News And Announcements
Schroder Real Estate manages to outperform benchmarks in full-year results
UK-focussed Schroder Real Estate Investment Trust confirmed the delivery of a 5% dividend increase in its full-year results on Tuesday, adding that its net asset value had improved 0. 7% to £356. 4m.
Big Yellow FY hit by Brexit worries, lower revaluation gains
Lower revaluation gains and Brexit worries led to a 5% fall in full year pre-tax profits at self-storage provider Big Yellow.
Nationwide warns of margin squeeze as mortgage market intensifies
Nationwide saw underlying profits tumble last year after it increased investment in digital services, and warned that its core mortgage and savings markets remained competitive, despite a surge in the size of its loan book.
Huntsworth adds Creativ-Ceutical and Kyne to its portfolio
Healthcare and communications group Huntsworth announced the acquisition of 70% of Luxembourg-based Creativ-Ceutical (CC) from 100% shareholder Avicenne Invest for an initial cash consideration of €15. 5m on Monday.
UDG Healthcare interim profits edge up; two acquisitions announced
Healthcare services provider UDG Healthcare upped its full-year earnings per share guidance on Tuesday after making two new acquisitions and seeing operating profits edge up in the first half.
Majestic Wine considers sale of retail business
Majestic Wine said on Tuesday that it is considering the sale of its retail business as the wine merchant rebrands as Naked Wines.
British Steel on the edge of collapse
British Steel is facing administration unless it can secure an emergency government loan, putting thousands of jobs at risk.
Hammerson CFO Drakesmith resigns
Hammerson said on Tuesday that chief financial officer Timon Drakesmith has resigned after eight years in the role, and will leave the company later this year.
Entertainment One profit dented by one-off charge
Entertainment One reported a drop in full-year profit on Tuesday as it took a hit from a one-off charge.
Tesco Bank pulls out of mortgage market
Tesco's banking arm has quit mortgage lending and will try to sell its £3. 7bn of existing mortgages, blaming persistently difficult market conditions for the decision.
Severn Trent shares up on 'strong and resilient' results
Severn Trent reported “strong and resilient” annual results on Tuesday, reporting group turnover of £1. 767bn, which was up £71m or 4. 2% year-on-year.
Cranswick predicts difficult year amid Brexit uncertainty
Cranswick said it expected the current year to be difficult as the food company reported a decrease in annual profit and highlighted uncertainty over Brexit.
Diamond sales drop at Anglo's De Beers
Anglo American said on Tuesday that the value of rough diamond sales at its De Beers business fell in the fourth cycle of 2019.
Shaftesbury defies Brexit retail woes as rents boost income
Robust demand and consumer spending boosted half year income at West End landlord Shaftesbury, defying the woes that have hit the retail sector due to Brexit.
WH Smith CEO Stephen Clarke to step down
Stephen Clarke is stepping down as chief executive of WH Smith and will be replaced by Carl Cowling, who runs the retailer's high street business.
Greencore interims up in 'challenging' UK market
Convenience food maker Greencore on Tuesday reported a 17% rise in interim adjusted pre-tax profit as it faced a "challenging" UK market with a strong performance by its food-to-go business offset by a softer ready meals market.
Strong US performance boosts HomeServe profit
Home emergency repairs business HomeServe reported a 14% increase in full-year adjusted pre-tax profit on Tuesday, with a particularly pleasing performance in North America.
Fresnillo says 2019 to be 'challenging year'
Gold and sliver miner Fresnillo said it expected 2019 to be "a more challenging year" than 2018, with a number of industry variables "potentially working against us".
Electrocomponents profit rises amid market share gains in EMEA, Americas
Electrocomponents posted a jump in full-year profit and revenue on Tuesday as it made "strong" market share gains in EMEA and the Americas.
Galliford Try to cut 350 jobs after construction review
Government contractor Galliford Try said it was cutting 350 jobs at its troubled construction division after a strategic review.