Company News
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Rolls-Royce abandons carbon capture plan - report
Tuesday 23 May 2023
(Sharecast News) - Rolls-Royce is reportedly abandoning part of its carbon capture operation as part of a streamlining of the engineering group under its new boss. Read More
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Lowe's cuts outlook on weaker DIY demand
Tuesday 23 May 2023
(Sharecast News) - American hardware retailer Lowe's cut its full-year sales outlook on Tuesday on the back of weaker-than-expected DIY spending. Read More
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FD Technologies swings to loss before tax despite revenue growth
Tuesday 23 May 2023
(Sharecast News) - Analytics and data specialist FD Technologies reported a 12% improvement in revenue in its full-year results on Tuesday, to £296m. Read More
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Big Technologies maintains expectations after decent start to year
Tuesday 23 May 2023
(Sharecast News) - People-monitoring technology specialist Big Technologies said in an update on Tuesday that it was experiencing continuous revenue growth, with its performance in the first four mont... Read More
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Shutterstock to buy Giphy from Meta for $53m
Tuesday 23 May 2023
(Sharecast News) - Shutterstock said on Tuesday that it has agreed to buy Giphy from Meta Platforms for $53m in cash. Read More
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TBC Bank buys remaining 49% of Payme for $55.7m
Tuesday 23 May 2023
(Sharecast News) - TBC Bank said it had agreed to buy the remaining 49% of Uzbekistan payments firm Payme in for $55.7m in cash. Read More
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Dowlais off to 'encouraging' start to the year
Tuesday 23 May 2023
(Sharecast News) - Dowlais Group reiterated it was on track to meet full-year expectations on Tuesday, after getting off to an "encouraging" start. Read More
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Avon Protection warns of lower revenue after missing first-half expectations
Tuesday 23 May 2023
(Sharecast News) - Avon Protection reported improved first-half profitability in its first half on Tuesday, although its revenue came in below expectations for the period as the firm warned of lower f... Read More
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Bytes Technology Group reports solid full-year growth
Tuesday 23 May 2023
(Sharecast News) - Software, security and cloud service specialist Bytes Technology Group reported strong growth in its preliminary results on Tuesday, with gross invoiced income up 10.1% at £1.44bn. Read More
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Altice ups stake in BT to 24.5%
Tuesday 23 May 2023
(Sharecast News) - Altice said on Tuesday that it has upped its stake in British telecommunications firm BT Group to 24.5% but insisted it does not plan to make a takeover offer. Read More
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Topps Tiles hails record revenues but profits fall
Tuesday 23 May 2023
(Sharecast News) - Tile specialist Topps Tiles hailed a record first-half sales performance on Tuesday, but profits fell. Read More
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Assura swings to full-year loss
Tuesday 23 May 2023
(Sharecast News) - Primary care property investor and developer Assura said on Tuesday that it swung to a full-year loss as its property valuation fell. Read More
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RS Group warns of slowdown after year of solid growth
Tuesday 23 May 2023
(Sharecast News) - Industrial products company RS Group reported a 17% rise in revenue in its final results on Tuesday, to reach £2.98bn, though it warned of a slowdown in trading in the first weeks o... Read More
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Ofwat launches probe into Pennon over leakage data
Tuesday 23 May 2023
(Sharecast News) - Ofwat said on Tuesday that it has launched an investigation into South West Water's leakage data, weighing on owner Pennon Group's shares. Read More
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Drax backs FY expectations, plans two new sites in US
Tuesday 23 May 2023
(Sharecast News) - Drax backed its full-year profit expectations on Tuesday as it announced plans for two new biomass-fuelled power stations in the US. Read More
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UK grocery inflation nudges lower to 17.2%
Tuesday 23 May 2023
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs. Read More
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Meat producer Cranswick lifts dividend as FY profits rise
Tuesday 23 May 2023
(Sharecast News) - Meat producer Cranswick reported a rise in full-year profit and revenue on Tuesday as it announced a new supply agreement with retailer Pets at Home. Read More
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Tullow Oil Kenya Lokichar Basin partners pull out
Tuesday 23 May 2023
(Sharecast News) - Total Energies and Africa Oil have pulled out of a Kenyan project, leaving operator Tullow Oil as the sole owner, the latter said on Tuesday. Read More
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ITV invests £3m in pet wellness company
Tuesday 23 May 2023
(Sharecast News) - ITV on Tuesday said it had invested £3m in pet health and wellness company Pitpatpet. Read More
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Barratt asks John Allan to step down early as chair
Tuesday 23 May 2023
(Sharecast News) - House builder Barratt Developments said it had asked chairman John Allan to step down from his role as chairman earlier than planned, to stop allegations of impropriety towards wome... Read More
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