News And Announcements
Wood Group surges as core earnings set to rise
Wood Group surged on Thursday after the oilfield services provider said full-year core earnings were set rise on the year.
PPHE buys out joint venture partner on New York property
Hospitality real estate company PPHE Hotel Group has acquired the 50% interest in W29 Development from its joint venture partner, for a total consideration of $3. 3m (£2. 53m) plus associated acquisition costs.
Workspace sees 'good momentum' in third quarter
Workspace Group reported “good momentum” in its third quarter on Thursday, with strong customer demand leading to enquiries averaging 1,001 per month, up from 907 year-on-year, and lettings reaching 113 per month, from 98.
Dechra Pharmaceuticals banking on rest of year after first half struggles
Dechra Pharmaceuticals updated the market on its trading for the half-year ended 31 December on Thursday, reporting that its outlook for the full year was in line with management expectations.
Rank Group raises expectations on underlying profit
Rank Group announced an increase in its profit forecasts on Thursday, following further positive trading in its digital operations and the Grosvenor and international venues businesses, underpinned by cost savings from its transformation programme.
Increase in selling space underpins Primark performance for AB Foods
Associated British Foods updated the market on its trading for the 16 weeks to 4 January on Thursday, reporting that its outlook was unchanged, with progress expected - on both a reported and an IFRS 16 adjusted basis - in its adjusted earnings per share for the year.
Hays warns on profits as Brexit, bushfires, weak Germany hit fees
International recruitment firm Hays on Thursday warned of a lower first-half operating profit as its main markets were hit by economic uncertainty.
N Brown shares slump after profit warning
Clothing retailer N Brown warned on profits on Thursday, pinning the blame on a "highly promotional markets" and lower revenue from its credit lending service.
Inchcape to buy Daimler's Mercedes-Benz distribution operations in Colombia
Automotive distributor and retailer Inchcape has agreed to buy Daimler's Mercedes-Benz passenger car and private vans distribution operations in Colombia for an undisclosed sum.
Bakkavor revenue rises, FY seen in line with expectations
FTSE 250 food manufacturer Bakkavor said on Thursday that full-year results will be in line with expectations, as it posted a rise in sales.
Marshalls backs full-year expectations as revenue rises 10%
Marshalls reported a 10% jump in group revenue on Thursday as it sounded an optimistic note on future trading and backed its expectations for the full year.
Whitbread UK sales fall on weaker hotel demand
UK like-for-like third quarter sales at pubs to hotels group Whitbread fell 1. 3% as Brexit-related weak accommodation demand offset a strong good performance in food and beverages in “challenging” conditions.