News And Announcements
Boohoo should get shareholder approval before disposals, says Frasers
Frasers Group published an open letter on Wednesday in which it urged the board of Boohoo not to dispose of any assets without prior shareholder approval.
Soaring demand for weight-loss drugs boost profits at Novo Nordisk
Novo Nordisk posted quarterly numbers broadly in line with expectations on Wednesday, as demand for its weight-loss drugs continued to boom.
Shares in Ashtead rally on Trump victory
Shares in Ashtead Group soared on Wednesday, on hopes US revenues at the British firm would be boosted following the historic re-election of Donald Trump as president.
UniCredit, Commerzbank deliver contrasting quarters amid tie-up chatter
Italian bank UniCredit and Germany’s Commerzbank delivered contrasting third-quarter earnings on Wednesday as UniCredit pursued an increased stake in Commerzbank, potentially setting the stage for one of Europe’s largest banking mergers in over a decade.
Trading on track at Nichols, shares spark
Nichols said it remained on track to meet full-year guidance on Wednesday, as the Vimto-owner reiterated its longer-term growth plans.
YouGov full-year revenue inches past August guidance
YouGov reported a modestly positive performance for the financial year ended July on Wednesday, with revenue reaching £335. 3m, a 30% year-on-year increase, slightly surpassing its August guidance.
TBC Bank posts robust third quarter
TBC Bank Group posted a robust set of third-quarter results on Wednesday, with net profit rising 15. 6% year-on-year to GEL 347. 26m (£98. 21m), supported by solid income growth across segments.
FCA approves AO World's MusicMagpie takeover
Online electronics retailer AO World has received approval from the Financial Conduct Authority for its £10. 0m cash takeover of MusicMagpie.
Wetherspoons hails 'record' sales, highlights rising costs
Pub chain JD Wetherpoon said on Wednesday that it was "confident of a reasonable outcome for the year" as it reported record sales but highlighted rising costs.
Conduit expects $50m hit from large loss events in Q3
Reinsurance business Conduit said on Wednesday that the industry had experienced "a significant level of natural catastrophe and large loss activity" in FY24, with activity across smaller and mid-size natural catastrophes and large risk events elevated in Q3.
Persimmon shares drop on falling Q3 completions, rising costs
Housebuilder Persimmon saw shares fall sharply on Wednesday as housing completions dipped slightly in the third quarter and the company warned of rising building costs heading into 2025.
Revenues strengthen at Spirent despite tough market
Spirent Communications saw revenues tick higher in the third quarter, the telecoms testing specialist said on Wednesday, despite "challenging" market conditions.
Lancashire Holdings announces special dividend as profits grow
Lancashire Holdings posted a 9% jump in premiums written on Wednesday as it announced a special dividend, sending shares in the insurer surging.
Wise reports strong first half
Wise reported a strong first-half financial performance on Wednesday, with revenue up 19% to £591. 9m, and underlying income reaching £662. 4m.
OSB sees 'gradual return of confidence' across core markets
Lending and retail savings group OSB said on Wednesday that there had been signs of "a gradual return of confidence" across its core markets since 1 July.
Prudential posts rise in Q3 new business profit
Prudential reported an 11% increase in new business profit to $2. 35bn for the first nine months of the year on Wednesday, buoyed by its multi-channel distribution strategy and strong geographic diversity.
Senior names Alpna Amar as CFO
Manufacturing and engineering business Senior named Alpna Amar as chief financial officer on Wednesday, with effect from May 2025.
Marks & Spencer first-half profits beat expectations
Marks & Spencer reported better-than-expected first-half profits on Wednesday as it said the food and clothing segments have now delivered market share growth for four consecutive years.
Phoenix Group taps Nic Nicandrou for CFO
Savings and retirement business Phoenix Group revealed on Wednesday that Nic Nicandrou had been appointed to the role of chief financial officer, with effect from 2 December.
Domino’s Q3 orders boosted by delivery
Domino’s Pizza posted a jump in third-quarter orders on Wednesday, underpinned by delivery orders.