News And Announcements
Cobham shares take off as turnaround produces profits
Defence and aerospace firm Cobham's turnaround plan started to bear fruit as the company swung to a pre-tax profit of £173. 1m from a loss of £847. 9m a year ago.
Sky catches up with Virgin, BT and TalkTalk as it finally adds Netflix
The saying says if you can’t beat them, join them, and subscription broadcaster Sky was certainly taking that advice on board on Thursday as it announced a partnership that would see Netflix bundled into a new Sky TV package.
Carpetright tumbles as it warns on profits again
British floor coverings retailer Carpetright warned investors on Thursday that trading conditions had remained difficult since its last update on 19 January, with ongoing weak consumer confidence forcing the group to examine a variety of other options to strengthen its balance sheet.
Bovis Homes profit falls as expected, special divi announced
FTSE 250 housebuilder Bovis Homes, which saw off two takeover approaches last year, posted a drop in full-year profit on Thursday in line with expectations, as it said it has seen good demand in the first eight weeks of 2018 and that it is confident of delivering completions in line with expectations.
Prudential appoints James Turner as chief risk officer
Prudential has appointed James Turner as group chief risk officer and as an executive director with immediate effect, succeeding Pat Casey, who is retiring from the company.
Howden profits wobble but sales robust in 2018
Howden Joinery registered a slight fall in annual profit as costs rose faster than revenue but the kitchen company said sales remained robust at the start of 2018.
WPP blames squeezed client budgets for flatlining revenue
WPP blamed squeezed client marketing budgets for flatlining annual revenue as the world’s biggest advertising company said it made a slow start to 2018.
National Express posts impressive numbers after second-half turnaround
National Express posted its results for the year ended 31 December on Tuesday, reporting “strong” performances in both international divisions as well as growth in the UK, leading to solid increases in group revenue, profit and cash and reduced gearing.
BBA Aviation flies back into the black
BBA Aviation flew back into the black on Thursday as it reported pre-tax profits of $175. 5m compared with a loss of $82. 2m a year earlier.
Laird rockets on Advent cash offer
Laird has received a £1bn cash offer from private equity group Advent International.
Grafton profit jumps 15% amid record revenue
FTSE 250 builders’ merchant Grafton Group, which recently acquired specialist decorators’ merchant Leyland SDM for £82. 4m, reported a 15% jump in full-year profit on Thursday amid record revenue, as it benefited from its exposure to multiple geographies and a diversified customer base.
Evraz full-year profits up 70% on higher prices
Russian steel and coal producer Evraz said full year consolidated earnings increased by 70% to $2. 6bn on the back of higher prices.
PureCircle reaches settlement over alleged patent infringment
PureCircle announced on Thursday that its US division and Sweet Green Fields have settled a dispute before the International Trade Commission on the importation of products that were alleged to infringe PureCircle's patents.
CRH eyes more growth ahead after fourth-quarter profit gains
Irish building materials group CRH generated an acceleration in profits growth towards the end of the year and saw good potential for more in the US and Europe in 2018.
Schroders profit rises 23% as AuM, net inflows swell
Asset manager Schroders posted a 23% jump in full-year pre-tax profit on Thursday as assets under management and net inflows rose amid growth across the group.