Company News
OneSavings Bank slides as JC Flowers sells 10% stake
OneSavings Bank was in the red on Wednesday after private investment firm JC Flowers & Co sold around 24. 3m shares in the company.
WPP buys Portuguese creative agency BAR
Advertising giant WPP has acquired Portuguese creative agency BAR for an undisclosed sum.
AmrytPharma signs European distribution deal for cholesterol drug
Biopharmaceutical company Amryt Pharma has further expanded the route-to-market for Lojuxta, having signed an exclusive distribution agreement across and Central and Eastern Europe with local outfit GryNumber Health.
Sainsbury's ups profit target as Argos adds online cheer over Christmas
After a strong Christmas trading period in which online sales represented a fifth of total sales, Sainsbury's said full year profits are now likely to beat the current consensus forecast.
Big Yellow Q3 revenues up 8% to £29.6m
Storage group Big Yellow on Wednesday said third quarter like-for-like revenues rose by 8% to £29. 6m.
Senior finishes year on a high, expects one-off US tax benefit
Senior, the aerospace and defence engineer, said a good performance in November and December and a benefit from US tax changes will see earnings come in higher than expected.
Superdry online sales help lift H1 pre-tax profits
Trendy fashion outlet Superdry said underlying half year pre-tax profits rose 20. 5% to £25. 3m as online sales helped to boost revenue along with forex tailwinds.
LondonMetric pockets £5.8m from sale of B&Q warehouse in Hull
LondonMetric Property’s joint venture with Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has sold a B&Q warehouse in Hull for £11. 6m, reflecting a blended net initial yield of 6. 0%.
Marshalls posts rise in FY revenue, on track to meet 2017 expectations
Landscaping products supplier Marshalls reported a jump in full-year revenue on Wednesday as it expressed confidence in meeting its 2017 expectations.
Paddy Power Betfair appoints Dan Taylor as Europe CEO
Paddy Power Betfair has appointed Dan Taylor to the newly-created role of chief executive officer for Europe, and Barni Evans as CEO of its Australian operations, Sportsbet.
Taylor Wimpey sees 2017 in line; expects further improvement this year
House builder Taylor Wimpey said 2017 results would be in line with forecasts, and expected to achieve further growth and performance improvement in 2018, despite political and economic uncertainty.
Ted Baker hails 'good' Christmas trading, retail sales up 9%
Fashion retailer Ted Baker hailed a “good” performance over the Christmas period on Wednesday as it said full-year results should be in line with its expectations.