Company News
Barclays in talks to take over Goldman's GM-branded credit cards - report
Barclays is reportedly in talks with US banking giant Goldman Sachs to acquire $2bn in credit card balances from its co-branded credit programme with General Motors.
Volkswagen retains growth guidance despite Q1 weakness
Volkswagen's share price was in reverse on Tuesday after the German automaker reported a slow start to the year, though the company expressed its confidence in hitting full-year targets with the release of more than 30 new models.
Distil makes inaugural distillation of Blackwood at Ardgowan
Premium drinks group Distil announced a significant milestone on Tuesday, with the successful inaugural distillation of ‘Blackwood’ at Ardgowan Distillery.
McBride lifts FY operating profit outlook
McBride upgraded its full-year operating profit outlook on Tuesday following better-than-expected trading in the last two months.
Deposits push higher at Metro Bank
Metro Bank saw deposits edge up in the first quarter, the high street lender confirmed on Tuesday.
Howdens hails 'encouraging' start to year as Q1 revenues rise
Trade kitchen and joinery supplier Howden Joinery reported a rise in first-quarter depot revenue on Tuesday as it hailed an "encouraging" start to the year.
St James's Place net inflows more than halve, FuM grows in Q1
Financial advisory St James's Place said on Tuesday that net inflows had more than halved in Q1 but said funds under management had grown on the back of solid investment returns.
Hargreaves Lansdown sees 'good momentum' in Q3, new client numbers surge
Financial services business Hargreaves Lansdown said on Tuesday that it had seen "good momentum" in Q3, with inflows growing and new customers surging almost threefold throughout the period.
Capital & Regional hikes dividend after year of rental growth
Shopping centre specialist Capital & Regional reported a 5% increase in like-for-like net rental income (NRI) in its full-year results for 2023 on Tuesday, as well as a 2. 6% increase in like-for-like valuations compared to the prior year.
Elementis confident in profit targets after solid Q1
Specialty chemicals company Elementis said it has made a good start to the year despite the absence of a "positive step change" in demand, as it reiterated its confidence in hitting market forecasts in 2024.
Rotork reports another quarter of strong trading
Rotork said in a trading update on Tuesday that first-quarter order intake showed positive growth, up in the low single digits compared to the previous year, on an organic constant currency (OCC) basis.
Glencore says Q1 copper output falls, but holds guidance
Commodities miner and trader Glencore on Tuesday said first-quarter copper production fell 2% while cobalt output declined 37% due to lower production at its Mutanda mine in Congo.
Prudential describes robust first-quarter performance
Prudential described a robust first-quarter performance in an update on Tuesday, with new business profit increasing by 11%, reaching $810m across diverse geographical markets.
Card Factory profits jump, dividends reinstated
Card Factory shot higher on Tuesday as it said it was resuming dividend payments and posted a jump in full-year profits.
Coca-Cola HBC Q1 revenues beat guidance
Bottler Coca-Cola HBC on Tuesday said first-quarter revenue beat forecasts and reiterated guidance that annual operating profit would grow further on the back of strong demand.
Telecom Plus sees FY profit at upper end of expectations
Telecom Plus said on Tuesday that full-year adjusted pre-tax profit was set to be towards the upper end of market expectations after a record year.
Whitbread to cut 1,500 jobs as it doubles down on hotels
Hospitality group Whitbread has announced a £150m share buyback and beefed up its dividend after seeing its bottom line jump by more than a third in the year to 29 February, as it unveiled plans to cut jobs as it turns underperforming restaurants into more hotels.
Travis Perkins chair to step down
The chair of Travis Perkins is to step down at the end of next month, the builders merchant announced on Tuesday, just a month after the resignation of its chief executive.