Headline News
BT Group gains as Bharti completes acquisition of 24.5% stake
BT Group gained on Tuesday after India’s Bharti Global completed the acquisition of a 24. 5% stake in the telecoms company from France’s Altice.
Mulberry to 'streamline operations' as losses widen
Luxury handbag maker Mulberry said on Tuesday that it was taking steps to "streamline operations" as it reported a 19% drop in first-half revenue and a widening of its losses, pointing to a "difficult" trading environment.
Nestle takes wraps off CHF 2.5bn cost-cutting plan
Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world’s largest food company.
Diploma revenue, profits rise amid 'tougher environment'
Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1. 36bn, as adjusted operating profit increased 20% to £285m.
Petershill Partners reports solid third-quarter performance
Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.
Thyssenkrupp writes down EUR 1bn from steel business
Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production.
Vesuvius confident despite weaker market conditions
Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10. 2%.
Bodycote sees FY operating profit in line despite 'challenging' end markets
Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".