Company News
TBC Bank pleased with first quarter performance
TBC Bank reported a marginal rise in net profit for its first quarter on Thursday, with the figure rising to GEL 97. 5m from GEL 96. 6m year-on-year, while its pre-provision profit improved to GEL 147. 8m from GEL 120. 6m.
Matthew Price to step down as Moneysupermarket CFO
Moneysupermarket announced on Thursday that chief financial officer Matthew Price would step down as CFO and as a director on 31 October.
National Grid posts decent full-year performance after Cadent split
National Grid reported a 4% rise in its underlying operating profit to £3. 5bn, or 6% at constant currency, in its final results on Thursday, with its statutory operating profit improving 9%, also to £3. 5bn.
Ocado soars on back of huge contract with US grocery giant Kruger
Ocado Group has won a contract with US grocery giant Kroger to exclusively provide its online grocery expertise across up to 20 distribution warehouses across America.
Royal Mail's Greene warns GDPR may hit letter volumes
Royal Mail delivered a good set of final results, with chief executive Moya Greene beating beating City expectations before she stands down next month but warning that general data protection regulation laws may lead to a steeper decline in letter deliveries this year.
Countryside Properties revenue and profit up; confident on outlook
Countryside Properties posted a jump in half-year completions, revenue and profit on Thursday, as it expressed confidence in the medium term and bumped up its dividend.
British Land profit drops but NAV rises; market conditions to remain 'challenging'
British Land posted a drop in full-year underlying profit on Thursday even as its net asset value grew, as the FTSE 100 property group cautioned that market conditions are likely to remain challenging.
FY profits down, revenues up at credit checker Experian
Full year pre-tax profits at information services group Experian fell 7% to $994m, the company said on Thursday.
3i FY NAV rises to 724p a share
Private equity outfit 3i on Thursday said full year net asset value rose 724p a share from 604p as the return on shareholders funds fell to 24% compared to 36% in 2017.