News And Announcements
Provident Financial overhauls board with dividend revival in sight
Provident Financial announced a board overhaul and said it was on track to restore its dividend even after the troubled subprime lender’s profit more than halved in the first half.
De Beers rough diamond sales fall due to seasonal demand, says Anglo American
Anglo American announced the value of rough diamond sales - that is, global sightholder sales and auction sales - for De Beers' sixth sales cycle of 2018 on Tuesday, amounting to a provisional $530m.
Glencore posts some decent first-half production numbers
Glencore issued its half-year production results on Tuesday, reporting that its own-sourced copper production of 696,200 tonnes was 53,300 tonnes or 8% higher year-on-year, with cobalt production of 16,700 tonnes being 4,000 tonnes or 31% higher.
Standard Chartered first half profit rises
Standard Chartered’s first-half profit rose by almost a quarter as revenue rose and bad debts halved at the emerging markets-focused bank.
Completions slip but selling prices firm at Taylor Wimpey
Taylor Wimpey posted its half-year results for the period ended 1 July on Tuesday, with group total completions falling to 6,497 homes from 6,648 a year ago, excluding joint ventures.
Indivior beats Dr Reddy's in the courts again
Indivior's lawyers have achieved another victory in the drug developer's ongoing US court battle, which will prevent rival Dr Reddy's Laboratories from selling its generic version of Suboxone Film.
Fresnillo bumps up gold production targets after first half
Fresnillo issued its interim results for the six months ended 30 June on Tuesday, reporting an 11. 3% improvement in adjusted revenue to $1. 19bn.
Centrica focussed on strategy after another disappointing first half
Centrica posted its interim results for the period ended 30 June on Tuesday, reporting “stable” adjusted gross margin and EBITDA relative to the first half of last year, with adjusted operating cash flow falling 11% to £1. 1bn.
BP profit surges on oil price recovery
BP reported second-quarter profit four times higher than a year earlier, boosted by higher oil prices, as the oil company increased its dividend for the first time since 2014.
Expansion-hungry Rentokil Initial pleased with first half
Rentokil Initial reported “continued positive momentum” across its businesses in its first-half results on Tuesday, leaving its full-year guidance unchanged as its ongoing revenue grew 14. 2% to £1. 17bn.