Company News
Topps Tiles reports improved trading after grim second quarter
Topps Tiles said trading had improved in recent weeks after the tile retailer suffered a sharp slowdown in the second quarter of its financial year.
Bloomsbury's bright spell persists as Potter continues revenue magic
Publisher Bloomsbury on Tuesday reported its highest annual revenue since 2007, when the last book of J. K. Rowling’s Harry Potter series was published, sending the company’s shares to a 10-year high.
Gulf Marine debt grows as new contracts increase working capital requirements
Offshore support vessels provider Gulf Marine Services has seen net debt increase over the first few months of its trading year on the back of increased working capital requirements and expenditures on mobilising vessels for new contracts.
Cranswick annual profit jumps 22%, current trading in line
FTSE 250 food producer Cranswick posted a jump in full-year pre-tax profit on Tuesday as revenue grew, with strong volumes across all of its divisions.
MTI Wireless wins £1m wireless irrigation contract
Flat panel antenna and wireless irrigation provider MTI Wireless Edge announced on Tuesday that its wholly owned subsidiary Mottech Water Solutions has secured a contract worth approximately $1m.
Location Sciences hits first-half revenue targets early
Mobile location data firm Location Sciences has already hit revenue expectations for the first half of its trading year.
US jewellery helps support diamond demand for Anglo American's De Beers
De Beers sold $550m of rough diamonds in its fourth sales cycle of the year, taking turnover from Anglo American's diamond arm so far this year to $2. 3bn.
UDG slides on softer sales at Sharp
FTSE 250 listed firm UDG Healthcare saw a softer-than-expected start to the trading year after its second-largest business, Sharp, lowered its guidance for the remainder of its trading year.
Inmarsat wobbles after US rival wins maritime safety certification
Inmarsat shares tumbled on Tuesday as the satellite communication group's international maritime maritime distress services monopoly came to an end.
Renewi extends bank facility into €550m green loan
Waste-to-product company Renewi has signed an amendment and extension to its main banking facility, converting it into a €550m Green Loan as a result.
Close Brothers 'well-positioned' after decent third quarter
Close Brothers Group updated the market on trading in its third quarter on Tuesday, reporting that it performed “well” in the period, notwithstanding slightly weaker market conditions at the start.
Big Yellow occupancy performance drives revenue growth
Self-storage provider Big Yellow Group reported strong occupancy performance in its final results on Tuesday, driving 7% revenue growth for the year.
Trading profits fall as NEX prepares to be swallowed by CME
Financial technology company NEX Group posted its full-year results on Tuesday, reporting a 9% increase in revenue on both a reported basis and a constant currency basis to £591m.
Mountfield wins £2.4m contract extension
Property fit-out specialist Mountfield Group won three new contracts worth a total of £2. 4m from one of its principal clients.
Pets at Home profit drops on price reductions but revenues rise
Pets at Home posted a 12% drop in underlying pre-tax profit on Tuesday as it lowered prices, but revenues were up and the company hailed a "bright future".
Intermediate Capital earnings rise as board scales strategy
Intermediate Capital Group issued its final results for the year ended 31 March on Tuesday, reporting a 20% uptick in total assets under management to €28. 7bn, with €7. 8bn of new money raised.
Halfords skids lower as profits expected to remain flat
Halfords reported lower annual profits as the bike and car parts retailer was hit by the increased cost of goods due to the weak pound, with a similar result expected this year as selling prices remain flat.
Greencore posts operating loss but revenue and profit up
Irish food company Greencore reported an interim operating loss on Tuesday amid challenges in its US division, but pre-tax profit and revenues rose.
Galliford Try stays on track, though exceptional costs rise
Galliford Try said full year results are on track to hit their mark, with underlying debt lower than expected but bad weather adding costs to its troublesome Aberdeen bypass project.
Shaftesbury says West End unaffected by wider economic woes
Shaftesbury said it felt little effect from uncertainty sweeping the retail and restaurant trades in the wider economy as the West End property company reported a surge in half-year profit.