Company News
Pearson sees 2017 profits of up to £575m as US continues to weigh
Publishing group Pearson said it expected 2017 adjusted operating profit around £570m-575m and adjusted earnings per share of 53. 5p-54. 5p at effective exchange rates, as lower US educational sales still dragged on the company.
Acacia completes sales of Burkina Faso smelter royalty stake
Acacia Mining said it had completed the sale $45m sale of a 2% net smelter royalty over the Houndé Mine in Burkina Faso.
Diploma says Q1 revenues up 10% year-on-year
Specialist technical products group Diploma said first quarter revenues were up 10% year on year.
Cineworld FY revenue jumps 12%, launches rights issue for Regal deal
Cineworld reported a jump in full-year revenue on Wednesday as it announced a fully-underwritten rights issue to raise money to part fund its acquisition of US cinema chain Regal.
Dairy Crest appoints FD Tom Atherton as deputy chief executive
Food manufacturer Dairy Crest has appointed its group finance director, Tom Atherton, as deputy chief executive with immediate effect.
Beazley sees FY profits at upper end of expectations
Specialist insurer Beazley said full year pre-tax profits for the year ended 31 December 2017 would be ahead of current market expectations.