News And Announcements
IMI maintains expectations as some sectors see continued uncertainty
Specialist engineering company IMI updated the market on trading in its first quarter on Thursday, reporting that its results reflected a continuation of the improved trading it experienced through 2017, albeit with “continuing uncertainty” in some segments.
Customer wins get Equiniti off to a good start in 2018
Equiniti said it made a good start to 2018 as the FTSE 250 technology outsourcer cemented customer relationships and added new clients.
HMRC clarified tax treatment of AVEVA return of value
Shareholders in engineering and industrial software giant AVEVA Group were handed some good news on their tax burden on Thursday, as the company clarified the UK tax treatment of its £10. 15 per share return of value, which was effected by way of an issue and redemption of B Shares on 1 March.
James Fisher set fair after fruitful start for marine services
James Fisher & Sons said all four of its divisions "appear well set" for the year after the first four months of the year traded in line with directors' expectations.
Centamin more than doubles profit in first quarter
Centamin’s profit more than doubled in the first quarter as the gold miner increased production and the price of gold rose.
Glencore maintains expectations after mixed first quarter
Glencore said production in its first quarter was largely in line with expectations across all commodity groups on Thursday morning, keeping its full year guidance unchanged from what it presented in February.
Lancashire Holdings profit up 48% in Q1, ROE and combined ratio improve
FTSE 250 insurer Lancashire Holdings posted a 48% rise in first-quarter pre-tax profit on Thursday as gross written premiums and its return on equity rose.
InterContinental Hotels expands luxury and upscale estate in the UK
InterContinental Hotels Group has signed an agreement with Fonciere des Regions to rebrand and operate 12 high quality open hotels and one pipeline hotel, expanding its luxury and upscale estate in the UK.
Rolls-Royce guidance intact as it deals with engine trouble
Rolls-Royce said its expectations for 2018 were unchanged after reorganising spending to offset costs for extra inspections of its Trent 1000 engines.
Esure premiums jump 18% thanks to motor division, home unit hit by weather
FTSE 250 insurer Esure reported an 18% jump in first-quarter gross written premiums on Thursday thanks to a solid performance form its motor division as its home unit was hit by claims related to bad weather, with the group on track to deliver profitable growth in 2018.