Headline News
Frasers abandons pursuit of Mulberry, shares slump
Mike Ashley’s Frasers Group said on Wednesday that it was abandoning its pursuit of luxury handbag maker Mulberry.
Boeing losses deepen on machinist strike, programme charges
Boeing reported a significant widening of its losses in the third quarter on Wednesday, driven by a combination of work stoppages, higher costs, and programme charges.
Coca-Cola sees FY organic sales at high end of guidance
Coca-Cola said on Wednesday that full-year organic sales were set to be at the high end of its previous guidance range.
WPP returns to growth in third quarter
Advertising giant WPP said on Wednesday that it returned to growth in the third quarter, as it reiterated its outlook for the year.
Heathrow ups full-year passenger forecasts after bumper summer
Heathrow Airport reported a 12. 6% increase in profit before tax to £696m for the first nine months of the year on Wednesday, driven by record passenger numbers during a bustling summer of sport and music.
CMA launches formal probe into Carlsberg's £3.3bn acquisition of Britivc
The Competition and Markets Authority said on Wednesday that it was launching a formal probe into Carlsberg’s £3. 3bn acquisition of Britvic.
Deutsche Bank swings back to profits in third quarter
Deutsche Bank returned to profitability in the third quarter, it emerged on Wednesday, as it reported a net profit of €1. 46bn, surpassing analyst expectations of €1. 05bn.
Barratt Redrow on track for £90m of synergies
Barratt Redrow highlighted "more stable" market conditions on Wednesday, as it said integration of the two businesses has begun "at pace" and that it expects to deliver cost synergies of at least £90m.
British Land appoints David Walker as CFO
British Land said on Wednesday that it has appointed David Walker as its new chief financial officer, following "a comprehensive search and review of internal and external candidates".
Alpha Group client balances rise, interest rates stable
Alpha Group International updated the market on its client balances and interest rates for the third quarter on Wednesday, which contribute to its net treasury income from client funds.
Reckitt on track despite struggles in US nutrition business
Reckitt Benckiser reported marginal like-for-like net revenue growth of 0. 4% for the first three quarters of 2024 on Wednesday, though it faced a slight decline of 0. 5% in the third quarter.