News And Announcements
Renishaw Q1 pre-tax profits surge on improved revenues
Engineering company Renishaw said on Thursday that group revenues and profits had grown in the first quarter of its current trading year thanks to improving global macroeconomic conditions over the last twelve months.
Vivo Energy to exceed previous forecasts as it opens more sites
Africa-focussed fuel and lubricant retailer Vivo Energy reported a 4% improvement in gross cash profit year-on-year for its third quarter on Thursday, to $195m (£141. 37m), as strong site openings saw it raise its forecasts.
Strong US market underpins first quarter growth for Dechra
Dechra Pharmaceuticals described trading in the first quarter of its financial year as “strong” in an update on Thursday.
St. James's Place lifts expectations after record third quarter
St. James’s Place reported funds under management of £148. 06bn as at 30 September on Thursday, up from £118. 7bn year-on-year, making for a record third quarter close, as it lifted its expectations for the full year.
Rentokil revenue rises but disinfection sales plunge
Rentokil Initial's revenue rose in the third quarter as sales of pest control and non-disinfection hygiene services offset a sharp decline in disinfection sales.
Victrex bolsters green credentials as it joins SBTi
Victrex announced a commitment to the green-focussed ‘Science Based Target initiative’ (SBTi) on Thursday, which it said was in addition to its 2030 ‘carbon net zero’ goal.
Lancashire expecting losses from Hurricane Ida, storms of up to $185m
Lancashire announced on Thursday that it has exposures to a number of recent natural catastrophe events, including hurricane Ida and the European storms Bernd, Volker and Xero.
FirstGroup fully exits North America with $172m Greyhound sale
FirstGroup announced the sale of Greyhound Lines to a wholly-owned subsidiary of FlixMobility on Thursday, completing its stated strategy to focus on its UK public transport businesses.
China Evergrande shares slump as $2.6bn asset sale collapses
Shares in real estate developer China Evergrande slumped in Hong Kong after the company said a potential sale of its property services unit had collapsed.
Relx revenue, earnings growth 'above historical trends'
Business information and analytics provider Relx reported underlying revenue growth of 6% in the first nine months of 2021 on Thursday, adding that it expected full-year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to be above historical trends.
Barclays profit hits record as bad debts released
Barclays reported a record £6. 9bn of profit for the first nine months of 2021 as the bank released bad debt provisions made earlier in the pandemic.