Company News
Robert Walters returns to net fee growth in Q3
Recruiter Robert Walters reported a return to net fee growth in the third quarter on Wednesday as it hailed another strong performance in the UK and said full-year results would be "at least" in line with market expectations.
Bank of America profits fall 17% after $1.2bn money laundering penalty
Bank of America reported a 17% decline in third-quarter profit after taking a $1. 2bn charge linked to a major US anti-money laundering settlement, with the regulatory penalty overshadowing an otherwise mixed set of results.
BlackRock posts jump in third-quarter profit
BlackRock reported a rise in third-quarter profit on Wednesday as assets under management grew.
Discoverie lifts FY guidance after strong H1 performance
Electronic components manufacturer DiscoverIE said on Wednesday that first‑half trading remained strong, prompting an earnings upgrade, with organic sales up 8% and orders surging 22%.
Vertu Motors lifts FY profit expectations again after strong H1
Automotive retailer Vertu Motors lifted its full-year profit expectations again on Wednesday following a strong first half.
Great Portland Estates secures £19m of lettings
Property development and investment firm Great Portland Estates said on Wednesday that it had secured £19m of lettings in the first half, with deals struck 4. 1% ahead of enterprise rental value.
Activist investor Ancora urges Big Yellow to explore a sale
Big Yellow shares rallied on Wednesday after activist investor Ancora Holdings Group said the self-storage company should explore a sale.
Ashmore lifts AuM to $54.5bn as Q1 inflows hit $1.1bn
Investment manager Ashmore said on Wednesday that assets under management edged $500m higher to $54. 5bn in the first quarter, with $1. 1bn of net inflows more than offsetting $600m of negative investment performance.
Chemring signs strategic partnering agreement with ‘major’ US prime contractor
Chemring said on Wednesday that its Roke subsidiary has signed a multi-year strategic partnering agreement with a major US prime contractor worth at least $170m over the first five years.
Softcat hails another year of 'exceptional' growth
Softcat hailed another year of "exceptional" growth on Wednesday as it posted a rise in profit and gross invoiced income, driven by a "very strong", broad-based performance.
Rio Tinto beats iron ore sales forecasts, on track for $5bn capital release
Rio Tinto said it remains on track to unlock around $5bn of capital by the end of 2026 after strong operational performance helped third-quarter iron ore sales from its Pilbara operations beat market expectations.
Wednesday preview: More US bank earnings due
Wednesday will bring more US bank earnings, with quarterly results from Bank of America and Morgan Stanley due, while BlackRock is also slated to report.
LSEG confirms talks on potential $3.5bn Octus acquisition, shares fall
London Stock Exchange Group has confirmed it is in talks with private equity outfit Permira over a potential $3. 5bn acquisition of credit intelligence and data provider Octus.
Director dealings: Mortgage Advice Bureau chairman snaps up shares
Mortgage Advice Bureau revealed on Tuesday that non-executive chairman Michael Jones had acquired 5,833 ordinary shares in the AIM-listed property finance platform operator.
Entain rallies as JV BetMGM hails ‘strong’ Q3
Entain rallied on Tuesday after BetMGM - its joint venture with MGM Resorts - hailed a "strong" third-quarter performance and reaffirmed its guidance for the full year.
Melrose's GKN Aerospace reaches $125m settlement for Garden Grove incident
Melrose Industries shot higher on Tuesday as it said its GKN Aerospace unit had reached a $125m settlement with authorities in California over a chemical incident at its Garden Grove facility in May, and that it continues to expect a phased return to full capacity at the site in the fourth quarter.
Goldman Sachs equities trading drives bumper Q2
Shares in Goldman Sachs rose on Tuesday after the US investment bank reported its second-highest quarterly revenue on record, fuelled by a 72% surge in equities trading income.
JPMorgan shares subdued as third-quarter earnings miss forecasts
JPMorgan Chase on Tuesday reported third-quarter earnings and revenue below Wall Street expectations, despite higher profits driven by growth in lending and investment banking.
LVMH shares fall as China woes hit fashion and leather goods sales
Shares in French luxury goods giant LVMH fell on Tuesday after the company reported a decline in third-quarter sales at its flagship fashion and leather goods division, as weaker demand in China weighed on performance.
Oxford Instruments sees FY in line with views as interim revenue rises
Oxford Instruments said on Tuesday that full-year results were set to be in line with market expectations as it reported a rise in interim revenue amid strong demand across both divisions.