News And Announcements
Cineworld swings to first-half loss due to Covid-19 closures
Cineworld said on Thursday that it swung to a loss in the first half after its cinemas were forced to close in March due to the coronavirus pandemic and warned it would need to raise additional liquidity if its cinemas were shut again.
AA in talks with TowerBrook and Warburg Pincus on joint bid
The AA said it was in talks with TowerBrook Capital and Warburg Pincus International about a joint offer for the company after two other potential private equity bidders pulled out of the running to buy the car breakdown service.
Pets at Home FY profit seen ahead of expectations
Full-year underlying pre-tax profit at Pets at Home is set to be ahead of current market expectations of £73m as sales momentum returns across the business.
United Utilities sees H1 loss on lower revenue, higher renewables spending
United Utilities forecast lower profits for the half year as it felt the impact of lower revenue and slightly higher renewables spending.
Smiths declares dividend as business stabilises
Smiths Group reinstated its dividend as the FTSE 100 engineer said business had stabilised after a sharp drop in annual profit.
Mitchells & Butlers LFL sales down 3.1%
Harvester and All Bar One owner Mitchells & Butlers said like-for-like sales had fallen 3. 1% as it warned of a “challenging and uncertain” future after the UK government imposed new Covid-19 restrictions on the hospitality industry.