News And Announcements
Sirius Minerals expands relationship with Archer Daniels Midland
Fertilizer development company Sirius Minerals on Tuesday expanded its relationship with US-based agri-business Archer Daniels Midland.
Thomas Cook guides lower on profits, but confident on medium-term outlook
Thomas Cook guided towards the lower end of market expectations for its full-year underlying earnings on Tuesday, blaming the impact from hot weather in June and July and margin pressures on its tour operations in the Spanish islands, amid aggressive competition and bed cost inflation from hoteliers.
Mobile Streams signs games deal with Inlogic Software
Mobile content retailer Mobile Streams has signed a partnership agreement with Inlogic Software, it announced on Tuesday, which includes the provision of eight titles, which will be distributed exclusively by Mobile Streams on a new flagship feature phone in India.
Vedanta directors recommend Agarwal buy-out offer
Vedanta Resources has agreed to be taken private by founder and major shareholder Anil Agarwal for a price equivalent to 825p per share.
Essentra sells Irish paper merchant Swiftbrook
Packaging and component producer Essentra on Tuesday divested the trade and assets of Swiftbrook Ireland for an undisclosed consideration.
IMI lifts expectations after decent first half
IMI posted its interim results for the six months to 30 June on Tuesday, with adjusted revenue rising 8% to £915m and adjusted operating profit up 13% to £120m.
Greencore confident in outlook after third quarter
Convenience foods manufacturer Greencore Group updated the market on its trading for the 13 weeks to 29 June - its third quarter - on Tuesday, reporting revenue growth of 0. 5% year-on-year to £639. 6m on a reported basis.
4imprint first half exceeds its expectations
4imprint said its first-half performance exceeded management expectations as investment in brand marketing brought new customers for the promotional products company.
Shire's quarterly sales rise on immunology demand
Shire reported healthy sales growth in the second quarter as the biotech company pressed ahead with its acquisition by Takeda of Japan.
Coats Group lifts expectations after first half
Industrial thread manufacturer Coats Group issued its unaudited results for the six months ended 30 June on Tuesday, reporting revenue growth of 5% on a constant exchange rate basis to $788m, or 7% growth on a reported basis.
Elementis pleased with performance after disposal of surfactants business
Elementis reported a “good first half performance” in its interim results on Tuesday, with revenue from continuing operations up 10% to $421m, driven by performance in personal care and coatings.
Durex recalls condom batches over split concerns
Reckitt Benckiser-owned Durex has had to recall several batches of condoms made earlier this year due to fears they may split during application or use.
Whistleblowers report L&G to FCA over compliance failures
Employees at Legal & General have reported the company to the Financial Conduct Authority over alleged compliance and risk failures at the insurer’s £1trn asset management arm, the Financial Times reported.
Weir Group misses forecasts for 1H profits, sees pricing pressures in US shale
Weir Group missed analysts' forecasts for the front half of the year as capacity overhangs continued to weigh on its pricing power in the Oil&Gas market.
FCA to take no action against RBS over GRG scandal
The Financial Conduct Authority said it would take no action against Royal Bank of Scotland or former managers of the bank’s GRG unit over its treatment of small business customers.
Games Workshop stumbles despite roaring revenue
Games Workshop saw its shares hit by profit taking on Tuesday even after the tabletop gaming retailer described its Warhammer game as in “good shape”' and annual revenues and profits continues to stomp higher.
Greggs claims resilience amid weak consumer confidence
Greggs said its trading was resilient as the purveyor of sausage rolls and other "food on the go" reported profit down 7% in a first half clouded by bad weather and weak consumer spending.
Dixons Carphone customer data breach much larger than feared
Dixons Carphone revealed on Tuesday that about 10m records containing personal data may have been accessed in a data breach last year, up from its original estimate of 1. 2m customers.
Just Eat raises targets despite slower second-quarter growth
Just Eat delivered tastier first-half results than expected, as a slight slowing of revenue and order growth on the online food ordering website in the second quarter was offset by increased guidance for full year sales.
Travis Perkins warns on profits due to Wickes challenges
Travis Perkins warned on profits for the full year after being dragged to a loss in the first half by its consumer facing Wickes chain, even though its builder's merchant businesses grew at a solid rate.