Latest News
Moneysupermarket's travel business to combine with Icelolly.com
Price comparison website Moneysupermarket. com said on Thursday that its TravelSupermarket business (TSM) will combined with Icelolly. com to enable "stronger and broader travel comparison services across both brands".
Countryside Properties revenues rise but profits hit by writedown
Countryside Properties backed its full-year expectations on Thursday as it reported a jump in revenue amid strength in the private for sale market, but said profit was dented by a writedown related to remedial work on high-rise developments.
Rolls-Royce expects to turn cash-flow positive in second half
Rolls-Royce engines flew at 40% of 2019 levels in the first four months of this year as the company said it expected to turn cash-flow positive in the second half as airline travel recovered from the Covid pandemic.
Spire Healthcare 'pleased' with YTD trading
Independent hospital group Spire Healthcare said on Thursday that it was "pleased" with its performance in the first four months of 2021 as it reiterated guidance given at the time of its full-year results in March.
Europe open: Shares slide on jump in US inflation
European shares started Thursday on the back foot as a rapid rise in US inflation confirmed recent investor fears.
Direct Line names Neil Manser as CFO
Insurance group Direct Line said on Thursday that Neil Manser would take over as chief financial officer on a full-time basis, with effect from the conclusion of the company's annual general meeting.
Brewin Dolphin profit jumps on fund inflows
Brewin Dolphin’s first-half profit rose sharply as the fund manager attracted more funds from clients while markets recovered.
3i Group total return surges to 22pc for year ended March
Private equity and venture capital company 3i Group reported a “strong” result for the year on Thursday, despite disruption caused by the Covid-19 pandemic.
Wood Group starts year slower than anticipated
John Wood Group reported quarter-on-quarter growth in its order book of 9% at the end of its first quarter, to $7. 1bn (£5. 05bn), with good growth in its consultancy and operations businesses.
JLEN Environmental Assets raises £56.9m in share placing
Renewable energy infrastructure investment fund JLEN Environmental Assets Group said on Thursday that it had raised £56. 9m by virtue of a placing of 54. 67m new ordinary shares at a price of 104. 0p each.
Intertek to acquire SAI Global Assurance, pushes into Canada, China and US
Testing specialist Intertek acquired Australia's SAI Global Assurance for AUD$855m in cash and on a debt free basis, "significantly" increasing its presence in Australia, Canada, China, the UK and US.
ContourGlobal reports strong first quarter performance
Wholesale power generation company ContourGlobal reported “strong” operational and financial performance in the quarter ended 31 March on Thursday, with an average availability factor of 98. 1% for the thermal fleet and 95. 8% for renewable, compared to 96. 4% and 96. 2% respectively a year earlier.
London open: Stocks slump after unexpected rise in US inflation
London stocks fell sharply in early trade on Thursday, taking their cue from a weak session on Wall Street after an unexpected rise in US inflation.
Beazley sees growth across multiple divisions in Q1
Insurance company Beazley Group said on Thursday that first-quarter growth had been achieved in most of its divisions, with gross premiums increasing in the three months ended 31 March.
NCC Group to buy Iron Mountain's intellectual property business
NCC Group has agreed to acquire the intellectual property management (IPM) business of Iron Mountain, it announced on Thursday, for $220m (£156m) cash.
Essentra acquires Chinese manufacturer Jiangxi Hengzhu
Plastics foam products company Essentra said on Thursday that it had purchased Chinese manufacturer Jiangxi Hengzhu Electrical Cabinet Lock Co for an initial consideration of ¥100. 0m (£11. 0m).
Hipgnosis buys catalogue from producer Andy Wallace
Music rights fund Hipgnosis said it had bought a catalogue from Grammy Award-winning producer, mixer and engineer, Andy Wallace for an undisclosed sum.
Grainger maintains dividend, sees stronger rental market
Grainger maintained its dividend as the residential landlord reported an increase in profit and predicted a strengthening rental market.
Bitcoin slumps after Elon Musk criticises high cost to environment
Bitcoin was unloved in overnight trading after Elon Musk voiced concern about the energy used that was increasingly needed to mine the cryptocurrency.
Balfour Beatty 'on track' to deliver underlying earnings
Infrastructure company Balfour Beatty on Thursday said its earnings-based businesses were on track to deliver underlying profit from operations of £172m for 2021, in line with 2019.