News And Announcements
Mike Ashley's Frasers Group lifts stake in AO World
Mike Ashley’s Frasers Group upped its stake in online electricals retailer AO World on Tuesday.
Kingfisher shares slump on weak outlook after FY profit falls
Shares in Kingfisher slumped on Tuesday after the DIY retail group forecast small earnings growth this year at best and warned of the impact of budgetary measures in the UK and France on consumer sentiment and costs in the short term.
Shell targets LNG sales growth, investor returns & spending cuts
Energy giant Shell unveiled plans to increase investor returns, cut spending and lift liquified natural gas sales targets but came in for heavy criticism of chief executive Wael Sawan's pay package.
IP Group adds £10m to buyback after focusing on profitable exits
Intellectual property company IP Group reported a wider annual loss and lower net asset value as it focused on generating cash from profitable investment exits and said it would use the money to extend its share buyback by £10m.
Anglo American’s Sakatti copper project given ‘strategic’ status by EU
Anglo American said on Tuesday that its Sakatti copper and polymetallic project in Finland has been designated as a 'strategic project' by the European Commission.
THG raises £90m, founder Matthew Moulding contributes £60m
THG said on Tuesday that it has raised £90m in a share placing and refinancing, which includes a £60m contribution from founder and chief executive Matthew Moulding, as it looks to support its "strategic growth targets".
Pantheon Resources closes $35m bond offering
Pantheon Resources announced on Tuesday that it has successfully closed a $35m senior convertible bond offering, securing funding to support its oil and gas exploration activities on Alaska’s North Slope.
MP Evans delivers record financial results
MP Evans delivered record financial results for 2024 on Tuesday, driven by robust crude palm oil (CPO) prices and disciplined cost control.
FD Technologies flags solid full-year performance
FD Technologies delivered a robust performance for the year ended 28 February, it said in a trading update on Tuesday, with results at or above the top end of expectations.
Gamma Communications confident after strong full-year results
Gamma Communications reported a strong set of financial results for 2024 on Tuesday, supported by both organic growth and a series of strategic acquisitions.
AB Dynamics reports first-half trading momentum
AB Dynamics reported solid trading momentum for the six months ended 28 February on Tuesday, with revenue expected to rise 11% year-on-year to around £58m.
Ashtead Technology reiterates expectations after robust results
Ashtead Technology reported robust financial and operational progress for 2024 on Tuesday, driven by both organic growth and recent acquisitions.
Tui targets margin growth for airline unit, eyes new ships
Travel company TUI said it was targeting a profit margin for its markets and airline unit of more than 3% in the medium term and confirmed it was in talks to build two new vessels for its Marella cruise fleet.
Xaar reports weaker financial performance in 'mixed' year
Xaar reported a weaker financial performance for the year ended 31 December on Tuesday, reflecting challenging end markets, particularly in ceramics and engineered systems, although the company made strategic progress in new growth areas that were expected to support stronger performance in the medium term.
US growth underpins Fevertree's full-year results
Fevertree Drinks delivered a solid financial performance for the year ended 31 December, it reported on Tuesday, with a sharp recovery in profitability and strengthened US growth setting the stage for medium-term expansion.
AG Barr reports solid year, reaffirms outlook despite rising costs
Soft drinks manufacturer AG Barr reported a robust set of results for the year ended 25 January on Tuesday, with adjusted profit before tax rising 15. 8% to £58. 5m and adjusted operating margin expanding by 130 basis points to 13. 6%.
Segro to create £1bn data centre in JV with Oaktree-owned Pure Data Centres
Segro announced a joint venture on Tuesday with Pure Data Centres - owned by Oaktree - to create its first fully fitted data centre, which it expects to pre-lease to a hyperscaler.
Eurowag posts solid set of full-year results
Road transportation payments specialist WAG Payment Solutions, which trades as Eurowag, delivered a strong set of financial and operational results for the year ended 31 December on Tuesday, marked by consistent double-digit revenue growth, robust cash generation, and a significant reduction in net leverage.
Henry Boot reports resilient full-year performance
Henry Boot reported a resilient performance for the year ended 31 December on Tuesday, with results in line with market expectations and a solid foundation laid for future growth.
Tullow Oil returns to profit in 2024
Tullow Oil posted a return to profit in its 2024 results on Tuesday, underpinned by continued strategic delivery, production optimisation, and progress on debt reduction.