News And Announcements
Micro Focus expects lower FY revenues in 2021
Software firm Micro Focus warned on Thursday that full-year group revenues were expected to have declined year-on-year despite seeing license revenues improve throughout 2021.
Enquest tumbles after production guidance cut
Enquest shares tumbled after the oil and gas company cut its production guidance for the second time in less than three months.
Mitie reinstates interim dividend, maintains full-year guidance
Facilities management and outsourcing company Mitie reported a 103% improvement in first-half revenue on Thursday, to £1. 91bn, including its share of joint ventures and associates.
Close Brothers makes 'encouraging start' to FY
Merchant banking group Close Brothers said on Thursday that it had made "an encouraging start to the year", with a strong performance in its banking unit and "good growth momentum" at Close Brothers Asset Management.
Euromoney revenue up 'slightly' as business recovers
Euromoney Institutional Investor reported a “slight” increase in group revenue in its full-year results on Thursday, coming in at £336. 1m compared to £335. 3m a year ago, although on an underlying basis revenue was down 2%.
Investec lifts earnings guidance after strong first half
Investec reported first half revenue growth of 30. 5% on Thursday, to £951. 1m, which it put down to “strength” in its client franchises and improved market conditions, as it lifted its earnings guidance for the full year.
Hochschild to raise $100m from Aclara float
Precious metals miner Hochschild Mining said it planned to raise around $100m from the Canadian market float of its rare earth minerals unit Aclara Resources, valuing it at $237m.
Metro Bank and Carlyle scrap takeover talks
Metro Bank and Carlyle Group have called off talks about a potential takeover of the UK lender by the private equity firm.
National Grid ups guidance after strong first half
National Grid upgraded its full-year guidance as the power network operator reported a strong rise in first-half profit.
Rotork revenues feel squeeze from parts shortages
Flow control and instrumentation maker Rotork said second half revenue would be squeezed as supply-chain pressures continued.
Crest Nicholson lifts FY profit expectations
Housebuilder Crest Nicholson lifted its full-year profit expectations on Thursday as the contribution from the sale of its share in the Surrey Longcross film studio was more than expected.
Halma reports record first-half results
Halma posted record first-half results on Thursday amid strong growth across all sectors and it backed its full-year expectations as it forecast more typical rates of revenue growth in the second half of the year.
Royal Mail to return £400m to shareholders as profit soars
Royal Mail said it would return £400m of cash to shareholders as the company reported soaring first-half profit fuelled by a boom in parcel deliveries.
Flybe relaunched with Birmingham base and no firm route plans
UK airline Flybe was relaunched with a new home base of Birmingham on Wednesday, although its route network was still up in the air.