Company News
CYBG posts first net annual profit since IPO
CYBG posted its first net annual profit for more than five years as the owner of Clydesdale and Yorkshire banks cut costs and increased lending.
Sector reorganisation pushes Babcock in first half
Support services group Babcock International said it was “continuing to deliver” in its half-year report on Tuesday, with a £146m increase in underlying revenue to £2. 64bn - a 6% improvement year-on-year.
AO World sees FY earnings at lower end of market views
Online electrical goods retailer AO World said on Tuesday that adjusted earnings for the year are expected to be towards the lower end of market views, as it swung to a loss in the first half.
Melrose warns of ongoing Brush battle and Nortek currency headwinds
Engineering group Melrose Industries said its Nortek subsidiary faces currency headwinds in 2018 and that the market for Brush has been "very difficult".
Ultra Electronics gets 'green light' from CFIUS for Sparton purchase
Ultra Electronics is 'good to go' with its acquisition of US-based Sparton after receiving clearance for the proposed transaction from the US government.
Johnson Matthey optimistic on batteries as profits hit by one-offs
Chemicals group Johnson Matthey said it had made significant strides in developing new car battery materials and said it was confident of hitting full year targets after first-half profits were dented by one-off charges as its restructuring programme began.
Products and trade boost Intertek, while resources sector drags
Inspection, product testing and certification company Intertek Group reported “solid” organic growth, margin accretion and expectations of strong full-year cash in its trading update on Tuesday.
Order intake continues to outstrip last year's level, Halma says
Instrumentation specialist Halma announced a further increase in its dividend payout at the half-year stage as solid top-line growth continued to drop through to the bottom line at a steady pace with order intake since period-end continuing to outpace last year's showing.
BHP Billiton agrees extension for Samarco talks
BHP Billiton said its Samarco joint venture had agreed an extended timeline for negotiating almost $54bn (£41bn) of claims related to devastation caused by a collapsed dam in Brazil.
CRH expects 'another year of progress' and earnings growth
Building materials group CRH said on Tuesday that it continues to expect "another year of progress" as it reported an increase in sales for the first nine months.
EasyJet profit falls but rivals' collapse spells good news
EasyJet's annual profit fell as chief executive Carolyn McCall prepared to leave after seven years in charge but the budget carrier said it was benefiting from the collapse of rival airlines.
Compass FY profit rises amid solid North America performance
Catering group Compass posted a rise in full-year profit on Tuesday as revenue grew thanks in part to a solid performance in North America.