News And Announcements
CYBG reports solid third quarter as it continues digital transformation
Clydesdale Bank and Yorkshire Bank owner CYBG made further progress towards its full-year guidance in the third quarter, it announced on Tuesday, with “solid” mortgage growth of 5. 8% annualised for the nine months to 30 June, and record volumes of applications in the quarter.
SFO opens bribery investigation into British American Tobacco
Britain's Serious Fraud Office has opened a formal investigation into possible historic bribery by British American Tobacco in Africa.
Man Group first-half FuM, profits rise
Man Group reported a rise in first-half funds under management and profit on Tuesday as net inflows and performance fees grew.
Meggitt organic profits fall as underlying orders remain depressed
Aerospace and defence engineer Meggitt reported a 6% fall in underlying profits for the first half of the year as orders declined before an expected rebound in the second half.
Vantiv deadline to make formal bid for Worldpay extended
Payments processor Worldpay said on Tuesday that the deadline for US-based Vantiv to make a firm offer for the company has been extended to 8 August.
Greggs sales up but profit drops on cost inflation
FTSE 250 baker Greggs reported a rise in first-half sales on Tuesday thanks to continued growth in its breakfast, coffee and ‘balanced choice’ ranges, although pre-tax profit declined on the back of cost inflation pressures.
BGEO wins contract to upgrade Tbilisi metro ticketing system
BGEO Group announced on Tuesday that its banking business subsidiary, JSC Bank of Georgia, won an auction organised by Tbilisi City Hall for the modernisation of the public transportation payment system in Tbilisi, Georgia.
Land Securities exchanges pre-let agreement with Deutsche Bank
Land Securities and Deutsche Bank exchanged a pre-let agreement for the bank's new London headquarters at 21 Moorfields, EC2 on a 25-year lease, the companies announced on Tuesday, with the agreement conditional on planning permission.
Fresnillo reports on 'strong' first half
Fresnillo reported some solid numbers in its first half on Thursday, with adjusted revenue rising 11. 5% to $1. 07bn, while gross profit and EBITDA rose 16. 6% and 10. 2% respectively to $460m and $522. 5m.
FDA grants 'breakthrough therapy designation' to AstraZeneca for acalabrutinib
AstraZeneca and its haematology research and development "centre of excellence", Acerta Pharma, announced on Tuesday that the US Food and Drug Administration granted ‘breakthrough therapy designation’ for ‘acalabrutinib’, for the treatment of patients with mantle cell lymphoma (MCL) who have received at least one prior therapy.
Intertek posts solid first half numbers
Inspection, product testing and certification company Intertek described a first half of “strong” earnings growth and cash generation on Tuesday, with revenue improving 2. 7% and constant currencies and 13. 9% at actual rates to £1. 372bn.
British Gas hikes electricity prices after Centrica profits fall
British Gas has hiked its electricity prices for households by a whopping 12. 5% from mid September, parent company Centrica said on Tuesday alongside half-year results that showed adjusted earnings falling 11%.
DCC acquires mobile refurbishment business MTR
International sales, marketing and business support services group DCC has acquired MTR - a “second lifecycle solutions” provider for mobile and tablet devices - it announced on Tuesday.
Direct Line hikes divi as first-half profit rises
Direct Line posted a 9. 5% jump in first-half operating profit on Tuesday as gross written premiums rose 5% and the insurer bumped its dividend up by 39%.