Company News
Safestyle warns on profits amid slow margin recovery
AIM-listed windows and doors retailer Safestyle warned on Thursday that full-year profit will be below current market expectations as margins have been slower to recover, while costs also weigh.
National Grid earnings fall as it sees 'strong' growth in assets
National Grid reported a 2% fall in its underlying operating profit to £3. 4bn in its full-year results on Thursday, or 4% at constant currency, explaining that it reflected the expected return of Avonmouth allowances and US tax reform, partially offset by higher property profit and favourable US legal settlements.
Euromoney pre-tax interims slump; underlying earnings solid
Euromoney Institutional Investor said interim pre-tax profits fell 59%to £49. 3m due to a gain on the sale of its Dealogic stake in 2017 that lifted the previous year's figures.
Investec asset management demerger on track as operating profit rises
Investec posted a 9. 4% jump in full-year adjusted operating profit on Thursday as it said the demerger of the asset management business was on track.
3i cautious as it posts 18% annual total return
3i said it was cautious about market conditions as the investment company reported a total return of 18% for last year.
Hill & Smith says trading ahead of last year
Road safety barrier maker Hill & Smith Holdings said trading in the first four months of 2019 was ahead of last year despite a “cautious” investment environment.
Burberry profit flat as cost cuts offset revenue fall
Burberry's underlying profit was unchanged last year as cost cuts offset a decline in revenue at the luxury clothing brand.
Just Group new business sales drop 55% in Q1
Just Group reported a drop in first-quarter new business sales on Thursday as retirement income fell and the pension provider said it was planning to shut its loss-making US operations.
Countryside Properties posts profit rise, hikes dividend
Countryside Properties posted a rise in half-year profit on Thursday as completions and revenue rose and the home builder said it was on track to deliver volume and margin expectations for the full year.
Lloyds Bank to pay quarterly dividends amid row over CEO pension
Lloyds on Thursday said it would start to pay quarterly dividends to its 2. 4m shareholders from June 2020 amid a row over executive pensions at Britain's largest retail bank.
Micro Focus maintains interim guidance as it carries out return of value
Micro Focus International updated the market on the six months ended 30 April on Thursday, saying that it expected to report interim results in line with the management guidance it gave in its preliminary results on February, on a constant currency basis.