News And Announcements
Asset sales help lift Morgan Advanced Materials profits
Morgan Advanced Materials materials on Tuesday said asset sales helped to boost full year pre-tax profits to £135. 8m from £87. 9m.
Comcast tables hostile bid for Sky, markets wait for Fox/Disney's reaction
US broadcasting giant Comcast has put in a rival $31bn (£22. 1bn) bid to buy Sky, in a direct challenge to Fox and Walt Disney, with markets seemingly expecting that Rupert Murdoch and Disney will be forced to come back to the table with their own revised offers.
BGEO subsidiary opens Ramada Encore hotel in Tbilisi
BGEO Group announced on Tuesday that its real estate subsidiary, m2 Real Estate, has opened a Ramada Encore hotel in Tbilisi - the company's first hotel under an exclusive development agreement with Wyndham.
Jupiter profit rises as AuM, net inflows grow
FTSE 250 asset manager Jupiter Fund Management reported a rise in full-year profit on Tuesday as net inflows and assets under management grew.
Persimmon unveils bumper three-year dividend package
Housebuilder Persimmon pledged to pay out double its previously promised surplus cash via bumper dividends over this and the next two years as it reported profits growth and encouraging recent sales.
James Fisher annual profit boosted by marine support growth
James Fisher & Sons’ annual profit rose 10% fuelled by strong growth at the company's marine support division.
Elementis in the black as personal care unit delivers bumper sales
Specialty chemicals manufacturer Elementis said full year adjusted operating profits rose as its personal care unit delivered a massive increase in sales.
Standard Chartered restores dividend as annual profit increases
Standard Chartered restarted dividends after posting a jump in annual profit that the bank said showed it had emerged from its recent problems.
Provident's Vanquis ordered to pay £171m in fines and compensation
Provident Financial's Vanquis Bank has been ordered by the financial regulator to pay a £2m fine and almost £170m in compensation to customers over misselling of 'repayment option plan' product.
Derwent London proposes special dividend as NAV rises
Derwent London proposed a special dividend on Tuesday as it posted a rise in 2017 net asset value.
Coats posts FY profit rise despite tough US conditions
Thread maker Coats said full year adjusted operating profit increased 11% to $174m.
Direct Line lift dividends 44% as profit surges
Direct Line announced bumper dividend payments as the insurance company posted a more than 50% increase in annual operating profit.
Meggitt reports full-year EPS more than doubles, free cash flow jumps
Meggitt saw earnings per share more than double in 2017, with the engineer continuing to execute against its targets for improved cash and margins over the medium-term and helped by recently enacted tax cuts in the States and a tailwind from FX.
Inchcape motors to healthy FY profits; sees tough 2018
Car dealer Inchcape said full year pre-tax profit rose by 33% to £370m on a constant currency basis due to a strong distribution performance in Asia and emerging markets.
Greggs serves up growth as it continues to expand
Greggs served up some steamy numbers to shareholders on Tuesday, with total sales up 7. 4% in its preliminary results to £960. 0m.
Virgin Money profit rises but cautions on margins
FTSE 250 challenger bank Virgin Money reported a 28% increase in underlying full-year profit on Tuesday amid robust customer demand and growth across its core products, although it warned that net interest margins for 2018 will be at the lower end of the range.
Croda posts record profit amid strong performance across regions and sectors
Speciality chemical company Croda International reported a record full-year profit on Tuesday as sales grew thanks to a strong performance across sectors and regions.