News And Announcements
Disney takes full control of Hulu after Comcast deal
Comcast said on Tuesday that it has agreed to sell its stake in Hulu to Disney in five years but has given up its voting rights immediately, meaning that Disney now has full control of the streaming service.
Amazon customers can now pick up parcels at Next
Shoppers in the UK will now be able to pick up their Amazon parcels from Next stores.
RBC Capital ups FirstGroup to 'outperform'
RBC Capital Markets upped its stance on FirstGroup shares to 'outperform' from 'sector perform' on Tuesday and hiked the price target to 160p from 95p.
Santander to lay off 3,700 employees and close 1,150 branches
Santander revealed on Tuesday details of its latest redundancy scheme that it plans to launch this year and will affect 3,700 employees working at its Spanish branch.
Investors braced for bumpy summer - Merrill survey
Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.
Foxconn surprises as revenues tumble
Taiwan’s Foxconn, the world’s largest contract manufacturer and a key Apple supplier, has reported a heavier-than-expected slide in quarterly profits.
ITE Group's strong growth powered by turnaround programme
ITE Group on Tuesday reported strong interim profit and revenue growth as its turnaround programme and acquisitions spurred improvements.
Vodafone cuts dividend, full-year EBITDA as expected
Vodafone rebased its full-year dividend to €0. 09 from €0. 15 for the 2018 fiscal year, implying a final dividend of €0. 04, even as it announced its decision to go live with its 5G technology in the UK from 3 July.
Nissan warns on full-year profits
Nissan warned on Tuesday that operating profit would fall to the lowest level in 11 years for the fiscal year to March 2020 as it takes a hit partly from the arrest of former chairman Carlos Ghosn.
Stock Spirits swings to interim profit, announces Czech acquisition
Stock Spirits said on Tuesday that it swung to an interim profit as it announced the acquisition of a premium spirits business in the Czech Republic.
Roche extends offer period in $4.3bn Spark takeover
Switzerland’s Roche has been forced to extend the its $4. 3bn offer for gene specialist Spark Therapeutics as US regulators continue to scrutinise the proposed takeover.
First-quarter profits beat forecasts at Allianz
Allianz reiterated full-year targets on Tuesday after the German insurer saw first-quarter net profits nudge ahead.
Capita appoints two employees to its board
Capita has appointed two employees as directors in a rare example of a company acting on the prime minister's call for workers on boards.
Northgate sees full year in line with guidance
Commercial vehicle hire company Northgate posted a rise in vehicles on hire on Tuesday as it said results for the year should be in line with guidance.
Saga's first purpose-built cruise ship takes to the seas
Over 50's specialist Saga confirmed that its first ever purpose-built cruise ship has begun trials, while also reporting that its new three-year fixed price insurance product has enjoyed "a positive reception".
Rio Tinto boss says miners must respond to pressure for change
Rio Tinto's boss has warned the mining industry needs to adapt or have change forced on it as pressures intensify.
Premier Foods hit by pension charge; launches new plant-based range
Mr Kipling and Oxo owner Premier Foods said on Tuesday that it swung to a statutory full-year loss as it took a hit from an anti-discrimination ruling on women's pensions.
Greggs sees FY profit and sales 'materially ahead' of previous expectations
FTSE 250 baker Greggs said on Tuesday that sales and underlying profits for 2019 will be "materially higher" than it had expected, helped by strong demand for its vegan sausage rolls.
Renishaw slashes full-year profit and sales forecasts
Renishaw slashed its outlook for full-year profits and sales after the engineer's bottom line fell further into the red amid what the company's management termed an uncertain economic backdrop.
SEQI fund considers share issue to fund investments
Sequoia Economic Infrastructure Income Fund (SEQI) said it was considering raising fresh equity to take advantage of investment opportunities.