Ifa News Round-Up
Antofagasta holds output guidance despite lower production
Metals miner Antofagasta held annual production guidance despite quarter-on-quarter falls in copper and gold output.
EasyJet lifts guidance as booking demand soars
Low-cost airline easyJet on Tuesday said it expected to beat market expectations for annual profits due to high demand and strong summer bookings after slashing losses in the first six months of the current year.
Anglo American gets environment permit for Los Bronces project
Mining giant Anglo American has been given an environment permit for a $3bn extension of its Los Bronces copper project in Chile by a committee of government ministers.
Mitie FY to beat forecasts, launches £50m share buyback
Outsourcing specialist Mitie said it expected operating profit to beat guidance after replacing all its Covid-related contract revenue, and announced a £50m share buyback.
Wood Group shares surge as talks open with Apollo on £1.6bn bid
Shares in Wood Group surged on Monday after the oil and gas engineering firm said it had decided to start talks with US private equity group Apollo on a potential £1. 66bn takeover.
QinetiQ lifts annual guidance on strong order growth
British defence group Qinetiq on Monday lifted annual guidance and said profits would come at the upper end of expectations driven by order growth across its major markets.
PageGroup Q1 profit falls as workers decline firm job offers
Recruitment company PageGroup on Monday maintained guidance as it reported a 2. 4% decline in first quarter profits, driven by sharp falls in the US and Asia as potential staff declined firm job offers and clients delayed hiring decisions.
Dr Martens shares soar despite another profit warning
Shares in Dr Martens surged on Friday, despite the UK bootwear maker lowering profit guidance for the third time in five months as operational mistakes at its Los Angeles distribution centre cost more than anticipated.
Tesco sees flat profit for current year as inflation bites
UK supermarket chain Tesco said it expected to post flat profits this year and announced a £750m share buyback as annual earnings halved last year with inflation battering both customers and company.
China exports surge unexpectedly in March
Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to lockdowns.
German inflation confirmed easing in March
German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7. 4% on an annual basis, but lower than the 8. 7% rate recorded in the first two months of the year, according to official final data released on Thursday.
Imperial Brands sees annual earnings in line with expectations
Tobacco company Imperial Brands said it was on track to deliver earnings in line with expectations and low single-digit constant currency net revenue growth.
EZ construction PMI falls again in March on weak housing market
Eurozone construction activity contracted for the eleventh consecutive month on the back of a weaker housing market, according to a widely read survey published on Thursday.
UK house prices rise 0.8% in March for third consecutive increase - Halifax
UK house prices increased for a third consecutive month in a row in March, according to data released by mortgage lender Halifax on Thursday.
Ofcom refers cloud market to CMA over concerns about Microsoft, Amazon
UK telecoms regulator Ofcom said it planned to refer the cloud market to the Competition and Markets Authority (CMA) after discovering concerning practices by Amazon and Microsoft.
Investec wealth arm to merge with Rathbones in £839m deal
The UK wealth business of Investec and Rathbones have agreed to merge in an £839m all-share deal, the two companies said on Tuesday.
Virgin Media suffers major outage across UK as internet crashes
Almost 30,000 Virgin Media customers have reported outages of their service on Tuesday, with their internet down and the company's own fault-reporting website out of action.
German imports, exports edge ahead in Feb; Trade surplus steady
Germany's trade surplus was unchanged in February compared with the previous month, with exports and imports both rising slightly, according to official data released on Tuesday.
Capita confirms cyber hack as cause of IT failures
UK government outsourcer Capita confirmed Capita a cyber-attack was the cause of a major outage of technology services for clients on Friday.
WANdisco CEO, CFO quit as fraud probe confirms fake sales figures
WANdisco's chief executive and finance head are stepping down immediately after an internal investigation into suspected fraud found more than $115m in missing bookings, the computing services company said on Monday.