Company News
Inmarsat profit slumps as Ligado payments paused
Pre-tax profits at satellite operator Inmarsat slumped in the third quarter as revenue was hit by a pause in payments from US communications company Ligado Networks.
Petrofac agrees to acquire W&W Energy Services
Oil and gas industry services provider Petrofac agreed to acquire W&W Energy Services on Wednesday, providing the group with an entry-level position in the US onshore operations and maintenance market.
Breedon delivers strong year-to-date performance
Construction materials group Breedon delivered a strong performance in the 10 months to 31 October, with increased revenues, improved underlying earnings and continued robust cash generation.
United Utilities operating profit up, 'well prepared' for next regulatory period
Water company United Utilities reported a rise in first-half underlying operating profit on Wednesday and said it was "well prepared" for the next regulatory period.
SSP profit jumps as passenger numbers grow; share buyback announced
Travel food and beverage retail specialist SSP reported a jump in full-year profit on Wednesday thanks to growth in passenger numbers and new contract openings.
Genus names Alison Henriksen as CFO
Animal genetics business Genus named Alison Henriksen as its next chief financial officer on Wednesday.
Micro Focus ends year in line with revenue and earnings guidance
Micro Focus International updated the market on its trading for the year ended 31 October on Wednesday, saying it expects to report full year revenue and adjusted EBITDA consistent with the revised revenue guidance it gave at the end of August, and in line with its company compiled consensus.
Sage Group profit slips as it focuses on recurring revenue
Sage Group reported 5. 6% growth in its organic total revenue - excluding Sage Pay and Brazil, which were now held for sale - to £1. 82bn in its final results on Wednesday.
Bodycote revenue up 1% as automotive, industrial still weak
Heat processing firm Bodycote reported a better-than-expected 1% rise in revenue for the four months to October 31, despite continuing weaknesses in its automotive and general industrial sectors, as it reaffirmed its full-year outlook.
Kingfisher Q3 sales fall 3.2% in 'disappointing' performance
DIY group Kingfisher reported a “disappointing” 3. 2% fall in third quarter sales in softer markets as the company's chief executive said it was suffering from “organisational complexity” that ignored customers.
Mitchells & Butlers profit rises as transformation bears fruit
All Bar One and Harvester owner Mitchells & Butlers posted a rise in full-year pre-tax profit on Wednesday as its transformation programme bears fruit.
Aviva restructures group into 5 divisions; sells HK business
Insurance group Aviva on Wednesday it was simplifying its business into five operating divisions and selling its stake in its Hong Kong unit to joint-venture partner Hillhouse Capital.