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Online sales boom fuels Dixons Christmas revenues

Dixons Carphone maintained full year guidance as it reported a sharp rise in electricals revenue over the Christmas period driven by people buying televisions and computers online during the coronavirus lockdown.

IAG strikes half-price deal for Air Europa

British Airways and Iberia parent IAG has revised the terms of its deal for Spanish budget airline Air Europa and will now pay €500m, down from a previous price of €1bn.

MaxCyte revenue growth expected to accelerate faster than anticipated

Cell engineering specialist MaxCyte said on Wednesday that 2021 revenues were likely to grow at a faster than initially expected rate at the same time as it posted a solid set of earnings for 2020.

Alliance Pharma profits improve as it acquires Biogix

Alliance Pharma said on Wednesday that its see-through revenues for 2020 were down 5% on the prior year at £137.5m, as expected, both on a reported and a constant currency basis, reflecting the impact of Covid-19.

Burberry sales fall but Rashford boosts full-price trading

Burberry sales fell in the third quarter as the impact of Covid-19 and fewer price cuts offset strong sales of full-price items boosted by its association with footballer Marcus Rashford.

19 Jan
Entain tanks as MGM Resorts walks away

Entain shares tumbled on Tuesday after MGM Resorts International said it won’t go ahead with an offer for the Ladbrokes owner, after its initial approach was rejected.

19 Jan
Carlyle, KKR and CVC among bidders for Rolls-Royce's ITP Aero - report

Private equity firms Carlyle, CVC and KKR are reportedly among the bidders for engine maker Rolls-Royce’s Spanish business, ITP Aero.

19 Jan
FedEx Express announces 6,300 layoffs in Europe

FedEx Corp’s express unit announced a plan on Tuesday to lay off between 5,500 and 6,300 employees in its European branch.

19 Jan
Broker tips: AJ Bell, Spirent, Indivior

Berenberg upgraded its stance on shares of investment platform AJ Bell on Tuesday to 'hold' from 'sell' and hiked their price target on the stock to 400.0p from 230.0p.

19 Jan
CBI calls for furlough scheme to be extended

The Confederation of British Industry has called on the chancellor to extend the furlough scheme, warning that companies had been hit hard by the latest round of lockdown restrictions.

19 Jan
Lumentum to buy laser maker Coherent in $5.7bn deal

Lumentum said on Tuesday that it has agreed to buy California-based laser maker Coherent in a cash and share deal valued at $5.7bn, sending shares in the latter surging in pre-market trade.

19 Jan
Superdry warns over going concern risks as losses widen

Fashion brand Superdry warned on Tuesday over its ability to continue as a going concern, reporting a widening of its interim losses and a slump in revenue as it took a hit from the pandemic and related store closures.

19 Jan
Asia report: Markets mostly higher as Hong Kong locks down further

Markets in Asia closed mostly firmer on Tuesday, as investors held their breath ahead of the inauguration of US president-elect Joe Biden later in the week, and monitored the ongoing global Covid-19 pandemic.

19 Jan
Watkin Jones turns out 'solid' full-year performance

Build-to-rent developer Watkin Jones described a “solid” financial performance in its full-year results on Tuesday, with revenue falling 5.5% for the year, primarily as a result of forward sales of developments being deferred due to Covid-19 uncertainty.

19 Jan
British Land taps Tesco's Bhavesh Mistry as new finance chief

British Land announced on Tuesday that Bhavesh Mistry has been appointed its chief financial officer.

19 Jan
TruFin FY revenues 'significantly ahead' of market expectations

Financial services firm TruFin said on Tuesday that full-year revenues were expected to be "significantly ahead" of market expectations at approximately £14.6m.

19 Jan
London open: Stocks rise ahead of Yellen testimony

London stocks rose in early trade on Tuesday as investors awaited a testimony on stimulus by incoming US Treasury Secretary Janet Yellen.

19 Jan
Glencore seals $1.5bn deal to offload Mopani Copper Mines

Glencore has agreed to sell Mopani Copper Mines to the Zambian government in a $1.5bn deal, it was announced on Tuesday.

19 Jan
Premier Foods ups full-year guidance after 'exceptional' quarter

Premier Foods has upped its full-year profit guidance, after the introduction of fresh lockdown restrictions saw people spend more on eating at home during the key festive trading season.

19 Jan
London pre-open: Stocks seen higher ahead of Yellen testimony

London stocks were set for a firmer open on Tuesday following an upbeat session in Asia, ahead of a testimony by incoming US Treasury Secretary Janet Yellen.