Market Pulse
Sondrel names John Chubb as next CEO
Turnkey services provider Sondrel revealed on Wednesday that John Chubb had been nominated as chief executive officer-designate, succeeding interim CEO David Mitchard.
Feedback FY revenues seen higher despite NHS contract delays
Clinical infrastructure specialist Feedback said on Wednesday that full-year revenues were seen higher and that underlying losses had narrowed but warned that certain NHS procurement processes had been "more protracted".
Games Workshop names Elizabeth Harrison as group finance director
Miniature wargames manufacturer Games Workshop Group revealed on Wednesday that Elizabeth Harrison had been nominated to join its board as group finance director at its annual general meeting in September.
Asia report: Markets mostly lower amid slew of Japan data
Asia-Pacific markets closed mostly lower on Wednesday, with mainland China stocks being the exception, showing slight gains following a series of economic data releases from Japan.
Empiric Student Property remains confident in FY outlook
Student accommodation provider Empiric Student Property reiterated its confidence in its full-year outlook on Wednesday, stating the business was now "poised for growth".
Raspberry Pi confirms London IPO
Computer maker Raspberry Pi confirmed on Wednesday that it plans to float on the London Stock Exchange, likely in June.
Ofcom fines BT £2.8m for knowingly breaching contract info rules
Ofcom announced on Wednesday that it has fined BT Group £2. 8m, for failing to provide more than one million customers with clear and essential contract information before signing up for services with its subsidiaries EE and Plusnet.
Coats Group returns to revenue growth
Industrial thread and footwear component manufacturer Coats Group reported a return to revenue growth for the period from 1 January to 30 April on Wednesday.
Close Brothers warns of higher full-year costs
Close Brothers Group reported a steady performance across its divisions in the third quarter on Wednesday, but warned of higher costs for the rest of the financial year.
HICL Infrastructure maintains dividend in tough market
HICL Infrastructure reported a challenging but resilient performance in a difficult macroeconomic environment in its annual results on Wednesday, as income fell to £105. 4m from £254. 2m year-on-year.
London open: Stocks fall as inflation data dashes rate cut hopes
London stocks fell in early trade on Wednesday as data showed that inflation fell less than expected in April, dashing hopes of a summer rate cut.
4Imprint starts year strongly, announces CFO retirement
Promotional products specialist 4imprint Group reported a strong operational and financial performance for the early part of 2024 on Wednesday, while also announcing the retirement of its chief financial officer.
UK consumer price inflation falls to 2.3% in April
Consumer price inflation fell less than expected in April, according to figures released on Wednesday by the Office for National Statistics, dashing hopes of a summer rate cut.
Playtech confident despite recent betting challenges
Playtech reported a solid start to the year across its divisions in an update on Wednesday, despite some challenges around sports results.
IntegraFin reports record levels of funds under direction
Investment platform operator IntegraFin reported a strong financial and operational first half on Wednesday, with a record high level of funds under direction (FUD) on its Transact platform of £61bn on 31 March.
British Land reports robust second-half rental growth
British Land reported robust second-half rental growth and stable property values in its final results on Wednesday, as its underlying profit rose 2% to £268m, while underlying earnings per share increased 1% to 28. 5p.
Mitchells & Butlers sees FY results at top end of expectations
Pub group Mitchells & Butlers said on Wednesday that its full-year results were set to be at the top end of consensus expectations as it reported a rise in first-half profit.
SSE reports 'strong' full-year earnings performance
SSE reported a “strong performance” in its preliminary results for the year on Wednesday, with earnings per share coming in at the top end of guidance despite profits slipping.
M&S FY profits, sales jump as turnaround efforts bear fruit
Marks & Spencer posted a jump in full-year sales and profits on Wednesday as the retailer’s turnaround efforts bore fruit.
London pre-open: Stocks seen lower; inflation in focus
London stocks were set to fall at the open on Wednesday as the latest figures from the Office for National Statistics showed that inflation declined less than expected in April.