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JTC reports strong end to 2024
JTC reported a strong 2024 performance in an update on Wednesday, the first year of its four-year ‘Cosmos era’ business plan, which aimed to double revenue and underlying EBITDA from 2023 levels.
Made Tech lifts full-year guidance, shares surge
Shares in Made Tech Group rallied on Wednesday, after the IT services specialist boosted its full-year outlook on the back of a strong first half.
James Fisher delivers 'solid overall trading performance' in H2
Marine engineering services firm James Fisher said on Wednesday that it had delivered a “solid overall trading performance” in H2 as its turnaround programme progressed as planned.
Seed Innovations investee LGP acquires Aussie cannabis distributor
Seed Innovations reported on Wednesday that its portfolio company, Little Green Pharma (LGP), has completed the acquisition of Health House, a medicinal cannabis distribution business in Australia.
Santander bullish as full-year profits jump
Spain’s Santander posted a surge in full-year profits on Wednesday, fuelled by strong performances across its global markets, including the UK.
UK new car sales slump despite growing EV demand
New car sales in the UK declined in January for the fourth straight month, according to figures out on Wednesday from the Society of Motor Manufacturers and Traders (SMMT), with growth in electric and hybrid models offset by falls in conventional fuel vehicles.
Greencore confident as CEO unveils new growth targets
Convenience foods group Greencore outlined new financial targets on Wednesday, pointing to mid-single digit growth in revenues and profits over the medium term as it unveils a "refined strategic direction" at a shareholder meeting.
DCC delivers 'robust' Q3 trading performance
Sales and marketing firm DCC said on Wednesday that it had delivered a “robust” Q3 performance, with adjusted operating profits broadly in line with the prior year.
TotalEnergies lifts divi, keeps buybacks despite profit fall
TotalEnergies raised its dividend and said it would keep buying back shares despite annual profit falling by a fifth amid weaker crude prices and demand.
GSK ups five-year sales outlook, unveils $2bn buyback
GSK's annual revenues were held back weak vaccines sales, but shares in the pharma giant jumped on Wednesday after the company unveiled plans to buy back £2bn of stock over the next 18 months and raised its guidance for long-term growth.
SSE reports solid operational performance
SSE said in an update on Wednesday that it expects full-year adjusted earnings per share for 2024-2025 to range between 154p and 163p, reflecting solid operational performance amid variable weather conditions in the third quarter.
Wegovy helps Novo Nordisk beats forecasts, but sales growth tipped to slow
Novo Nordisk reported better-than-expected fourth quarter profit on the back of surging demand for its Wegovy weight loss drug but also said 2025 sales growth would slow slightly as competition for obesity treatments intensified.
Nissan reportedly cancels merger talks with Honda
Nissan has reportedly cancelled merger discussions with Honda, sending shares in the latter higher on Wednesday.
Future on track to achieve full-year market expectations
Media group Future said on Wednesday that it was on track to achieve full-year market expectations after its performance in the four months to the end of January was as expected.
London pre-open: Stocks seen lower as Google, AMD disappoint
London stocks were set to fall at the open on Wednesday as investors mulled disappointing US tech results.
Grainger net rental income grows, SSE flags strong operational performance
London open The FTSE 100 is expected to open 24 points lower on Wednesday, having closed down 0. 15% on Tuesday at 8,570. 77.
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London’s high court heard evidence on Tuesday that suggested the UK’s largest water company may need significantly more resources than the roughly £6. 3bn it has previously indicated. – Guardian.