News And Announcements
Boohoo close to settling US class action
Fast fashion retailer Boohoo said on Thursday that it is close to settling a California court case over fake promotions.
Construction growth picks up despite contract delays - PMI
Growth picked up in the UK construction industry in October but uncertainties over supplies and prices held up new contracts, a survey showed.
IMI ups guidance but warns of currency headwinds
Specialist engineering firm IMI said Thursday lifted earnings guidance after a better-than-expected third-quarter performance, but warned of exchange rate headwinds for the full year.
Virgin Money flags 'strong' full-year performance
Virgin Money UK was expecting “strong” financials for the full year, it said in a trading update on Thursday, with statutory profit before tax expected to be £417m, and its statutory return on tangible equity expected to swing to a positive 10. 2% from a negative 6. 2%.
CMA orders JD Sports to sell Footasylum
The Competition and Markets Authority has ordered JD Sports to sell Footasylum after an in-depth investigation identified competition concerns.
Genel hikes interim payout but guides lower on full-year oil production
Genel Energy hiked its interim dividend by 20% on the back of rising oil prices and burgeoning cash flow, even as it reported delays to testing programmes at the Sarta and Qara Dagh oil fields and guided lower for full-year output.
NCC reports solid trading in first half
NCC reported a solid start to the year in line with expectations with integration of its recent acquisition going according to plan.
Purplebricks tanks after profit warning
Purplebricks shares tumbled on Thursday after the online estate agent warned that full-year earnings will be below previous guidance as new instructions have slowed "significantly" in recent months.
Derwent adds to strong second half with Southwark acquisition
Derwent London said in a trading update on Thursday that £5. 5m of new lettings had been achieved to-date in the second half, at an average 2. 4% above last December’s estimated rental value (ERV).
Apax Global quarterly NAV up on portfolio earnings
Apax Global reported a rise in total adjusted net asset value and earnings per share in the latest quarter as portfolio earnings grew.
Sainsbury's sticks to guidance as H2 profit rises
Sainsbury's stuck to its full-year guidance as the supermarket group reported a 23% increase in first-half profit boosted by higher grocery sales and cost cuts.
Draper Esprit portfolio value rises in higher valuations
Venture capital outfit Draper Esprit on Thursday said it expected its half-year gross portfolio value to be at least £1. 3bn compared with £702m a year ago.
Lancashire Holdings gross premiums up 47%, reiterates disaster losses
Insurer Lancashire Holdings said gross written premiums jumped 47% in the nine months to September 30, driven mainly by growth in property and casualty reinsurance.
TI Fluid Systems Q3 revenues dented by chip shortages, supply chain issues
TI Fluid Systems reported a drop in third-quarter revenues on Thursday amid chip shortages and supply chain issues.
Ultra Electronics wins £65m UK defence contract
Ultra Electronics said it had won a £65m communications contract with the UK’s Ministry of Defence.
Tate & Lyle first half boosted by food & beverages unit
Tate & Lyle reported a rise in first-half profit and revenue on Thursday following a particularly strong performance in the food & beverage solutions business.
Wizz Air returns to profit as Covid curbs lifted
East Europe-focused budget airline Wizz Air swung to a first-half profit as the easing of pandemic restrictions helped its second quarter performance.
Aston Martin revenues jump amid strong demand
Luxury car maker Aston Martin backed its full-year guidance on Thursday as it reported a jump in revenues and a narrowing of its losses amid strong demand for cars such as its DBX.
Smith & Nephew hit by Delta variant and shortages
Smith & Nephew warned annual results would be at the low end of its guidance after Covid-19 and product shortages affected its orthopaedics business in the third quarter.