News And Announcements
Whitbread appoints new CFO as Cadbury flies to IAG
Whitbread said it had appointed Hemant Patel as chief financial officer effective from March 21 as Nicholas Cadbury leaves to join British Airways owner IAG.
Hammerson upgrades FY adjusted earnings guidance
Real estate investment trust Hammerson said on Thursday that it now expects full-year adjusted earnings of £75. 0m-80. 0m, ahead of previous guidance for a minimum of £60. 0m.
EasyJet sees summer capacity at pre-Covid levels as losses halved
Low-cost airline easyJet halved first-quarter losses as Covid-19 travel restrictions were eased and reported a step-up in bookings after the UK government lifted pre-departure testing requirements.
Britvic Q1 revenues beat expectations
Drinks maker Britvic reported better-than-expected first-quarter revenues on Thursday, driven by growth in the GB segment.
Dr Martns Q3 revenues in line with expectations, DTC income surges
Bootmaker Dr Martens said on Thursday that third-quarter group revenues were in line with internal expectations at £307. 0m, up 11% year-on-year.
Diageo toasts 15.8% sales rise as spirits in favour
Brewer and distiller Diageo on Thursday reported a rise in first-half sales and profits as people quaffed more spirits at home during the Covid pandemic, but warned of persistent headwinds from the virus and supply-chain constraints.
M&G agrees to acquire Swiss impact investor responsAbility
Global investment manager M&G has agreed to acquire a majority stake in responsAbility Investments, a Swiss impact investor focused on private debt and private equity across emerging markets.
Tritax Big Box accelerates development programme amid strong occupier demand
Real estate investment trust Tritax Big Box said on Thursday that it had successfully accelerated its development programme as part of an effort to capture strong occupier demand.
Ocado unveils its new Smart Platform
Ocado's shares found a bid after the online grocer unveiled its new logistics platform.
European court overturns Intel's €1.06bn antitrust fine
A senior European Union court has ruled in favour of Intel in the latest round of the chipmaker’s 12-year legal battle with EU antitrust regulators.
Concurrent launches new location product for 'electronic warfare'
Embedded computer board designer and manufacturer Concurrent Technologies announced a new ‘plug-in-card’ (PIC) product on Wednesday.
Power Metal confirms start of diamond drilling at Haneti
Exploration company Power Metal Resources updated the market on its inaugural diamond drilling programme on the nickel-copper-cobalt-platinum group element Haneti Project in central Tanzania on Wednesday.
Ixico extends commitment to Dementias Platform UK
Data analytics company Ixico has extended its commitment to Dementias Platform UK (DPUK), it announced on Wednesday, as it entered its second phase.
Restore ends strong year ahead of previous expectations
Information and document management company Restore said in a trading update on Wednesday that it generated strong trading momentum across the group through the final quarter, delivering 2021 performance ahead of its previous expectations.
Uniphar ends year with lower-than-expected debt levels
Healthcare services company Uniphar said in a trading update on Wednesday that it performed in line with its own expectations for 2021, at both a gross profit and EBITDA level, with strong reported free cash flow conversion resulting in lower-than-projected net debt.
Warehouse REIT reports good momentum since October
Warehouse REIT said in a trading update on Wednesday that, since 1 October, it had completed 12 new lettings and 10 lease renewals across 141,400 square feet of space.
Renew trading in line in first quarter
Engineering services company Renew said in an update on Wednesday that trading in its first quarter was in line with the expectations of its board.
Boeing cash flow positive in Q4, misses on revenue and earnings
Boeing announced positive cash flow for the first time since 2019 in its fourth quarter results on Wednesday, but still missed market expectations on revenue and losses per share.
JP Morgan ups rating on Intertek to 'overweight'
JP Morgan has upped its recommendation on Intertek Group to ‘overweight’, arguing that its current valuation was unjustified relative to its peers.
Forterra launches buyback following 'strong' 2021
Masonry specialist Forterra announced a £40m share buyback on Wednesday, after strong demand throughout 2021 boosted both revenues and cash.