Market Pulse
Derwent agrees sale of Turnmill EC1 for £77.4m
Derwent London said on Thursday that it has exchanged contracts with investment manager Titan Investors for the sale of its 70,300 sq ft freehold interest in Turnmill EC1 for £77. 35m.
Labour lays out plans to renationalise UK's railways
Labour promised to renationalise the UK’s railway network within five years of taking office on Thursday, in a bid to address the system’s challenges without compensating its existing private operators.
Vianet recurring revenues, adjusted underlying earnings rise in FY24
Business intelligence provider Vianet Group said on Thursday that recurring revenues and adjusted underlying earnings had improved in the year ended 31 March, with progress within the unattended retail and hospitality divisions being "particularly strong".
Puretech Health operating losses narrow in 'landmark year'
Biotechnology company Puretech Health said on Thursday that 2023 had been "a landmark year" for the group, making "strong strategic and clinical progress".
Moonpig tumbles after discounted share placing
Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
Asia report: Markets finish mixed ahead of US GDP reading
Asia-Pacific markets closed with mixed results on Thursday following two consecutive days of gains, in line with movements on Wall Street.
Senior wins five-year contract with Spirit AeroSystems
Engineering and manufacturing business Senior has secured a contract extension with Spirit AeroSystems for the supply of large diameter precision formed and machined structural components for Boeing aircraft programmes.
Empire Metals upbeat on lab results from Pitfield Project
Empire Metals unveiled analytical lab results from an initial 18 reverse circulation (RC) drillholes at the Pitfield Project in Western Australia on Thursday.
Eco Animal Health revenue set to top expectations
Eco Animal Health said in an update on Thursday that, despite initial foreign exchange challenges, its revenue for the year surpassed market expectations, reaching almost £90m, compared to the anticipated £88. 7m.
Relx reaffirms outlook after solid start to year
Business information and analytics specialist Relx reaffirmed its full-year outlook in an update on Thursday, alongside a strong start to the year across all four business areas, driven by an ongoing shift towards higher-growth analytics and decision tools.
Cordel Group inks trial deal with Asia-Pacific railway
Cordel Group announced a deal with a major national railway in the Asia-Pacific region on Thursday, entailing a 12-week paid trial of its forward-facing video solution (FFV) alongside the provision of LiDAR data to explore other potential applications such as vegetation management and clearance assessments.
Drax describes strong first quarter performance
Drax Group reported strong system support and generation performance in a first-quarter update on Thursday, with its expectations for full-year adjusted EBITDA remaining in line with analysts' consensus estimates.
Eurowag trading as expected as net revenue jumps
Commercial road transportation payments and mobility technology company WAG Payment Solutions reported a robust performance in the March quarter on Thursday, with net revenue jumping 31% to €68. 4m, driven by sustained organic growth and contributions from the Inelo acquisition.
PPHE revenue rises as hotel markets normalise
PPHE Hotel Group reported first-quarter revenue of £77m in an update on Thursday, marking an impressive 11. 9% year-on-year increase.
Indivior reports first-quarter growth, confirms plans to shift main listing
Addiction treatment specialist Indivior reported double-digit net revenue growth for the first quarter on Thursday, with total net revenue rising 12% year-on-year to $284m, as it confirmed its intention to shift its primary listing to the United States.
LSE Group reports solid start to financial year
London Stock Exchange Group reported a a strong start to the year in a trading update on Thursday, with solid first-quarter performance across its business divisions.
Weir Group performs as expected in first quarter
Weir Group said in a trading update on Thursday that order progression in its first quarter matched expectations as it maintained its guidance for the year.
Schroders first-quarter AuM tick higher
Schroders reported an uptick in first-quarter assets under management on Thursday.
Ibstock Q1 sales fall short amid ‘challenging’ trading conditions
Building products manufacturer Ibstock said on Thursday that sales volumes in the first quarter were lower than expected as activity in residential markets remained subdued.
WH Smith on track for full year after 'good' first half
WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.