News And Announcements
Morgan Advanced Materials lifts expectations after first half performance
Morgan Advanced Materials posted a 0. 6% rise in its first-half revenue for the six months to 30 June on Thursday, to £521. 8m, or a 7. 8% improvement based on constant currencies.
RELX makes good underlying progress in first half
Information and analytics company RELX Group reported continued underlying growth in revenue, operating profit and earnings in the first half on Thursday, with underlying revenue rising 4% to £3. 65bn or €4. 16bn.
Smith & Nephew underlying growth remains slow, as expected
Smith & Nephew's growth slowed a little in the second quarter as expected but earnings beat forecasts and the medical products group said it remained on course for the full year.
Lancashire Holdings preparing for wind season after mixed first half
Bermuda-based specialty insurance provider Lancashire Holdings issued its results for the six months ended 30 June on Thursday, reporting a fully-converted book value per share of $5. 70, down from $6. 23 a year ago.
Howden Joinery 'in good shape' after well-built first half
Howden Joinery assembled some solid numbers in its half-year report on Thursday, with group revenue rising to £619. 4m in the 24 weeks to 16 June, compared to £553m in the comparative period last year.
Pig iron production drives crude steel output at EVRAZ
EVRAZ released its trading update for the second quarter on Thursday, reporting a 3. 9% quarter-on-quarter improvement in consolidated crude steel output to 3. 5 million tonnes, primarily due to higher pig iron production.
AstraZeneca sees return to growth as new drugs perform
AstraZeneca said it was on track for product sales to return to growth after the drug company reported strong growth for its new medicines in the first half.
Profits rise at SEGRO as it works on massive development pipeline
SEGRO issued its results for the six months ended 30 June on Thursday, reporting “strong” operating, financial and portfolio performance metrics, with significant pre-let development commitments underpinning future income growth.
Investments in tech and content paying off for Sky
Sky reported a 5% improvement in like-for-like revenue in its results for the 12 months ended 30 June on Thursday, to £13. 6bn.
Bodycote expects full-year results to be 'marginally ahead' of consensus
Heat treatment specialist Bodycote turned in a strong set of first-half results in its Thursday morning statement and took the opportunity to raise expectations for its full-year results.
Johnson Matthey first-quarter sales in line, backs FY guidance
Johnson Matthey said on Thursday that first-quarter sales were in line with its expectations as the speciality chemicals group backed its guidance for the full year.
Cobham firm on expectations despite Boeing payment delays
Defence and aerospace manufacturer Cobham's shares dropped on Thursday after Boeing withheld payment over the KC-46 aircraft refueling tanker program.
Diageo annual profit rises as gin boom drives Tanqueray sales
Diageo’s annual profit rose 6% as thirst for Tanqueray gin and Johnnie Walker whisky helped sales increase across the drinks company's regions.
Spectris hopes for uplift after tapping Andrew Heath for CEO role
Spectris has appointed former Imagination Technologies and Alex boss Andrew Heath as chief executive designate, the instruments maker revealed on Thursday.
GlaxoSmithKline's COPD biologic rejected by FDA advisory board
GlaxoSmithKline's application to market a new biologic drug for chronic obstructive pulmonary disease has been rejected by the advisory board of the US medical watchdog, though the company remains confident in the drug as a COPD treatment.
Shell launches $25bn buyback as profit misses estimates
Royal Dutch Shell launched a $25bn (£19bn) share buyback as the oil producer posted a 30% increase in second-quarter profit that fell short of expectations.
Schroders interim pre-tax profit, AuM rise
Schroders reported a rise in first-half pre-tax profit on Thursday as assets under administration and net inflows edged higher and the asset manager lifted its interim dividend by 3%.
British American Tobacco burned by currency swings
British American Tobacco reported a fall in pro forma revenue for the first half of the year due to currency swings and a fall in cigarette and tobacco heating product volumes, though underlying earnings remained solid and on track for the full year.
Compass Q3 revenue up 5.7%, backs full-year expectations
Catering company Compass Group reported a jump in third-quarter revenue on Thursday as it said it continues to trade "well" and backed its full-year expectations.