Company News
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Metro Bank in talks to offload consumer loan book portfolio
Metro Bank has confirmed it is in talks to offload its performing consumer loan portfolio, as part of a wider plan to refocus on commercial lending.
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Ricardo FY results hit by order delays, shares tumble
Ricardo shares tanked on Thursday as it said full-year results will be below consensus expectations due to order delays in several end markets.
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St James's Place reports strong end to 2024
St James’s Place reported a strong 2024 performance in an update on Thursday, with gross inflows rising 20% to £18. 41bn.
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Alfa Financial beats profit forecasts on Q4 sales jump
Asset finance software group Alfa Financial impressed the market with a strong uptick in top-line growth in the fourth quarter, helping profits to beat expectations.
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Shell Q4 profits miss expectations but dividend hiked
Oil giant Shell lifted its dividend on Thursday even as it posted a bigger-than-expected drop in fourth-quarter profits.
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Greencore makes 'positive start' to FY25, Q1 revenues up
Convenience food business Greencore said on Thursday that Q1 revenues were up after it made a "positive start to FY25 trading".
Saga lifts full-year profit expectations
Over-50s specialist Saga lifted its full-year profit expectations on Thursday as it said it had successfully refinanced its corporate debt in full.
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Rank boosts full-year profit guidance
Gambling and gaming operator Rank Group boosted its full-year guidance on Thursday, following strong trading over the Christmas and New Year holidays.
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DiscoverIE FY earnings seen in line with internal expectations
Electronic components manufacturer DiscoverIE said on Thursday that it remains on track to deliver full-year underlying earnings in line with internal expectations.
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Auction Technology Group reiterates guidance after in-line Q1
Online auction marketplace operator Auction Technology Group has maintained its annual guidance after an in-line first-quarter performance.
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Hollywood Bowl makes strong start to year after record Dec sales
Hollywood Bowl said it had made a strong start to the financial year with record revenue in the UK and Canada in December.
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Future appoints Kevin Li Ying as new CEO
Media group Future said on Thursday that it has appointed Kevin Li Ying as its new chief executive officer with effect from 31 March, succeeding Jon Steinberg.
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Serco acquires MT&S business from Northrop Grumman
Public services firm Serco has agreed to acquire Northrop Grumman's mission training and satellite ground network communications software business for $327. 0m in cash.
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Fever-Tree surges on Molson Coors strategic partnership
Shares of Fever-Tree Drinks surged on Thursday as it announced that Coors Light maker Molson Coors will buy an 8. 5% stake in the posh tonic maker for £71m in cash, with the proceeds set to be returned to shareholders via a share buyback programme.
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Glencore hits annual production targets as H2 output picks up
Mining and commodities giant Glencore delivered on its targets for 2024 production volumes on the back of stronger second-half performances from its key commodities.
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Airtel Africa reports solid Q3, launches second $100m buyback
Airtel Africa reported a strong operating performance for the nine months ended 31 December, with revenue growth of 20. 4% in constant currency, although reported revenue was down 5. 8% due to currency devaluations, as it launched a second $100m share buyback.
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BT revenues fall in Q3 amid weaker phone sales
Telecommunications giant BT said on Thursday that Q3 revenues had fallen amid weaker phone sales and a struggling business unit.
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3i Group on track after strong Q3 from Action
Private equity and infrastructure investor 3i Group said it is on track to deliver strong full-year results after a solid third quarter, driven by ongoing growth in flagship portfolio company Action.
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Sage reiterates guidance after solid growth in Q1
Corporate software group Sage said it has made a strong start its new financial year with revenues rising by a tenth in the first quarter, as all regions delivered solid growth.