News And Announcements
Next raises profit guidance after strong first half
Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6. 7% increase compared to last year, following a robust sales performance in the first half.
Vesuvius lowers full-year expectations
Vesuvius tumbled on Thursday after it said end markets were weaker than expected in the first half and that full-year headline trading profit was set to be "only slightly ahead" of last year on a constant currency basis.
Smith & Nephew H1 profits come in ahead of expectations
Medical equipment manufacturer Smith & Nephew said on Thursday that interim profits had come in ahead of market expectations, thanks in no small part to the company's 12-point turnaround plan.
BAE Systems lifts full-year guidance as H1 earnings rise
Defence and aerospace firm BAE Systems lifted its full-year guidance on Thursday as it posted a jump in underlying sales and earnings for the first half.
Barclays raises interest guidance despite fall in first-half income
Barclays reported a return on tangible equity (RoTE) of 11. 1% for its first half on Thursday, down from 13. 2% in the same period last year, with profit before tax slipping to £4. 2b from £4. 6bn, although it raised its full-year net interest income guidance.
Shell Q2 earnings beat expectations, $3.5bn share buyback launched
Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3. 5bn share buyback.