News And Announcements
IAG abandons pursuit of Air Europa
British Airways and Iberia owner IAG said on Thursday that it had terminated its agreement to buy Air Europa as it would not be in the best interests of shareholders "in the current regulatory environment".
Mondi confident despite fall in first-half earnings
Mondi reported a solid first-half performance on Thursday, despite facing market challenges, as underlying EBITDA fell to €565m from €680m year-on-year, resulting in an EBITDA margin of 15. 1%.
SocGen cuts outlook for French retail bank, shares tumble
Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
BMW profit margin narrows on China weakness
BMW reported a decline in its automotive segment's profit margin for the second quarter on Thursday, driven by increased competition and weakening demand in China, a crucial market for the German carmaker.
Volkswagen shares slip as it extends cost-cutting programme
Volkswagen shares declined on Thursday, after the German carmaker announced it would extend its cost-cutting measures beyond the second half of 2024.
Moderna lowers guidance after fall in quarterly revenue
Moderna reported a significant fall in second quarter revenue on Thursday, to $241m, down from $344m in the same period last year, as it lowered its full-year guidance amid weak Europe sales and a competitive US market.
Serco H1 revenue and profits decline, maintains FY guidance
Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Coats Group lifts guidance after strong first half
Industrial thread specialist Coats Group announced a robust set of interim results on Thursday, with a 7% increase in revenue to $741m, and revenue growth accelerating to 8% on a constant exchange rate (CER) basis, leading to an upgrade to its full-year guidance.
Qinetiq secures €284m contract with German Armed Forces Procurement Office
Defence and security firm Qinetiq has secured an aerial training services contract with the German Armed Forces Procurement Office for the Bundeswehr, Air Force, Army, Navy and Special Forces.
Pets at Home maintains FY guidance, hails 'resilient' start to year
Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.
Capital & Regional raises dividend after strong first half
Shopping centre real estate investment trust Capital & Regional reported a strong set of first-half financial results on Thursday, marked by a 17. 1% increase in net rental income (NRI) to £13. 7m.
Wizz Air lowers FY guidance, Q1 profits disappoint
Low-cost carrier Wizz Air slashed full-year guidance on Thursday as it revealed Q1 profits had nearly halved.
Robert Walters swings to first-half loss amid ‘challenging’ markets
Recruiter Robert Walters said on Thursday that it swung to a loss in the first half amid challenging conditions.
LSEG reports consistent business-wide first-half growth
London Stock Exchange Group (LSEG) reported consistent growth across its divisions in its interim results on Thursday, alongside improved profitability and significant shareholder returns.
Haleon H1 profits grow despite revenue contraction
Consumer healthcare business Haleon said on Thursday that profits had grown in the six months ended 30 June, driven by solid H1 sales of its vitamins and oral health products.
Rolls-Royce lifts FY profit guidance after strong first half
Rolls-Royce lifted its full-year profit guidance on Thursday as it hailed a strong first half and said it was reinstating dividends.
Melrose beats first-half forecasts but warns of supply challenges
Aerospace group Melrose Industries reported a strong set of first-half results on Thursday, ahead of its expectations, with adjusted operating profit up 62% to £247m, although it adjusted its 2025 revenue targets amid “industry-wide” supply chain challenges.
Elementis lifts FY outlook after 'strong' first half
Elementis lifted its full-year outlook on Thursday as it hailed a "strong" first-half delivery and announced a strategic review of its talc business.
Schroders shares slide despite record high assets under management
Shares in Schroders were sliding on Thursday morning even after it announced a record high assets under management (AUM) of £773. 7bn in its half-year results, up from £726. 1bn a year earlier.
Vanquis Banking H1 losses widen amid transformation efforts
Sub-prime lender Vanquis Banking said on Thursday that interim losses had widened even as it made "good progress" on its transformation efforts.