News And Announcements
Thyssenkrupp slides as Cevian sells 43m shares
Thyssenkrupp shares slumped on Tuesday after Swedish investment firm Cevian Capital sold 43m shares in the engineer and steel producer in a placing.
Telecom Plus first-half revenues rise but profit drops
Telecom Plus, which trades as Utility Warehouse, reported a drop in half-year profit on Tuesday but a 6% jump in revenue thanks in part to a colder spring relative to the prior year.
Compass Group FY profits grow despite revenue contraction
Foodservice company Compass Group said on Tuesday that both underlying and statutory operating profits had grown in 2021 despite reporting a reduction in revenues.
CRH expecting solid earnings after strong third quarter
CRH reported “strong growth” in its profitability on Tuesday, as well a further margin expansion, with sales rising 11% for the first nine months of the year, to $22. 8bn.
Cranswick H1 revenue and profits grow
Food producer Cranswick left its full-year guidance in place on Tuesday despite posting interim profits that topped expectations.
Bodycote warns on revenue as shortages hit auto unit
Heat treatment specialist Bodycote warned full year revenues would be lower due to supply chain bottlenecks in the automotive industry.
Severn Trent accelerates river quality target as profits rise
Water utility Severn Trent said it was accelerating plans to improve river quality as it reported a rise in half-year profits.
Pets at Home backs FY guidance as interim profits jump
Pets at Home backed its full-year profit guidance on Tuesday as it posted a jump in interim profit and revenue, highlighting a rise in pet ownership.
Softcat sees profit, revenue growth in Q1
IT infrastructure technology and services company Softcat reported first-quarter profit and revenue growth driven by high demand.
Coats revenues rise 22% on economic recovery
Industrial thread maker Coats reported a rise in organic revenue as demand recovered from the Covid pandemic and new business wins lifted performance.
Reach sees trading ahead of expectations as registrations rise
UK newspaper publisher Reach on Tuesday said trading was ahead of expectations, driven by a rise in customer registrations for its websites.