Headline News
PayPal lifts full-year forecast after bumper second quarter
PayPal reported a strong set of second-quarter results on Tuesday, surpassing analyst expectations, as it hiked its full-year earnings forecast.
Pfizer lifts outlook on strong Q2 sales
US pharma giant Pfizer lifted its full-year profit forecast on Tuesday after second-quarter sales of its Covid vaccine and antiviral treatment came in better than expected, along with contributions from new cancer treatments and sales of its heart disease drug.
Ocado prices £250m guaranteed bonds, £350m unsecured notes
Ocado Group announced the successful pricing of its £250m guaranteed senior unsecured convertible bonds on Tuesday, due 2029.
AstraZeneca prices EUR 1.4bn eurobond offering
AstraZeneca announced on Tuesday that its wholly owned subsidiary, AstraZeneca Finance, priced a €1. 4bn eurobond offering on 29 July.
AG Barr backs full-year expectations as H1 sales rise
Irn-Bru maker AG Barr backed its expectations for the full year on Tuesday as it said revenue for the first half was set to rise versus the same period a year earlier.
WPP appoints ex BT boss Philip Jansen as new chair
Advertising firm WPP said on Tuesday that it has appointed Philip Jansen - the former chief executive of BT Group - as its new chairman.
Games Workshop posts solid growth in revenue, profit
Games Workshop Group reported significant growth in both revenue and profit in its annual report on Tuesday, with core revenue rising to £494. 7m, from £445. 4m.
Essentra returns to growth in Q2, first-half revenue slips
Essentra reported a return to growth in its second quarter on Tuesday, and maintained its full-year expectations.
Revenue, operating profit falls amid challenging market for Bodycote
Bodycote reported a mixed first-half performance on Tuesday, amid a challenging market, as organic revenue grew by 1. 5% excluding surcharges, while total revenue declined 5% to £399m due to lower surcharges and foreign exchange headwinds.
Ascential tops first-half expectations after agreeing takeover by Informa
Events and business information company Ascential announced a solid set of first half results on Tuesday, surpassing market expectations.
Inchcape reports first-half growth after agreeing sale of retail arm
Inchcape reported a resilient first-half financial performance on Tuesday, with revenue growing 8% at constant currency and 4% on a reported basis, to £4. 7bn.
ConvaTec reiterates guidance after first-half revenue growth
Woundcare and medical products and technology specialist ConvaTec announced a robust set of interim results on Tuesday, with broad-based organic revenue growth of 6. 6%.
Croda cuts full-year profit outlook
Chemicals company Croda cut its full-year profit outlook on Tuesday as it pointed to a weaker-than-expected performance in life sciences, with continued destocking in crop protection and consumer health.
Senior inks five-year supply deal with Rolls-Royce
Components and systems manufacturer Senior announced a significant five-year contract with Rolls-Royce on Tuesday.
Paragon holds guidance as volumes, margins perform
Paragon Bank confirmed full-year guidance as volumes margins and costs during the third quarter were in line with expectations.
Glencore to reveal decision on coal demerger next week
Commodities miner and trader Glencore held annual production guidance and said it would reveal whether a planned demerger of its coal and carbon steel assets would go ahead at interim results next week.
Greggs benefits from expanded range as interim profits rise
Bakery chain Greggs lifted its interim dividend on Tuesday as it reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
BHP, Lundin bid $3.25bn bid for Filo to expand copper presence
Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada’s Lundin Mining which in turn would offer $3. 25bn to acquire Filo Corp.
Diageo profits hit by weaker performance in Latin America, Caribbean
Diageo reported a drop in full-year organic operating profit on Tuesday as it pointed to a weaker performance in Latin America and the Caribbean (LAC).
Standard Chartered unveils $1.5bn share buyback as profits beat estimates
Asia-focused bank Standard Chartered on Tuesday unveiled its biggest-ever share buyback and lifted guidance as interim earnings beat estimates.