News And Announcements
Intermediate Capital Group breaks €30bn AUM barrier
Intermediate Capital Group (ICG) on Thursday reported a strong first quarter, with success driven by increases in the firm’s assets under management (AUM) and four prospective new deals.
Aveva comes out the gate strong with 'solid start' to trading year
Software provider Aveva has seen a "solid start" to its financial year, as the integration with Schneider remained "on track".
CMC Markets hails 'solid' start to year as operating income rises
Online trading platform CMC Markets hailed a "solid" start to its financial year on Thursday, with first-quarter net operating income "moderately" higher than the same period a year ago.
Vesuvius scores record revenue and ups guidance
Molten metal flow engineering group Vesuvius impressed investors on Thursday with a record set of interim results, with sales up 8% and trading profits jumping 15%.
Bonmarche first-quarter sales boosted by online
Women's value retailer Bonmarche was on the rise as it said first-quarter sales were boosted by its online offering.
Countryside's completions boosted by Westleigh acquisition
Housebuilder Countryside Properties increased house completions 27% in the three months to 30 June, boosted by the acquisition of Leicestershire-based Westleigh earlier in the year.
Alliance Trust pleased with progress amid turbulent markets
Alliance Trust posted its results for the six months ended 30 June on Thursday, reporting total shareholder return of 1. 1%, net asset value total return of 2. 9%, and equity portfolio total return of 2. 9%, compared with MSCI ACWI total return of 2. 3%.
Sophos slips as billings growth slows, renewal rate drops
Sophos Group saw reported that its cash EBITDA for the first quarter of its financial year fell 26% to $20. 3m, as group billings saw their momentum falter.
Savills takes first chunk of European real estate advisor DRC Capital
Real estate advisory firm Savills announced the proposed acquisition by Savills Investment Management of a 25% interest in DRC Capital, which it described as “a leading” European investment advisor of real estate debt funds.
Transformation costs take some shine off Jardine Lloyd Thompson first half
Jardine Lloyd Thompson Group issued its interim results for the six months ended 30 June on Thursday, reporting total revenue growth of 3% to £713. 5m year-on-year, and organic revenue growth of 4%.
North America fuels record half-year profit at National Express
National Express reported record half-year profit led by strong revenue growth at the bus and rail operator’s North American business.
Polymetal on target for full-year production after good first half
Polymetal International announced its production results for the second quarter and six months ended 30 June on Thursday, reporting 324 Koz of gold equivalent production in the second quarter - up 16% year-on-year.
Millennium & Copthorne to take a hit from London Mayfair hotel closure
Millennium & Copthorne Hotels announced on Thursday that, as part of its commitment to increase investment in its assets as it announced in its preliminary results for the period ended 31 December, a decision has been made to close the Millennium Hotel London Mayfair entirely during the remainder of its refurbishment programme.
Anglo American on track for cost improvements after decent underlying first half
Anglo American published its interim results for the six months ended 30 June on Thursday, reporting that it reduced its net debt by 11% since the end of 2017 to $4bn, making for a net debt-to-underlying EBITDA ratio of 0. 4x.
Renishaw looks for further growth as it posts record results
Renishaw posted its preliminary results for the year ended 30 June on Thursday, reporting record revenue of £611. 5m, with growth at constant exchange rates of 18%.
Intu CEO Fischel to leave as shopping centre operator suffers loss
Intu Properties announced the departure of chief executive David Fischel as the shopping centre operator swung to a first-half loss caused by a fall in the value of its estate.
Facebook flops after warning of revenue slowdown, margin squeeze
Facebook published disappointing second quarter results late overnight as the social media giant's revenues and user numbers fell short of expectations, while profits margins contracted as its battles to improve data protection and combat fake news.
Virgin Money profits rise as it makes good operational progress
High street challenger bank Virgin Money Group issued its results for the half-year to 30 June on Thursday, reporting a 10% increase in underlying profit before tax to £141. 6m year-on-year.
Inchcape's strong distribution performance offsets poor retail showing
Despite a challenging UK market, car showroom operator Inchcape's strong international diversification and beginning of its 'Ignite' strategy ensured underlying profits grew in the first half.
KAZ Minerals pleased with first half as Aktogay concentrator reaches capacity
KAZ Minerals issued its first half production report on Thursday, reporting an 18% improvement in copper production to 139. 6 kt year-on-year.