Company News
Vistry warns on profits again, shares tumble
Vistry tumbled on Thursday as it warned on full-year profits again, cutting its forecast for completions and highlighting issues at its South Division.
Bolt drivers win worker status
Rideshare firm Bolt's drivers have won their legal claim to be classified as workers, paving the way to both paid holidays and a minimum wage.
Director dealings: Haleon's Alan Stewart snaps up shares
Haleon revealed on Friday that non-executive director Alan Stewart had acquired 33,923 ordinary shares in the London-listed consumer healthcare business.
JLR's Q2 profits hit by aluminium supply problems
Second-quarter profits at auto giant Jaguar Land Rover fell by a tenth as the Coventry-based manufacturer was hit by aluminium supply constraints, though things are expected to pick up in the second half.
Teneo said to be hunting new backers at $2bn valuation
Advisory firm Teneo - which managed the insolvency of Bulb Energy in 2021 - is reportedly kicking off a hunt for new backers in a process that could value it at about $2bn (£1. 5bn).
Sony lifts sales targets after strong Q2
Japanese electronics giant Sony has lifted its full-year guidance on the back of strength in its gaming division, after second-quarter profits jumped more than 70%, comfortably beating analysts' forecasts.
Shares slide as Richemont results fail to sparkle
Shares in Richemont fell sharply on Friday, after the luxury goods giant missed expectations, weighed down by sluggish Chinese demand.
CMA calls for shake-up of baby formula market
UK watchdog the Competition and Markets Authority has called for a shake-up of the baby formula market in an effort to help parents struggling to afford it.
Scottish Mortgage lowers Nvidia stake
Investment trust Scottish Mortgage revealed that it has lowered its stake in AI-darling Nvidia on Friday as it warned of unsustainable costs related to the technology's adoption.
ABC Technologies receives PUSU deadline extension for TI Fluid Systems bid
Thermal management and fluid handling systems manufacturer TI Fluid Systems said on Friday that the PUSU deadline for ABC Technologies' proposed takeover had been extended to 22 November.
Rightmove tightens guidance, backs UK housing market
Rightmove tweaked its full-year forecasts on Friday, but remained upbeat about the long-term prospects for the UK housing market.
Serco loses £165m Australian contract, estimates big hit from NI tax changes
Serco issued a double whammy of bad news for investors on Friday, revealing that it has not been reselected for its long-running Australian immigration detention centres contract, and estimating changes to employer national insurance contributions will increase labour costs by £20m a year.
Workspace offloads Raynes Park industrial site for £20m
London-focused office owner and operator Workspace Group has disposed of another non-core asset with the sale of Raynes Park redevelopment site, the Rainbow Industrial Estate.
AstraZeneca "excited" by positive results in Tezspire clinical trial
AstraZeneca has announced positive high-level results from a phase III for its Texspire treatment for nasal polyps.
IAG Q3 revenues beat consensus, company announces 350m euro share buyback
IAG beat analysts' forecasts for topline growth in the third quarter and delivered strong guidance.