News And Announcements
Brick maker Ibstock hit by beastly weather in slow start to 2018
Ibstock said the start of its financial year was slower than expected as the brick maker was affected by extreme late-winter weather.
NewRiver 'positioned well' for growth with Hawthorn acquisition
London-listed real estate investment trust NewRiver saw its net asset value grow around 28% in its last financial year and revealed that it will acquire the Hawthorn Leisure pub portfolio for £106m.
Renewi shares shoot higher as annual profit surges
Renewi shot higher on Thursday after the FTSE 250 waste-to-product company reported a doubling of full-year pre-tax profit and said its full-year performance was slightly ahead of upgraded expectations thanks in part to a solid performance from its commercial division.
Go-Ahead sees FY results 'slightly ahead' of previous expectations
In a week that saw timetable changes in its main rail business wreak havoc on commuters, FTSE 250 transport operator Go-Ahead said it was confident of delivering full-year results "slightly ahead" of its previous expectations, thanks in part to efficiency improvements in the rail division.
Paragon profits rise as funding flows remain strong
Specialist lender and banking company Paragon Banking Group issued its half year results for the six months ended 31 March on Thursday, reporting a 4. 7% rise in underlying profit before tax to £73. 4m.
United Utilities profit down but revenue ticks higher
Water company United Utilities posted a drop in full-year pre-tax profit on Thursday, although revenue edged higher.
Caledonia Investments makes it 51 years of increasing dividends
Caledonia Investments reports a net asset value total return of 1. 4% in its final results on Thursday, or a net asset value total return of 6. 3% when excluding the effect of foreign exchange.
Paddy Power to merge US business with fantasy sports operator FanDuel
Paddy Power Betfair has agreed to merge it US business with US daily fantasy sports operator FanDuel.
Aggressive cost focus drives growth at Wizz Air
Wizz Air Holdings issued its audited results for the full year ended 31 March on Thursday, reporting a 24% increase in total revenue to €1. 95bn.
Electrocomponents earnings surge as Asia-Pacific moves to profit
Electrocomponents reported revenue growth of 12. 8% in its final results to 31 March on Thursday, to £1,71bn, with all five of its regions reportedly seeing double-digit like-for-like growth.
Intertek says it's on track as revenue slips
Intertek Group said it was on track to deliver on its 2018 targets in a trading update on Thursday, reporting group revenue of £861. 2m for the four months to 30 April - an increase of 4. 4% at constant rates, but down 2. 5% at actual rates.
TalkTalk to sell B2B business after sinking to loss
TalkTalk announced the sale of its direct business-to-business operation for £175m as falling revenue and rising costs drove the broadband operator to a loss last year.
Kingfisher hammered by snow in first quarter
B&Q and Screwfix owner Kingfisher was hammered by bad weather in February and March, with like-for-like sales down 4% but management still confident about the underlying turnaround of the business.