Company News
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M&S warns on outlook as profits spark
Wednesday 25 May 2022
(Sharecast News) - Marks & Spencer reported a jump in annual earnings on Wednesday, boosted by a strong performance in food, but warned that growing headwinds could curtail profits in the current year... Read More
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Smurfit Kappa begins construction of Moroccan packaging plant
Wednesday 25 May 2022
(Sharecast News) - Packaging company Smurfit Kappa has begun construction of a new €35.0m packaging plant in Morocco, its first corrugated plant in the country. Read More
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Volution Group Q3 revenues grow, FY earnings seen at upper end of expectations
Wednesday 25 May 2022
(Sharecast News) - Ventilation equipment manufacturer Volution Group said on Wednesday that it had continued to perform "strongly" through the second half of its trading year, with the company expecti... Read More
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Softcat sees FY operating profit 'slightly ahead' of expectations
Wednesday 25 May 2022
(Sharecast News) - IT services provider Softcat on Wednesday said annual operating profit would be slightly ahead of expectations after a strong third quarter. Read More
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Wednesday preview: Fed minutes, Marks&Spencer in focus
Wednesday 25 May 2022
(Sharecast News) - All eyes in the middle of the week will revert to the US central bank as it releases the minutes of its 3-4 May policy deliberations. Read More
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Glencore to pay $1.5bn to settle UK, US investigations
Tuesday 24 May 2022
(Sharecast News) - Glencore will reportedly pay $1.5bn to settle US and UK investigations into alleged wrongdoing. Read More
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Director dealings: Audioboom chair, Tyman non-exec make purchases
Tuesday 24 May 2022
(Sharecast News) - Podcast producer and distributor Audioboom Group was on the list of buys on Tuesday, after its chairman spent almost £40k on shares. Read More
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Audioboom reports strong trading in response to share price slide
Tuesday 24 May 2022
(Sharecast News) - Podcast producer and distributor Audioboom reported ongoing strong trading on Tuesday, in response to a slide in its share price since the beginning of May. Read More
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Velocity Composites first-half sales meet expectations
Tuesday 24 May 2022
(Sharecast News) - Aerospace and manufacturing composites supplier Velocity Composites said first-half sales were in line with management expectations in an update on Tuesday, rising to £5.9m from £4.... Read More
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Epwin Group described strong start to year
Tuesday 24 May 2022
(Sharecast News) - Building products manufacturer Epwin Group reported "strong" trading in the first four months of the year on Tuesday, with revenues to 30 April being 15% ahead of the same period in... Read More
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Belvoir buys TIME Group in £3.67m cash deal
Tuesday 24 May 2022
(Sharecast News) - Property franchise company Belvoir Group has acquired the TIME Group, it announced on Tuesday, for initial cash of £3.67m. Read More
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Vector Capital loan book grows 9.8pc in first quarter
Tuesday 24 May 2022
(Sharecast News) - Vector Capital said in an update on Tuesday that its loan book grew by £4.5m, or 9.8%, in the three months ended 31 March, with the number of live loans increasing to 89 from 79. Read More
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Klarna planning to cut 10pc of its global workforce
Tuesday 24 May 2022
(Sharecast News) - Consumer credit provider Klarna is planning to axe 10% of its staff, it was reported on Tuesday, as the company warned that a recession looked likely. Read More
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Greencoat to acquire four French wind farms
Tuesday 24 May 2022
(Sharecast News) - Greencoat Renewables has agreed to acquire a 65MW portfolio of operating wind farms in France from Switzerland's largest renewable energy generator Axpo, it announced on Tuesday. Read More
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Warehouse REIT reports strong portfolio performance
Tuesday 24 May 2022
(Sharecast News) - Warehouse REIT reported a 28.6% improvement in EPRA net tangible assets per share in its final results on Tuesday, to 173.8p, which it put down to a revaluation increase of 38.5p pe... Read More
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IAG facing shareholder revolt over BA share award plan - report
Tuesday 24 May 2022
(Sharecast News) - IAG is reportedly facing a shareholder pay revolt amid criticism of proposals for an "excessive" hike in British Airways executives' share awards despite the airline suffering big l... Read More
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KPMG fined £3.3m for Rolls-Royce audit failings
Tuesday 24 May 2022
(Sharecast News) - KPMG has been fined more than £3m by the accounting regulator over serious failures in its audit of Rolls-Royce. Read More
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Grocery inflation hits 13-year high
Tuesday 24 May 2022
(Sharecast News) - Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount. Read More
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UK business activity slows sharply in May
Tuesday 24 May 2022
(Sharecast News) - Business activity in the UK slowed sharply in May as inflationary pressures and geopolitical uncertainty weighed on customer demand, according to a survey released on Tuesday. Read More
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Topps Tiles reports record first-half turnover
Tuesday 24 May 2022
(Sharecast News) - Specialist tile retailer Topps Tiles reported a record first half turnover of £119m on Tuesday, supported by ongoing strength in the UK repair, maintenance and improvement (RMI) se... Read More
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