News And Announcements
Severn Trent performing in line as it prepares for next regulatory period
Water and waste water company Severn Trent updated the market on its trading on Wednesday, saying it continued to expect that the group will deliver FY2018 trading performance in line with its expectations and guidance, which were previously disclosed at the half-year results in November.
Smurfit Kappa fourth quarter growth driven by European demand
Smurfit Kappa’s fourth-quarter earnings rose 10% as strong demand in Europe for the paper packaging company’s products offset weak performance in the Americas.
Imperial Brands sees lower first-half profits but increased e-vapour sales
Imperial Brands snuffed out hopes of a strong first-half result, with revenues hit by new tobacco laws in the UK and an adverse sales mix, but said it was "significantly stepping up" its activities in vaping and ecigarettes.
Johnson Matthey to take £50m charge as it settles lawsuit
Johnson Matthey said on Wednesday that it will recognise a charge of £50m after settling a lawsuit, as it announced that changes to the US tax system would have a positive impact on the group.
Acquisition-hungry DCC performing in line in third quarter
International sales, marketing and support services group DCC issued its interim management statement for the third quarter on Wednesday, saying that group operating profit for the period to 31 December was in line with expectations and ahead of the prior year.
Rio Tinto declares record dividend as earnings jump 69%, $1bn buyback announced
Mining giant Rio Tinto declared a record full-year dividend on Wednesday as it posted a jump in profit and announced an additional $1bn share buyback.