Headline News
Superdry planning potential emergency sale process - report
Superdry is reportedly preparing to run an emergency four-week sale process if creditors block its founder's plans to inject up to £10m of his own money into the fashion chain in a bid to stave off insolvency.
Manufacturing output volumes rise for first time since Nov 2022 - CBI
Output volumes in the UK manufacturing sector rose in the three months to May for the first time since November 2022, according to the latest Industrial Trends survey from the Confederation of British Industry.
Shoe Zone cuts full-year profit outlook, shares slide
Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Entain to offload Crystalbet after strategic review
Gambling giant Entain announced the end of a strategic review by its capital allocation committee (CapCo) on Tuesday, which assessed its portfolio to optimise shareholder value and leverage operational progress, confirming that it would now look to offload its Georgian brand Crystalbet.
Pennon reports revenue growth amid Brixham water crisis
Embattled water utility Pennon Group reported strong financial and operational results for the 2024 financial year on Tuesday, but worked to reassure shareholders and customers amid a contamination crisis in its supply area.
UK grocery price inflation eases to lowest since October 2021 - Kantar
UK grocery price inflation fell for the fifteenth month in a row in the four weeks to 12 May, to 2. 4%, its lowest level since October 2021, according to data released on Tuesday by Kantar.
Assura reports rent growth, enters £250m joint venture
Specialist healthcare property investor and developer Assura reported a rise in full-year net rental income on Tuesday, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).
SSP reinstates interim dividend but profits drop
Upper Crust and Ritazza owner SSP was under the cosh on Tuesday as it reinstated its interim dividend but posted a drop in first-half profits.
Cranswick FY profits rise as investment bears fruit
Food producer Cranswick posted a jump in full-year profit and revenue on Tuesday as its investment programme bears fruit.
Fresnillo optimistic despite 'challenging environment'
Fresnillo reported increased silver production and gold output in line with guidance in an update on Tuesday, despite the nearing end of the Noche Buena mine, although its gross profit took a hit in 2023.
GSK reports promising results from asthma treatment trials
GSK announced promising results from phase three clinical trials evaluating the efficacy and safety of depemokimab in treating severe asthma with type 2 inflammation on Tuesday.
XP Power rejects £468m takeover proposal from Advanced Energy
Advanced Energy said on Tuesday that it has made three possible all-cash offers for XP Power, the last of which valued the group at £468m.