News And Announcements
St James's Place outlines new growth targets, cost-cutting measures
Wealth management firm St James's Place outlined new growth targets and cost-cutting measures on Tuesday, sending the shares higher on early trading.
WPP appoints ex BT boss Philip Jansen as new chair
Advertising firm WPP said on Tuesday that it has appointed Philip Jansen - the former chief executive of BT Group - as its new chairman.
Sage reports slight Q3 slowdown in North America
Shares in Sage fell sharply on Tuesday after the enterprise software group reported a slight slowdown in top-line growth in its third quarter.
Spectris H1 operating profits fall as sales slow
Precision instruments supplier Spectris said on Tuesday that operating profits had fallen in the six months ended 30 June amid a drop in both sales and operating margins.
Games Workshop posts solid growth in revenue, profit
Games Workshop Group reported significant growth in both revenue and profit in its annual report on Tuesday, with core revenue rising to £494. 7m, from £445. 4m.
Essentra returns to growth in Q2, first-half revenue slips
Essentra reported a return to growth in its second quarter on Tuesday, and maintained its full-year expectations.
Revenue, operating profit falls amid challenging market for Bodycote
Bodycote reported a mixed first-half performance on Tuesday, amid a challenging market, as organic revenue grew by 1. 5% excluding surcharges, while total revenue declined 5% to £399m due to lower surcharges and foreign exchange headwinds.
Ascential tops first-half expectations after agreeing takeover by Informa
Events and business information company Ascential announced a solid set of first half results on Tuesday, surpassing market expectations.
Inchcape reports first-half growth after agreeing sale of retail arm
Inchcape reported a resilient first-half financial performance on Tuesday, with revenue growing 8% at constant currency and 4% on a reported basis, to £4. 7bn.
ConvaTec reiterates guidance after first-half revenue growth
Woundcare and medical products and technology specialist ConvaTec announced a robust set of interim results on Tuesday, with broad-based organic revenue growth of 6. 6%.
Croda cuts full-year profit outlook
Chemicals company Croda cut its full-year profit outlook on Tuesday as it pointed to a weaker-than-expected performance in life sciences, with continued destocking in crop protection and consumer health.
Senior inks five-year supply deal with Rolls-Royce
Components and systems manufacturer Senior announced a significant five-year contract with Rolls-Royce on Tuesday.
Paragon holds guidance as volumes, margins perform
Paragon Bank confirmed full-year guidance as volumes margins and costs during the third quarter were in line with expectations.
Weir Group scales back revenue guidance for full year
Scottish mining-focused engineering group Weir reported a small rise in first-half adjusted profits and said that strong aftermarket demand has bolstered its project outlook, though full-year revenues will likely miss forecasts.
Glencore to reveal decision on coal demerger next week
Commodities miner and trader Glencore held annual production guidance and said it would reveal whether a planned demerger of its coal and carbon steel assets would go ahead at interim results next week.
Greggs benefits from expanded range as interim profits rise
Bakery chain Greggs lifted its interim dividend on Tuesday as it reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
UK's FCA considering redress scheme for motor finance claims
The UK’s financial watchdog said it was considering a compensation scheme for motor finance customers who complained about commission payments but was extending a deadline for companies to respond.
BHP, Lundin bid $3.25bn bid for Filo to expand copper presence
Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada’s Lundin Mining which in turn would offer $3. 25bn to acquire Filo Corp.
Diageo profits hit by weaker performance in Latin America, Caribbean
Diageo reported a drop in full-year organic operating profit on Tuesday as it pointed to a weaker performance in Latin America and the Caribbean (LAC).
BP unveils more share buybacks after beating Q2 profit forecasts
BP swung into the red on a reported basis in the second quarter as a result of $2. 77bn of so-called "adjusting items", but that didn't stop the energy giant from beating market forecasts on an underlying basis and unveiling another $1. 75bn share buyback programme.