News And Announcements
Carillion directors face probe as fallout continues for suppliers, workers, banks
Fallout from the collapse into compulsory insolvency of construction giant Carillion continued on Tuesday, with £1bn of unpaid bills jolting suppliers, banks needing to write off most of the £1. 6bn debt pile and employees under private sector contracts going jobless the following day.
Dunelm sales keep surging but profits will dip in first half
Homeware retailer Dunelm kept up good sales growth in three months to end-December to drive further market share gains, though margins were dented slightly.
EC raids Euromoney's RISI paper business in cartel inquiry
The European Commission carried out an unannounced inspection at the premises of an unnamed kraft paper and industrial paper sack firm on Monday as part of an ongoing investigation into a potential cartel, while Euromoney said it's RISI subsidiary had been inspected.
Segro picks up stake in French property group Sofibus
Segro has bought a 19. 4% stake in French property group Sofibus from Harwanne for €20. 5m.
Capita loses Prudential life and pensions contract to TCS
Prudential is transferring the administration of its life and pensions business from Capita to Tata Consultancy Services in July as part of a wider customer and technology transformation programme.
Gym Group revenues rise as membership numbers grow, new sites opened
The Gym Group reported a rise in full-year revenue on Tuesday as membership numbers grew and the company opened more sites.
BP to take $1.7bn charge on Deepwater Horizon spill
BP said it expected to take a post-tax non-operating charge of around $1. 7bn in the fourth quarter as part of the class action settlement of the disastrous Deepwater Horizon oil well spill in the US in 2010.
Provident Financial struggles with home credit business as FCA resolution eyed
Provident Financial reported "progress" in the final quarter of the year but 20% fewer new customer bookings for its Vanquis Bank arm and said it expects losses from its doorstep lending business to be at the larger end of expectations.
Premier Foods third-quarter sales up 4%, strategic partnerships help
Premier Foods reported a rise in third-quarter sales on Tuesday, although Cadbury cake sales dropped in the UK and sales of Mr Kipling cakes also declined.
Interserve wins £37m contract with Spanish airports operator
Support services and construction group Interserve has been awarded a £37m, four-year passenger support contract with Spanish airports operator, AENA.
Savills ups full-year expectations, announces CEO retirement
Real estate service provider Savills said on Tuesday that it enjoyed a stronger-than-expected finish to 2017 and now sees underlying results for the year to the end of December ahead of its previous expectations, as it announced that Jeremy Helsby will retire as chief executive at the end of the year after 39 years with the group.
JD Sports sees FY profit ahead of market expectations after strong second half
JD Sports said on Tuesday that it expects pre-tax profit for the year to 3 February 2018 to be ahead of market expectations following a strong second half.
Euromoney unit inspected as part of EU paper probe
Business publisher Euromoney on Tuesday confirmed its RISI unit had been hit with a surprise inspection by the European Commission as part of a probe into the cardboard and paper sack industry.
Rio Tinto hits iron ore targets after strong final quarter
Anglo-Australian miner Rio Tinto said it managed to hit its iron ore export targets after a solid showing in the final quarter where it shipped a record 90m tonnes, up from 85. 8m tonnes in the previous three months.
Spire Healthcare confirms 2017 guidance
FTSE 250 hospital group Spire Healthcare confirmed its previous guidance for 2017 on Tuesday.
National Express says US tax reforms will cut tax rate to low from high 20s
National Express expects changes to the US tax system that came into effect at the beginning of this month to reduce its effective tax rate to the low 20s from the high 20s.
Tate & Lyle promotes Hampton to CEO as Ahmed steps down
Tate & Lyle has promoted current chief financial officer Nick Hampton to the role of chief executive with effect from 1 April 2018.
Ashmore assets under management rise 7% in Q2
Asset manager Ashmore posted a jump in assets under management for the three months to the end of December amid strong net inflows.
Halma sees earnings boost from US tax cuts
Halma said it expected the recently enacted US tax cuts to positively impact its future US after tax adjusted earnings and provide a £15m non-cash credit the year to March 2018.
Greggs serves up tasty rise in full year sales
High street baker Greggs said full year total sales were up by a tasty 7. 4% and company-managed shop like-for-like sales grew by 3. 7%.