News And Announcements
Greggs holds guidance but warns cost inflation, prices rising
High Street bakery chain Greggs reported a 22. 4% rise in like-for-like sales for the half-year and maintained 2022 guidance , but bumped up its cost inflation guidance once again as price continued to rise.
Pebble Beach expecting higher revenue, reduced first-half margin
Broadcast and streaming playout technology company Pebble Beach Systems said on Tuesday that it expected “modest growth” in first-half revenue of 3% year-on-year.
Revolution Bars ends year in line with upgraded expectations
Revolution Bars said in an update on Tuesday that its results for the financial year just ended were set to be in line with its upgraded expectations.
Atlantic Lithium upbeat on latest drilling results from Ewoyaa
Atlantic Lithium announced assay results from the resource and exploration drilling programme underway at the Ewoyaa lithium project in Ghana on Tuesday, after results were received for an additional 2,900 metres of reverse circulation drilling at the Ewoyaa Main and Grasscutter North targets.
Bens Creek working to recover from Appalachia flooding
Coal mine owner Bens Creek updated the market on its infrastructure on Tuesday, following severe flooding in the western part of West Virginia and in Eastern Kentucky since 27 July.
Engage XR trades as expected in first half
Virtual reality (VR) technology company Engage XR said in an update on Tuesday that it was trading in line with market expectations, continuing to win new customers for its proprietary software platform and expanding relationships with existing clients in the first half.
Travis Perkins slumps as Toolstation swings to loss
Travis Perkins was under the cosh on Tuesday after the DIY retailer said its Toolstation business swung to a loss in the first half as the pandemic boost faded.
Jadestone Energy to buy back up to $25m of shares
Asia-Pacific-focussed oil and gas company Jadestone Energy launched a share buyback programme of up to $25m on Tuesday, as part of its strategy to return up to $100m to shareholders over 12 months.
Gamma Communications flags strong first half
Communications-as-a-service provider Gamma Communications said in an update on Tuesday that it performed “well” through its first half, with “”strong year-on-year adjusted EBITDA growth.
Purplebricks shares slump as agency swings to loss after marketing failures
Shares in UK online real estate agency Purplebricks slumped on Tuesday after the company revealed a full-year loss as it struggled to execute a new operating model and also had to set aside cash to cover problems at its lettings division.
Genel Energy profits grow amid oil price surge
Genel Energy posted a rise in first-half profits and revenue on Tuesday as oil prices surged.
Rotork reports 'strong momentum' as revenue, earnings decline
Industrial flow control specialist Rotork reported a 14% improvement in adjusted order intake year-on-year for its first half on Tuesday, to £340. 1m, although its revenue and earnings narrowed.
Man Group confident as assets under management shrink
Man Group reported assets under management of $142. 3bn at the end of its first half on Tuesday, down from $148. 6bn at the end of December.
Capco total equity stable as it awaits Shaftesbury merger clearance
Capital & Counties reported total equity of £1. 8bn at the end of its first half on Tuesday, remaining stable compared to the end of 2021, as it awaited regulatory approval of its proposed merger with Shaftesbury.
BA suspends short haul sales from Heathrow
British Airways been forced to suspend ticket sales on short-haul flights from Heathrow until August 8 in response to the London airport’s decision to cap capacity amid continuing disruption and cancellations.
IP Group portfolio company completes series A funding round
Intellectual property investor IP Group said on Tuesday that portfolio company Hysata had completed an oversubscribed series A funding round to develop a pilot manufacturing facility.
Coats hails strong first half, looks to 'more normalised' trading
Industrial thread maker Coats reported group sales growth of 19% on a constant exchange rate basis in its first half on Tuesday, or 14% on a reported basis, to reach $801m in revenue.
Virgin Money UK delivers 'strong profitability' in Q3
Clydesdale Bank parent company Virgin Money UK said on Tuesday that it had delivered "strong profitability" in its third quarter, leaving the group with a "robust" balance sheet as it commenced its inaugural buyback.
Biffa posts record statutory revenue as trading recovers
Biffa shares were in the green on Tuesday morning, after the company reported record group statutory revenue of £1. 44bn - up 39% on the 2021 financial year, and up 24% on 2020.
Direct Line hit by claims inflation as H1 profits fall
Insurer Direct Line posted a 31. 8% decline in first-half pre-tax profit on Tuesday as it took a hit from claims inflation.