume/mix at 3. 3% and 2. 8% respectively, though reported revenue declined by 0. 6% due to currency impacts.
BHP has not moved on from pursuit of Anglo despite chairman's comments
BHP Group has issued a statement to clarify that it has not officially walked away from its pursuit of Anglo American after comments made by the miner's chairman at this week's annual general meeting.
Quarterly profits slip at Shell
Energy major Shell posted a dip in third-quarter profits on Thursday, weighed down by lower oil prices, although the decline was less steep than feared.
Ocado names tech veteran Adam Warby as chair designate
Online grocery tech provider Ocado Group has confirmed speculation that it is appointing former Microsoft exec Adam Warby to replace chair Rick Haythornthwaite, who announced his resignation six months ago.
China manufacturing activity expands for first time in six months
Manufacturing activity in China expanded in October for the first time since April, according to figures released on Thursday by the National Bureau of Statistics.