News And Announcements
DS Smith overdelivers on profits, sounds bullish note on outlook
DS Smith posted better-than-expected full-year profits despite falling short of some analysts' estimates for topline growth, while sounding a bullish note on the outlook for "certain export-led markets" and revising higher some of its medium-term financial targets.
Nelson Peltz's Trian builds 5.98% stake in Ferguson
Funds controlled by Trian Fund Management have amassed a 5. 98% stake in plumbers' merchant Ferguson.
PwC fined £4.5m over 2016 Redcentric audits
Big Four accounting firm PricewaterhouseCoopers has been fined £4. 55m over its 2016 audit of IT management firm Redcentric, the Financial Reporting Council said on Thursday.
SSE to close last-remaining UK coal plant
SSE has announced the closure of its last remaining and loss-making UK coal-fired plant, Fiddler's Ferry in Warrington, Cheshire.
Go-Ahead confirms extension to Southeastern rail franchise
Transport operator Go-Ahead has confirmed an extension of its Southeastern rail franchise.
Jackpot Joy owner JPJ to buy bingo software developer Gamesys
Jackpot Joy owner JPJ Group has agreed to buy bingo software developer Gamesys for around £490m.
City watchdog slams disgraced RBS unit, defends decision to take no action
There was clear evidence a controversial Royal Bank of Scotland unit mistreated customers, the Financial Conduct Authority said on Tuesday – but reiterated it was unable to sanction the bank.
Amazon extends collaboration with UK retailer Morrison
Amazon is extending its alliance with UK retailer Morrison to offer ‘same-day online grocery delivery’ service to more cities across Britain.
Hornby narrows losses as discounting comes to an end
Hornby's annual losses have narrowed as discounting at the model train maker comes to an end.
Polymetal more than doubles ore reserves at Veduga
Miner Polymetal International saw ore reserves at its Veduga gold deposit more than double to 2. 8m ounces following an extensive exploration campaign at the site.
Cineworld to pay special dividend after $270m sale and leaseback transaction
Cineworld said on Thursday that it will reward shareholders with a special dividend after it completed a $270m sale and leaseback transaction of 18 US multi-screen cinemas, which between them hold 255 screens.
BBGI SICAV increases stake in Dutch road project
Infrastructure investment firm BBGI SICAV on Thursday said it had increased its stake in the Netherlands A1/A6 road project for an undisclosed sum.
PZ Cussons' profits expectations in line as Nigerian issues continue
PZ Cussons said on Thursday that its annual profit is expected to have dropped in line with guidance as the soap maker continued to be hampered by a weak consumer backdrop in Nigeria.
Majestic Wine swings to loss, in 'advanced' talks about retail sale
Majestic Wine said on Thursday that it swung to a full-year loss, as it confirmed it is in advanced talks about the potential sale of its retail brand and announced the departure of chairman Greg Hodder.
Germany raises €6.5bn in 5G auction as operators complain over price
Germany raised a higher-than-expected total of €6. 55bn (£5. 84bn) from an epic 5G mobile spectrum auction that left operators fuming about the prices they paid.
Just Group committed to capital self-sufficiency, sees scope for further cost cuts
Retirement products specialist Just Group said on Thursday that it remained committed to delivering capital self-sufficiency by 2022 and will target further cost cuts in its US care business.
Tesco reports modest sales growth in 'subdued' market
Tesco said first quarter like-for-like sales rose 0. 2% to £13. 9bn, with UK sales up 0. 4% to £9bn and growth at the newly acquired Booker over the period.