Market Pulse
Record reports 'solid start' to financial year
Specialist currency and asset manager Record reported an increase in assets under management for its first quarter on Friday.
Keywords Studios confident of delivering ‘good’ revenue growth in 2024
Keywords Studios said on Friday that it remains confident in delivering "good" overall revenue growth in 2024, with the performance expected to be weighted to the second half.
Segro reports continued rental growth in its first half
Segro reported a strong financial performance and continued rental growth in its half-year results on Friday.
DiscoverIE sales down in Q1
Electronic components manufacturer DiscovierIE said on Friday that Q1 trading was in line with guidance and that FY underlying earnings expectations remained unchanged.
FirstGroup trading as expected as chairman steps down
FirstGroup said in an update on Friday that its trading in the financial year-to-date remained in line with the expectations set out in its full-year results in June, as it also announced the retirement of chairman David Martin.
Computacenter H1 profits to drop; £200m share buyback announced
Computacenter said on Friday that it was expecting to report a drop in first-half profit due to the delay of the fulfilment of some orders in North America, as it announced a £200m share buyback programme.
Petershill Partners aggregate partner-firm AuM grows in H1
Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
Supermarket Income REIT completes £170m refinancing
Real estate investment trust Supermarket Income has completed a £170. 0m refinancing through its first private placement debt issuance and a new unsecured bank facility.
IMI reports robust growth in first half
IMI reported continued strategic progress and a robust financial performance in its first half on Friday, with growth in organic revenue and profits.
Rightmove H1 revenue grows on continued demand for products
Online real estate portal operator Rightmove said on Friday that both revenue and operating profits had grown in the six months ended 30 June, driven by continued demand from agents and new home developers.
AstraZeneca gets positive feedback on possible Imfinzi indication
AstraZeneca's ‘Imfinzi’, or durvalumab, was recognised by the FDA's oncologic drugs advisory committee (ODAC) on Friday for its efficacy in treating resectable non-small cell lung cancer (NSCLC), based on phase three trial results.
London open: FTSE gains as NatWest rallies after results
London stocks rose in early trade on Friday following mixed sessions in the US and Asia, with NatWest pacing the gains after well-received results.
Brighton Pier Group warns on profits, shares slide
The Brighton Pier Group warned on Friday that full-year EBITDA was set to be lower than previously expected due to poor weather.
Babcock profits rise amid uplift in global defence budgets
Babcock International posted a jump in full-year profit on Friday as it continued to be boosted by a "sustained uplift" in global defence budgets, with a strong performance in Nuclear, Land and Aviation.
London pre-open: Stocks seen higher; NatWest in focus
London stocks were set to rise at the open on Friday despite mixed performances in the US and Asia, as investors mulled results from the likes of NatWest and IMI.
Friday newspaper round-up: Stellantis, John Lewis, FRC
Rachel Reeves is expected to reveal a £20bn hole in government spending for essential public services on Monday, paving the way for potential tax rises in the autumn budget. Labour sources said the blame lay with the Tory government, describing it as a “shocking inheritance” and accusing the former chancellor of “presiding over a black hole and still campaigning for tax cuts”. – Guardian.