News Archive
Diploma revenue, profits rise amid 'tougher environment'
19th Nov 2024 09:13
(Sharecast News) - Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1.36bn, as adjusted operating profit increased 20% to £285m.
Read moreJPMorgan reiterates 'overweight' on Just Group, lifts price target
19th Nov 2024 08:56
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Just Group on Tuesday and lifted the price target to 200p from 190p after it completed a £1.8bn full buy-in with the Trustee of the G4S Pension Scheme, covering the benefits of around 22,500 members.
Read moreBig Yellow forecasts return to EPS growth in second half
19th Nov 2024 08:51
(Sharecast News) - Self-storage warehouse operator Big Yellow Group has predicted a return to earnings per share growth in the second half after a slight reduction in the first six months of its financial year as higher operating costs weighed on the bottom line.
Read moreEurope open: Stoxx up as investors eye EZ data, Nvidia earnings
19th Nov 2024 08:12
(Sharecast News) - European shares were higher at the open after an upbeat session in Asia with eyes on a eurozone final October inflation reading later in the day and more corporate earnings.
Read morePetershill Partners reports solid third-quarter performance
19th Nov 2024 08:10
(Sharecast News) - Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.
Read moreGenuit YTD revenues down amid 'subdued' conditions
19th Nov 2024 08:07
(Sharecast News) - Plastic piping manufacturer Genuit said on Tuesday that it has delivered a "resilient performance" year-to-date, despite operating in "subdued market conditions".
Read moreLondon open: Imperial Brands leads gains after results
19th Nov 2024 07:59
(Sharecast News) - London stocks rose in early trade on Tuesday, with Imperial Brands leading the gains after well-received results.
Read moreTullow Oil reaches deal to extend $250m credit facility
19th Nov 2024 07:53
(Sharecast News) - Tullow Oil has reached agreement with its lenders to extend the maturity of its revolving credit facility (RCF) to June 30, 2025, the company said on Tuesday.
Read moreMarshalls targets 15% operating margin under new strategy
19th Nov 2024 07:51
(Sharecast News) - Landscaping and building supplier Marshalls on Tuesday unveiled a new strategy targeting an operating margin of 15% and outperformance the wider construction market by 2 - 4%.
Read moreBodycote sees FY operating profit in line despite 'challenging' end markets
19th Nov 2024 07:42
(Sharecast News) - Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".
Read moreLondon pre-open: Stocks seen up on positive US, Asian cues
19th Nov 2024 07:32
(Sharecast News) - London stocks were set to gain at the open on Tuesday following a positive session in Asia and a mostly higher close on Wall Street.
Read moreTuesday newspaper round-up: Starling Bank, Asos, Morrisons
19th Nov 2024 07:25
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Read moreMulberry to 'streamline operations' as losses widen
19th Nov 2024 07:21
(Sharecast News) - Luxury handbag maker Mulberry said on Tuesday that it was taking steps to "streamline operations" as it reported a 19% drop in first-half revenue and a widening of its losses, pointing to a "difficult" trading environment.
Read moreImperial Brands FY profits rise as new product revenues surge
19th Nov 2024 07:21
(Sharecast News) - Cigarette and maker Imperial Brands on Tuesday posted a 4.5% rise in full-year adjusted operating profit as revenues from new products such as vapes and nicotine pouches surged by more than a quarter.
Read moreGB Group swings to profit after solid first half
19th Nov 2024 07:20
(Sharecast News) - Shares in AIM-listed GB Group rose on Tuesday as the identity fraud and location software firm reiterated its full-year outlook after swinging into the black in the first half.
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