News And Announcements
CVS Health lowers guidance after mixed second quarter
CVS Health Corporation revealed a mixed second-quarter performance on Wednesday, as well as a downward revision to its full-year earnings guidance due to continued pressure in its health care benefits segment.
Disney's theme parks drag on third quarter results
Walt Disney reported a mixed third-quarter performance on Wednesday, driven by significant growth in its streaming business, offset by challenges in its theme park operations.
British Land to vote against Cineworld restructuring - report
British Land is reportedly considering voting against a restructuring of Cineworld's British operations that could lead to the closure of dozens of sites.
Ibstock shares gain on outlook for sector despite profits, sales slump
Brick maker and building supplies company Ibstock reported a slump in first-half profits and sales as Britain’s soggy summer hit the construction industry but sounded a note of cautious optimism around medium-term prospects under the new Labour government's plans to accelerate house building, sending shares in the company higher.
Bansk Group to buy PetIQ in $1.5bn deal
PetIQ said on Wednesday that it has agreed to be bought by New York-based private investment firm Bansk Group in a $1. 5bn deal.
Braveheart increases investment in Image Scan
Braveheart Investment Group announced on Wednesday that it has expanded its investment in Image Scan Holdings, a company within its portfolio that specialises in security imaging solutions.
Evotec tumbles after profit warning
Evotec tumbled on Wednesday after the German biotech firm warned on profits.
MaxCyte reports solid second-quarter performance
Cell engineering company MaxCyte reported a robust financial performance for its second quarter on Wednesday, with total revenue reaching $10. 4m, a 15% increase compared to the same period in 2023.
Lyft futures plummet despite surprise Q2 profit, as guidance disappoints
Lyft announced its first-ever quarter in the black on Wednesday on the back of a record number of rides, but shares tanked in pre-market trading as guidance for the current quarter disappointed investors.
Greencoat Renewables acquires 50pc stake in South Meath Solar Farm
Greencoat Renewables announced on Wednesday that it has completed the acquisition of a 50% stake in the 80. 5MWp South Meath Solar Farm, in County Meath, Ireland.
Tesla to recall 1.7m cars in China over bonnet latch problem
Tesla is to issue a software update to nearly 1. 7m cars in China to fix an issue with the bonnet latch that affected a similar number of vehicles in the US last month.
Expanded Property Franchise Group sees revenues surge
Multi-brand property franchisor the Property Franchise Group announced a surge in revenue for the first half on Wednesday , following its merger with Belvoir Group and the acquisition of GPEA.
Apax announces investment in HR software firm GreytHR
Apax Global Alpha (AGA), a closed-ended investment company that offers access to Apax Private Equity Funds, announced an upcoming strategic investment in greytHR, a human resource management software (HRMS) platform based in India.
SoftBank unveils share buyback as losses narrow
Technology investing giant SoftBank Group reported a significant reduction in losses for its fiscal first quarter on Wednesday, alongside a bold plan to repurchase up to $3. 4bn worth of its shares.
Vodafone launches €500m share buyback
Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.
Puma narrows full-year profit guidance, shares tank
Puma tanked on Wednesday as the sportswear maker narrowed its full-year core profit forecast, noting that macroeconomic and geopolitical challenges were weighing on consumer sentiment.
Commerzbank plans big share buyback despite profit dip
Commerzbank, Germany's second-largest listed bank, announced a 4. 8% decline in second-quarter net profit on Wednesday, reporting earnings of €538m compared to €565m in the same period last year.
Maersk upgrades guidance after strong second quarter
Maersk reported a significant improvement in its second-quarter financial performance on Wednesday, driven by strong volume growth across all of its business segments.
Novo Nordisk lifts sales outlook but Q2 profits miss the mark
Shares in Novo Nordisk slumped in Copenhagen on Wednesday after the Danish pharma group missed forecasts with its second-quarter profits and cut its earnings guidance for the full year.
Ofwat to appoint independent monitor to Thames Water
Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water’s progress in turning the business around after the water company lost two investment grade credit ratings.