Ifa News Round-Up
Marshalls shares slump on guidance cut as LFL sales fall
Shares in Marshalls slumped on Tuesday as the landscaping and building materials group cut annual guidance on the back of a 14% fall in like-for-like sales, due to lower new house building and continued weakness in private housing maintenance activity.
IAG lifts guidance on summer demand as Q1 beats forecasts
British Airways-owner IAG on Friday lifted its full year earnings forecasts on the back of strong summer demand as first-quarter profits beat expectations.
Shell beats forecasts with $9.6bn profit
Shell beat forecasts to post a first quarter net profit of $9. 65bn (£7. 6bn), boosted by strong returns from its trading division and higher liquefied natural gas, which offset lower oil and gas prices.
Virgin Money shares slump as H1 profits fall on higher debt provision
Shares in Virgin Money slumped on Thursday as the challenger bank posted lower first-half profits due to an increase in impairment charges for bad debts and higher investment costs.
WANdisco to axe 30% of staff as fraud fallout continues
Troubled tech firm WANdisco is to fire around a third of its workforce as it deals with the aftermath of an accounting scandal.
SSP expands North America presence with MCE buy
Travel outlet food operator SSP Group said it was expanding its North America operations through the acquisition of the concessions business of Midfield Concession Enterprise for an undisclosed sum.
Liontrust to buy Swiss asset manager GAM in £96m deal
Liontrust on Thursday said it had agreed to buy GAM Holding in a recommended deal valuing the Swiss asset manager at 107m Swiss francs (£96m) .
RS Group CFO quits after relationship with colleague
RS Group chief financial officer David Egan is leaving the business with immediate effect after admitting a relationship with a colleague that fell "short of the high standards expected" of the company.
Lloyds Q1 46% profit jump beats expectations
Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.
Facebook news changes 'hit Reach sales'
Daily Mirror publisher Reach said revenues fell 6% in the four months to April 23 with the company citing changes in the way social media platform Facebook presented news content.
French pension strikes forced Ryanair to cancel 650 flights in April
Ryanair said strike action by French air traffic controllers forced the budget carrier to ground 650 flights last month affecting 118,000 passengers.
Haleon profits rise but margins squeezed by cost inflation
Profits at consumer health company Haleon on Wednesday came in below expectations as higher costs hit earnings margins.
BP posts $5bn Q1 profit as windfall tax debate reignites
The debate around windfall profits on energy companies was reignited on Tuesday when oil giant BP reported a better-than-expected first quarter profit of $5bn.
German retail sales register surprise 2.4% fall in March
Germany reported a surprise fall in retail sales in March, according to official data released on Tuesday.
RBA shocks markets with rate rise
Australia's central bank surprised markets on Tuesday when its lifted its key interest rate again and warned of more hikes to come as it battled to combat persistent inflation.
HSBC reinstates dividend as Q1 profits treble
HSBC reinstated its dividend and announced a new round of share buybacks as it trebled first-quarter profits on the back of rising interest rates.