News And Announcements
UK retail stock shortages worst for 35 years - CBI
Shortages of retail products hit a level not seen for more than 35 years in October as stock failed to keep pace with rising demand, a survey showed.
Whitbread paying higher wages, bonuses to keep staff as losses narrow
Premier Inn owner Whitbread said interim losses narrowed as sales rebounded, with room revenues potentially hitting full recovery next year and added it was paying higher wages and a retention bonus to combat labour shortages.
Providence mobilises survey vessel to Barryroe field
Ireland-focussed energy company Providence Resources updated the market on its operations on the Barryroe field on Tuesday, which lies in water 100 metres deep in the North Celtic Sea Basin, about 50 kilometres off the south coast of Ireland.
Tremor inks content deal for Hisense smart TV system
Video and connected television advertising company Tremor International announced a “global and exclusive” strategic partnership with VIDAA, a smart TV operating system and content platform preinstalled on most television sets manufactured by Chinese consumer electronics marque Hisense.
IG Design lowers earnings expectations amid supply-chain crunch
Stationery and giftware company IG Design Group reported first half like-for-like revenue up 11% on the prior year on Tuesday, and up 5% on pro forma revenues for the six months to 30 September 2019, pre-pandemic, while it lowered earnings expectations amid substantial supply-chain disruption.
Palace Capital Chairman Davis to stay until end of 2021
Palace Capital said departing chairman Stanley Davis had agreed to stay on until the end of 2021 while it looks for a replacement.
Strix launching two new instant hot water products
Kettle safety and potable water technology company Strix Group announced the launches of Aurora and Dual Flo as “key extensions” of its small domestic appliances category on Tuesday.
RWS Holdings ends year with profit ahead of forecasts
Language, content management and intellectual property technology company RWS Holdings said on Tuesday that adjusted profit before tax for its financial year was expected to be ahead of market consensus, with revenue within the range of market expectations.
Heathrow says traffic won't recover fully until 'at least' 2026
Heathrow said on Tuesday that it does not expect traffic to fully recover until at least 2026 as it reported a narrowing of its losses for the nine months to the end of September.
Polymetal gold equivalent production decreases in Q3
Precious metals miner Polymetal International said on Tuesday that third-quarter gold equivalent production had decreased by 8% year-on-year to 437,000 ounces.
Hochschild reports strongest quarter of 2021
Hochschild Mining reported its strongest quarter of the year and said it was on track to meet annual production and cost targets.
Bunzl Q3 revenues up despite Covid product sales decline
Distribution and services group Bunzl said third quarter revenues rose driven by a strong recovery in its core business.
Softcat posts record FY results amid solid demand
IT infrastructure and services provider Softcat reported record full-year results on Tuesday amid strong public sector demand and a recovery in the corporate sector.