News And Announcements
Hot weather, higher prices see retail footfall decline
A hot July and higher price tags saw Brits making less visits to shops last month, according to fresh industry data on Friday, with total UK retail footfall decreasing 14. 2% over the pre-Covid comparative period in 2019.
Glencore interims rise $10bn, to return $4.5bn to shareholders
Commodity trading and mining company Glencore posted a massive $10. 3bn rise in interim core profits on the back of record prices for coal and gas and said it would return $4. 5bn to shareholders.
The Gym Group records 'strong' first half recovery
Fitness centre operator The Gym Group reported a “strong” financial recovery in its first half on Thursday, with group adjusted EBITDA less normalised rent swinging to £17m from a loss of £8. 1m year-on-year.
ConvaTec confirms guidance after strong H1 revenue growth
ConvaTec reported “strong” revenue growth in its first half on Thursday, up 3. 6% on a reported basis to $1. 05bn, 8% on a constant currency basis, and 6. 4% on an organic basis, with “positive performances” across all of its divisions.
Petrofac consortium awarded $300m Algeria contract
Petrofac said on Thursday that its consortium with Genie Civil et Batiment (GCB) has been provisionally awarded an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria.
Centamin watching costs after 'strong' first half
Centamin reported first half revenue of $382m in its interim report on Thursday, up 4% year-on-year, from gold sales of 203,587 ounces at an average realised gold price of $1,872 per ounce.
Hikma cuts guidance on lagging generics business
Hikma shares were tumbling on Thursday morning after the pharmaceuticals company reported flat group revenue in its first half, at $1. 21bn, as it slashed its guidance on its lagging generics business.
Mears lifts full-year outlook after strong first half
Mears upgraded its full-year outlook on Thursday following a "strong" first-half performance.
Evraz H1 net profits tumble 99.5%
Russia-focussed steel producer Evraz said on Thursday that net profits had fallen to next to nothing in the six months ended 30 June.
Kinetic lifts takeover offer for Go-Ahead by £22m
Australian bus group Kinetic and Spanish infrastructure specialist Globalvia have lifted their takeover offer for London-listed transport operator Go-Ahead by £22m.
Morgan Sindall sees FY 'slightly ahead' of expectations
Building contractor Morgan Sindall said it expected annual results to be slightly ahead of expectations after posting a rise in half-year profits, despite a tough inflationary environment.
Spirent Communications posts jump in H1 profits
Spirent Communications posted a rise in first-half profit and revenue on Thursday as it hailed a record order book and a strong performance across all of its end markets.
AstraZeneca breast cancer drug receives EU approval
Drugmaker AstraZeneca's Lynparza has received European Union approval for use in the adjuvant treatment of adult patients with high-risk early-stage breast cancer, including those with germline BRCA mutations.
Informa FY revenue and profits seen at 'top-end' of guidance
Publishing and exhibitions group Informa reiterated full-year guidance on Thursday after witnessing "strong" revenue and adjusted profit growth throughout the six months ended 30 June.
Serco lifts full-year guidance again
Outsourcer Serco lifted its full-year guidance slightly on Thursday to reflect trading in May and June, as it said strong growth across the business had offset the wind-down of the Test & Trace business.
Tritax Big Box profits rise on strong rental growth
Logistical warehouse specialist Tritax Big Box said interim operating profit rose 5. 6% driven by development completions and like-for-like rental growth.
Meggitt H1 profits rise as civil aerospace recovery continues
Meggitt posted a jump in first-half profit and revenue on Thursday as it said the recovery in civil aerospace continues.
Rolls-Royce first-half profits fall but FY guidance backed
Engine maker Rolls-Royce reported a drop in first-half underlying operating profit on Thursday but backed its full-year guidance amid expectations of an improvement in the civil aerospace division.
Mondi profits surge on higher prices
Paper and packaging group Mondi reported a sharp rise in interim profits on the back of higher prices due to reduced timber supplies.
Mediclinic to be taken over by Remgro consortium for £3.7bn
Hospital group Mediclinic has agreed to be bought by a consortium led by South Africa’s Remgro for around £3. 7bn.