News And Announcements
Unilever won't lift £50bn offer for GSK consumer health arm
Unilever will not be increasing its offer for GlaxoSmithKline’s consumer healthcare business.
Christie set to beat profit expectations after strong end to year
Christie Group reported an “extremely strong” year-end performance in its business broking, valuation and advisory practice Christie & Co in an update on Wednesday.
Entain's BetMGM venture to blast past $1bn net revenue in 2022
Entain updated the market on performance at its BetMGM joint venture with MGM Resorts International on Wednesday, with the operation expecting full-year net revenue to top $1. 3bn in 2022.
PCI-PAL trading ahead of expectations after 'excellent' first half
Cloud payment technology provider PCI-PAL reported an “excellent” first half in a trading update on Wednesday, with all of its key metrics either at or ahead of management expectations.
Appreciate Group performs well in key third quarter
Corporate and consumer retailer redemption programme provider Appreciate Group reported third quarter billings of £96. 1m in a trading update on Wednesday, up 13% on the pre-pandemic period in the third quarter of the 2020 financial year, and “broadly similar” to 2021’s £96. 8m figure.
Eve Sleep flags customer services 'challenges', shares plunge
Shares in Eve Sleep tumbled on Wednesday as the mattress retailer warned of "challenges" caused by a spike in Covid cases.
Bank of America's bottom line gets a boost from net interest income during the fourth quarter
Bank of America beat earnings estimates from analysts on the Street thanks to a big jump in net interest income and a resumption in loan growth.
M&C Saatchi finance chief quits after reports of move to Dept
M&C Saatchi said on Wednesday that Mickey Kalifa had resigned from his executive role as chief financial officer, for “personal reasons”, as the company worked to defend an unsolicited takeover from the acquisition vehicle AdvancedAdvT.
FRC fines KPMG, partner over Conviviality audit failures
The Financial Reporting Council has imposed sanctions against KPMG and audit partner Nicola Quayle, it announced on Wednesday, over the company’s audits of failed drinks business Conviviality for the 2017 and 2018 financial years.
Alpha FX upbeat after 'exceptionally strong' fourth quarter
Currency exchange risk management and alternative banking provider Alpha FX said on Wednesday that, following its last update on 8 December, its trading had continued strongly across divisions, resulting in an “exceptionally strong” November and December.
Boku reports good trading as it agrees to sell identity division
Mobile payments and identity company Boku advised shareholders in an update on Wednesday that it was expecting 2021 earnings nearly a third higher than the prior year, as it announced the divestment of its identity subsidiary in a deal worth up to $32m.
Midwich flags forecast-beating profits after bumper 2021
Audio-visual trade distributor Midwich said in a trading update on Wednesday that it finished 2021 “strongly”, with the company now expecting to report revenue of more than £850m, representing growth of about 20% year-on-year.
Pan African lifts production guidance after decent first half
Pan African Resources reported a 9. 9% improvement in group gold production in an update on Wednesday, to a record half-year production total of 108,085 ounces, as it increased its full-year production guidance to around 200,000 ounces.
Best of the Best warns on profits, shares tumble
Best of the Best tumbled on Wednesday after the organiser of weekly competitions to win cars and other prizes warned on profits.
Wise reports jump in third-quarter revenues
Wise reported a jump in revenues on Wednesday after more than 4m customers used its services during the quarter.
GSK chief science officer leaves to join US startup
GlaxoSmithKline said it had appointed Tony Wood as chief scientific officer designate after Hall Barron said he was resigning the post to run a new privately owned start-up biotech company.
Centamin ends year in line with production forecasts
Centamin reported annual gold production in line with expectations in its fourth quarter update on Wednesday, with 107,549 ounces produced in the three months ended 31 December, making for a 2021 total of 415,370 ounces for 2021, at the midpoint of its guidance.
Crest Nicholson returns to post-tax profit in strong housing market
Crest Nicholson reported revenue of £786. 6m in its preliminary results on Wednesday, up from £677. 9m year-on-year, which it put down to strategic progress and the underlying strength of the housing market.
Galliford Try makes 'good operational progress' in H1
Construction company Galliford Try said on Wednesday that it had performed well in the first half of its financial year, with trading in line with internal expectations as the group made "further good operational progress" in the period.
Experian COO Kerry Williams to retire
Experian said on Wednesday that Kerry Williams plans to retire as chief operating officer and as an executive director after 19 years at the credit checking firm.