Company News
Wednesday preview: US producer prices in focus
US producer price data for August will be in the spotlight on Wednesday in the run-up to the Federal Reserve's next policy meeting on 17-18 September.
IWG mulling sale of Canadian operations, says Bloomberg
Office space services provider IWG is considering the sale of its Canadian operations, according to a source cited by Bloomberg on Tuesday.
Mallinckrodt to sell BioVectra unit for $250m
Mallinckrodt Pharmaceuticals shares surged in pre-market trade on Tuesday after the company said it has agreed to sell its BioVectra unit to private equity firm HIG Capital for around $250m.
Genus technology ruled to be in breach of three US patents
Genus confirmed on Tuesday that a US court had ruled that its sexing semen technology infringed three patents asserted by Inguran, LLC and Cytonome/ST.
Boku confident on full year guidance as revenue soars
Boku on Tuesday reported a jump in revenue but a deepened loss, even as the company reassured shareholders that it anticipates meeting full year expectations and a "good" second half.
Sanne profits halved despite revenue jump
Sanne Group said on Tuesday that its interim profits more than halved as one-off costs and investment in new employees outweighed double-digit revenue growth.
Costs drag 888 Holdings profit lower
Gambling company 888 Holdings posted a drop in first-half profit on Tuesday on the back of rising expenses, as it said trading so far in the second half has been in line with expectations.
JD Sports profits rise; sees FY results at mid-point of expectations
Sportswear retailer JD Sports defied the high street gloom on Tuesday as it posted a jump in interim pre-tax profit and said it expects full-year results to come in at the mid-point of expectations.
Bovis back in housing merger talks with Galliford, posts record H1 profit
Bovis Homes said on Tuesday that it is back in talks with Galliford Try over a potential merger with its housing business after a cash sweetener was thrown into the mix, as it posted record first-half profits.
Ashtead Q1 profits up on strong North American trading
Industrial equipment rental firm Ashtead reported a rise in first quarter profits on the back of higher revenues in its US and Canadian markets.
IP Group reports interim NAV fall in 'challenging' sector
IP Group reported a fall in first half net asset value (NAV) in “challenging” conditions for the sector.
Bakkavor H1 profit drops as UK remains challenging
FTSE 250 food manufacturing company Bakkavor reported a drop in first-half pre-tax profit on Tuesday as trading in the UK remained challenging but the international business performed well.
Sage Group considering sale of payments-processing arm
Software company Sage confirmed late on Monday that it is considering the sale of its payments-processing business.
Hilton Food profits up on higher volumes
Interim profits at packaging group Hilton Food rose as the company reported an increase in volumes in the UK and Australia.
Higher production helps Cairn Energy swing to H1 profit
Cairn Energy swung to a first half profit on higher oil and gas output as it upgraded full year production forecasts.
Euromoney to review asset management unit
Euromoney Institutional Investor said it had started a strategic review of its asset management businesses, which consist of BCA Research, Ned Davis Research and Institutional Investor.