News And Announcements
Bellway eyes return to growth as first-half profits slump
Interim profits at UK housebuilder Bellway dropped by more than a half on the back of a slump in housing completions and a deterioration in margins, but the company pointed to an improving economic outlook as mortgage rates continue to fall back.
Petershill Partners confident despite slide in income and profits
Petershill Partners reported an adjusted profit after tax of $200m in its preliminary results on Monday, down from $273m year-on-year.
Ocado Retail sees strong first-quarter growth
Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8. 1% year-on-year increase in total item volumes propelling retail revenue to £645. 3m, itself up 10. 6%.
Pets at Home backs FY profit expectations
Pets at Home backed its full-year profit guidance on Tuesday as fourth-quarter trends have been as expected.
Smiths Group in £100m buyback as H1 earnings rise; Names new CEO
UK engineering group Smiths named a new chief executive and launched a £100m share buyback as it reaffirmed annual guidance after a rise in half-year earnings.
Affordable housing developer Vistry to build 1,900 new homes
Affordable housing group Vistry has signed two new partnership agreements that will see it build 1,900 new homes in East Anglia and the South of England.