News And Announcements
Close Bros agrees sale of asset management arm, reports solid year
Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.
Judges Scientific earnings fall in challenging first half
Judges Scientific, a specialist in acquiring and developing scientific instrument companies, reported a decline in first-half profits on Thursday amid subdued trading conditions and challenging market environments, while it bolstered its shareholder return with a 10% increase in its interim dividend.
S4 Capital maintains profit targets after tough first half
S4 Capital maintained its full-year profit targets in its interim results on Thursday, despite a significant drop in net revenue, as it warned of a bigger-than-expected fall in full year net revenue.
Ocado Retail lifts full-year guidance as Q3 revenues jump
Online grocer and logistics group Ocado has upgraded its revenue guidance for its retail division following a strong third-quarter performance which saw revenues jump as both customer numbers and the number of orders rose.
Hill & Smith appoints Rutger Helbing as CEO
Hill & Smith said on Thursday that it has appointed Rutger Helbing as chief executive officer with immediate effect.
Bytes Technology hails strong first-half trading
Bytes Technology said on Wednesday that trading has remained strong since it updated the market at its annual meeting in July.
Babcock holds guidance as underlying profits rise
UK defence company Babcock held annual guidance as underlying profit rose in the first five months of the financial year.