Company News
GB Group raises expectations after strong start to 2021
Identity data specialist GB Group updated the market on its trading for the year ending 31 March on Thursday, lifting its expectations as a result of solid recent performance.
Amigo warns of potential collapse, cuts jobs
Amigo has warned it faces administration should a proposed Scheme of Arrangement intended to settle thousands of outstanding complaints not receive approval.
Shaftesbury says easing of restrictions will herald 'revival' of West End
West End landlord Shaftesbury reported low levels of rent collection on Thursday but expressed confidence that the easing of Covid restrictions will bring life back to Central London.
Morgan Sindall FY profits fall but 'strong growth' expected in 2021
FTSE 250 construction and regeneration group Morgan Sindall reported a decline in full-year profit on Thursday as the Covid-19 crisis had an impact, but upgraded its expectations for 2021.
Grafton FY profit, revenue dented by store closures
Building materials distributor and DIY retailer Grafton reported a decline in full-year profit and revenue on Thursday after its branches were forced to close due to the pandemic.
BAE Systems posts higher sales and profits, says outlook 'strong'
BAE Systems posted higher full-year sales and earnings while emphasising the diversification of its portfolio and "strong" outlook.
Mondi profits fall on lower prices as dividend raised
Annual profits at paper and packaging maker Mondi fell by a third on the back of “significantly lower” average selling prices for pulp and paper grades and the Covid-19 pandemic.
Greencoat UK Wind's NAV growth offset by lower premium
Renewable energy investor Greencoat UK Wind said on Thursday that shareholder returns had slipped in 2020 as a lower premium offset an increase to the group's overall net asset value.
N Brown chairman Matt Davies to step down
Clothing retailer N Brown said on Thursday that chairman Matt Davies will step down with effect from 31 March, to be succeeded by Ron McMillan.
Spectris to return cash to shareholders after 'resilient' year
Engineering firm Spectris is to return more than £200m to shareholders through a share buyback programme and increased dividend, despite swinging to a full-year loss.
Evraz FY revenues and underlying earnings slump amid pandemic
Steelmaker and miner Evraz said on Thursday that consolidated revenues and underlying earnings had slumped in 2020 as a result of impacts stemming from the Covid-19 pandemic.
Serco to resume dividend payouts for first time since 2014
Serco is to resume paying dividends following a six-year break, after NHS Test and Trace contracts contributed to a strong set of full-year numbers.
Inchcape confirms return to dividend as it swings to statutory loss
Inchcape reported a 19% organic fall in group revenue in its final results on Thursday, to £6. 8bn, on an organic basis, and a 27% decline on a reported basis.
Biffa buys Barnsley-based Company Shop in £82.5m deal
FTSE 250 waste management company Biffa said on Thursday that it has bought Barnsley-based Company Shop (CSG), a redistributor of surplus food and household products, in a £82. 5m deal.
Bank of Georgia income falls amid Covid crisis
Bank of Georgia reported a 1. 8% fall in operating income in its final results on Thursday, to GEL 1. 09bn (£0. 23bn).
Drax earnings rise even as pandemic impacts demand
Drax Group reported a £2m improvement in its adjusted EBITDA from continuing and discontinued operations in its full-year results on Thursday, to £412m.
Anglo American shines on commodity price boom
A boom in commodity prices and easing of Covid curbs in the second half helped Anglo American report better-than-expected annual profits and lift its dividend.
AB Foods misses out on £1.1bn of Primark sales in H1 due to lockdown
Primark owner Associated British Foods warned on Thursday that Downing Street's nationwide lockdown measures would leave it without roughly £1. 1bn-worth of sales in the first half of its financial year.
Hikma Pharmaceuticals FY revenues grow in 2020, issues below consensus guidance for 2021
Drugmaker Hikma Pharmaceuticals posted improved full-year revenues on Thursday but cautioned that full-year group revenues for 2021 were likely to come in below consensus estimates.
British Gas owner Centrica sees earnings slump
Centrica reported a slide in full-year operating profits on Thursday, weighed down by Covid-19, as it paused the final dividend.