Company News
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Virgin Money to shut branches in digital push
Monday 27 Jun 2022
(Sharecast News) - Virgin Money said it would close almost one-fifth of its branches and cut office space as customers increasingly move online during the pandemic. Read More
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Softline plans London IPO to raise $400m
Monday 27 Jun 2022
(Sharecast News) - Softline, a digital transformation company, is planning an initial public offering to raise $400m for expansion and acquisitions. Read More
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Go-Ahead loses Southeastern franchise as CFO quits
Monday 27 Jun 2022
(Sharecast News) - Go-Ahead has lost the Southeastern rail franchise, repaid the government £25m owed under the contract and parted company with its finance chief. Read More
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Lego profit surges to a record
Monday 27 Jun 2022
(Sharecast News) - Lego's first-half profit more than doubled to a record as the Danish toymaker emerged as a winner from the Covid-19 crisis. Read More
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Pfizer reports positive results from children's Covid-19 trial
Monday 27 Jun 2022
(Sharecast News) - Pfizer and BioNTech have reported positive results from their trial of a Covid-19 vaccine for children aged 5-12. Read More
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Reckitt Benckiser trading in line with expectations
Monday 27 Jun 2022
(Sharecast News) - Reckitt Benckiser said trading so far in the second half was in line with its expectations after warning in July that demand for cleaning products had peaked. Read More
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French Connection receives takeover approach
Monday 27 Jun 2022
(Sharecast News) - French Connection said it had received a takeover approach after a sharp jump in its share price on Thursday. Read More
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BoE leaves policy unchanged as job fears loom
Monday 27 Jun 2022
(Sharecast News) - The Bank of England said it expected inflation to peak at more than 4% in 2021 but left monetary policy unchanged as the central bank focused on slowing growth and potential job los... Read More
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British Airways halts Gatwick short-haul flights
Monday 27 Jun 2022
(Sharecast News) - British Airways is to suspend almost all its short-haul flights at Gatwick airport after grounding the operation at the start of the pandemic, according to reports. Read More
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Lloyds Bank to lose two senior non-executives
Monday 27 Jun 2022
(Sharecast News) - Lloyds Banking Group has announced the departure of two senior non-executive directors. Read More
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UK public borrowing falls as economy revives
Monday 27 Jun 2022
(Sharecast News) - UK public borrowing fell in August as the economy recovered but higher inflation pushed up the cost of public debt, official figures showed. Read More
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Pimlico Plumbers sold to US group for up to £145m
Monday 27 Jun 2022
(Sharecast News) - Pimlico Plumbers, the upmarket home services business founded by Charlie Mullins from a second-hand van, has been snapped up by Neighborly of the US for as much as £145m, according ... Read More
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Uber on track for first profitable quarter
Monday 27 Jun 2022
(Sharecast News) - Uber said it was on track for its first profitable quarter after burning through billions of dollars for more than a decade. Read More
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Kingfisher lifts H2 guidance, divi as interims soar on DIY boom
Monday 27 Jun 2022
(Sharecast News) - Anglo-French DIY group Kingfisher lifted second-half sales guidance as it reported a surge in interim profits and announced a £300m share buyback as the home improvement boom contin... Read More
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Revolut to offer commission-free US stock trading
Monday 27 Jun 2022
(Sharecast News) - Revolut will offer commission-free stock trading to US customers for the first time to compete with Robinhood and Square in the fast-growing world of retail share dealing. Read More
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Ashtead says results to beat expectations after strong Q1
Monday 27 Jun 2022
(Sharecast News) - Ashtead said annual performance would beat its previous expectations as the equipment hire company reported a 53% increase in operating profit for the first quarter. Read More
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Hilton ups dividend after strong first half
Monday 27 Jun 2022
(Sharecast News) - Hilton Foods increased its interim dividend by 17% as the food packaging company reported a strong first half driven by its Australian operation. Read More
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UK competition watchdog to probe Sony's AWAL purchase
Monday 27 Jun 2022
(Sharecast News) - The UK's competition watchdog has launched a full inquiry into Sony's completed purchase of AWAL, an artists and label (A&L) service for independent musicians. Read More
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Euros help C&C return to profit ahead of plan
Monday 27 Jun 2022
(Sharecast News) - C&C said it returned to profit ahead of plan in the first half after Covid-19 restrictions were lifted and football fans drank during the Euros soccer tournament. Read More
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JD Sports profit soars on US strength and pent-up demand
Monday 27 Jun 2022
(Sharecast News) - JD Sports Fashion reported record first-half results boosted by pent-up demand after UK stores reopened from lockdown and acquisitions in the US. Read More
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