Ifa News Round-Up
Reach shares fall as CEO warns on tough 2023
Shares in Daily Mirror publisher Reach fell more than 5% in early London trade after the newspaper group warned that economic headwinds would persist into the current fiscal year.
Greggs planning large store expansion as annual profits rise 2%
UK high street baker Greggs reported a 2% rise in annual profits, as inflation and higher costs hit the bottom line and said it planned a large expansion of its store estate.
Keller Group FY profits fall on higher costs, Ukraine war
Geotechnical engineering company Keller Group on Tuesday reported a fall in full-year earnings as inflation, higher costs and the war in Ukraine took their toll.
Rio Tinto pays $15m to settle Guinea bribery case
Rio Tinto has agreed to pay a $15m penalty over bribery charges brought by the US Securities and Exchange Commission, involving payments to a consultant in Guinea to keep mining rights over a project in the country.
Clarkson annual earnings surge on strong broking performance
Shipping services company Clarkson reported a sharp rise in annual earnings, driven by a strong performance in its broking division.
VW shares surge as sales forecast beats expectations
Volkswagen shares surged on Friday after the company forecast a sharp rise in 2023 sales.
ARM snubs London and decides on US-only listing
UK technology firm Arm has snubbed the London Stock Exchange and decided to list its shares on the US stock market.
Pearson posts better-than-forecast rise in FY earnings
Educational publisher Pearson reported a better-than-expected rise in annual profits driven by revenue growth and cost savings and said it would grow sales by low to mid single digits this year.
German January exports rebound from Dec fall with 2.1% rise
German exports rose by more than expected in January, recording a 2. 1% rise and rebounding from a sharp drop in the prior month, according to official data released on Friday.
National Express shares surge as dividend reinstated, profits rise
Shares in bus company National Express surged as it reinstated dividends and reported a surge in annual profits, driven by a rise in passengers using its services as a result of UK rail strikes.
FirstGroup to invest extra £35m in electric bus fleet, infrastructure
FirstGroup on Thursday said it was investing an extra £35m in the electrification of its bus fleet and infrastructure.
Wizz Air, Ryanair passenger numbers soar in February
Wizz Air and low-cost rival Ryanair both reported a surge in February passenger numbers as travel continued to rebound from the Covid pandemic and associated restrictions.
Grafton FY profits up slightly, warns on cooler DIY, housing markets
Builders merchant and DIY retailer Grafton reported a slight rise in full-year profit as consumers started to cut back on spending and the boom in home improvement projects during the Covid pandemic tapered off.
Melrose FY profits soar, sees stronger aerospace earnings in 2023
UK defence and commercial engineer Melrose Industries said 2022 profits came in higher than expected and forecast a significantly stronger performance from its aerospace unit this year.
Weir Group shares surge as mining boom boosts annual profits
Engineering group Weir on Wednesday posted a rise in annual profits on the back of a booming mining industry, sparking a surge in the stock.
Jaguar Land Rover owner seeks £0.5bn subsidy for UK battery plant - report
Jaguar Land Rover owner Tata Motors is reportedly seeking £500m from the UK government in state subsidies to build a battery factory in Somerset, UK media reported on Wednesday.
UK house prices fall 1.1% in February - Nationwide
UK house prices fell by 1. 1% year-on-year in February, the first annual decline since June 2020, mortgage lender Nationwide said on Wednesday.