Company News
Wednesday preview: US and China data, Experian in focus
The market spotlight on Tuesday will be on a raft of economic data out of China and the US.
Proton Power secures order and loan extension but loss expands
Proton Power on Tuesday won a fuel cell package order and announced a loan extension, though the company also reported an increased loss and a drop in revenue.
UniCredit engages investment bankers in move to acquire Commerzbank
UniCredit engaged investment bankers Lazard and JP Morgan to advance a potential bid for German rival Commerzbank.
Disney takes full control of Hulu after Comcast deal
Comcast said on Tuesday that it has agreed to sell its stake in Hulu to Disney in five years but has given up its voting rights immediately, meaning that Disney now has full control of the streaming service.
Amazon customers can now pick up parcels at Next
Shoppers in the UK will now be able to pick up their Amazon parcels from Next stores.
RBC Capital ups FirstGroup to 'outperform'
RBC Capital Markets upped its stance on FirstGroup shares to 'outperform' from 'sector perform' on Tuesday and hiked the price target to 160p from 95p.
Santander to lay off 3,700 employees and close 1,150 branches
Santander revealed on Tuesday details of its latest redundancy scheme that it plans to launch this year and will affect 3,700 employees working at its Spanish branch.
Investors braced for bumpy summer - Merrill survey
Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.
Foxconn surprises as revenues tumble
Taiwan’s Foxconn, the world’s largest contract manufacturer and a key Apple supplier, has reported a heavier-than-expected slide in quarterly profits.
ITE Group's strong growth powered by turnaround programme
ITE Group on Tuesday reported strong interim profit and revenue growth as its turnaround programme and acquisitions spurred improvements.
Vodafone cuts dividend, full-year EBITDA as expected
Vodafone rebased its full-year dividend to €0. 09 from €0. 15 for the 2018 fiscal year, implying a final dividend of €0. 04, even as it announced its decision to go live with its 5G technology in the UK from 3 July.
Cellcast cuts losses and reviews options amid falling revenue
Cellcast's shares jumped on Tuesday as the company cut its annual loss on the back of lower costs, though the group is reviewing its prospects as operating revenues dipped and the interactive broadcast business declined.
Nissan warns on full-year profits
Nissan warned on Tuesday that operating profit would fall to the lowest level in 11 years for the fiscal year to March 2020 as it takes a hit partly from the arrest of former chairman Carlos Ghosn.
Stock Spirits swings to interim profit, announces Czech acquisition
Stock Spirits said on Tuesday that it swung to an interim profit as it announced the acquisition of a premium spirits business in the Czech Republic.
Eden Research reaches key milestones after gaining several regulatory clearances
Biopesticide developer Eden Research reached several key milestones and made good progress with the commercialisation and regulatory clearance of its products over the last twelve months.
Roche extends offer period in $4.3bn Spark takeover
Switzerland’s Roche has been forced to extend the its $4. 3bn offer for gene specialist Spark Therapeutics as US regulators continue to scrutinise the proposed takeover.
AorTech revenues grow as group adopts new strategy
Polymers developer AorTech saw revenues increase in a trading year that saw it adopt a new strategy, successfully conclude a fundraising and strengthen its board.
First-quarter profits beat forecasts at Allianz
Allianz reiterated full-year targets on Tuesday after the German insurer saw first-quarter net profits nudge ahead.
Portmeirion warns on profits following mixed start to the year
Pottery outfit Portmeirion warned on full-year profits on Tuesday after some mixed trading in the first four months of the year, with good sales growth in its two largest markets being offset by a weaker than expected performance from its Korean operations.
Capita appoints two employees to its board
Capita has appointed two employees as directors in a rare example of a company acting on the prime minister's call for workers on boards.