News And Announcements
Royal Mail's GLS buys Spanish parcels delivery company for €16.5m
Royal Mail’s European parcel delivery business, General Logistics Systems, has bought Spanish express parcels delivery company, Redyser Transporte, for €16. 5m (£14. 5m).
US tax cuts to benefit Nex Group as revenues rise
Shares in financial technology company Nex Group, formerly ICAP, surged on Thursday after it said that changes to the US tax system will see its effective tax rate drop and posted a rise in third-quarter revenue.
SIG to restate profits after accounting irregularities
SIG was under the cosh on Thursday after the building materials group said it has overstated profits for FY2016 and for the years prior to this after a whistleblower revealed irregularities in its accounts.
GKN urges shareholders to reject 'derisory' offer as Melrose outlines terms
Turnaround specialist Melrose Industries outlined the formal terms of its £7. 4bn offer for GKN on Thursday, promising to simplify and declutter the business, but GKN responded by urging its shareholders to reject the “derisory” offer.
Shell more than doubles profit in fourth quarter
Royal Dutch Shell's profit more than doubled in the fourth quarter as the oil company gained from higher oil prices and increased efficiency.
Cranswick third-quarter sales rise after strong Christmas trading
FTSE 250 food producer Cranswick said on Thursday that trading in the third quarter was “slightly” ahead of its expectations, with both total and like-for-like sales up on the previous year.
Unilever delivers strong fourth quarter but competition probe hits shares
Unilever hit its full year growth targets after a strong fourth quarter where sales accelerated in the final quarter of the year thanks to volume growth.
3i Group reports solid third quarter progress
Private equity and infrastructure company 3i Group reported a positive third quarter on Thursday, saying it was on track to deliver another year of strong growth.
AG Barr full-year revenue seen up 7.5%
Irn-Bru maker AG Barr said on Thursday that full-year revenue is expected to be up around 7. 5% on the year, thanks in part to strong trading across its core brands.
BT Openreach sets higher target for 3m fibre broadband connections
BT's Openreach division has increased its target for installing fibre broadband by pledging to connect 3m premises by the end of 2020.
Glencore posts drop in full-year copper, coal and nickel output
Glencore reported a drop in full-year copper, coal and nickel production on Thursday.
Vodafone on track to meet full-year forecasts
Vodafone said it was on track to meet forecasts for annual profit after trading in line with expectations in the third quarter.
Hammerson to sell Birmingham retail park for £57.5m
Hammerson has exchanged contracts for the sale of Battery Retail Park in Birmingham to NFU Mutual for £57. 5m.