Company News
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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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Shares tumble as Treasury mulls windfall tax on electricity generators
Tuesday 24 May 2022
(Sharecast News) - Shares in electricity generators tumbled on Tuesday after it emerged that chancellor Rishi Sunak was considering imposing a windfall tax on excess profits. Read More
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Losses widen at Hyve even amid strong recovery for events
Tuesday 24 May 2022
(Sharecast News) - Events and exhibitions operator Hyve reported revenue of £58.6m in its first half on Tuesday, up from £5.0m year-on-year and ahead of 2021's full-year revenues, reflecting the compa... Read More
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Renewi reports 'record performance', agrees to buy Paro
Tuesday 24 May 2022
(Sharecast News) - Waste management and recycling company Renewi reported a 10% improvement in revenue in its final results on Tuesday, to €1.87bn (£1.6bn), as it also announced the €67m a... Read More
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Boohoo reaches final settlement in US class action claim
Tuesday 24 May 2022
(Sharecast News) - Fast fashion retailer Boohoo has reached a final settlement in a class action claim brought against it after the company was alleged to have misled shoppers with fake promotions. Read More
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Cranswick profits rise as revenues top £2bn for first time
Tuesday 24 May 2022
(Sharecast News) - Food producer Cranswick posted a jump in full-year profit on Tuesday as revenues topped £2bn for the first time. Read More
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Bytes Technology delivers another record set of results
Tuesday 24 May 2022
(Sharecast News) - Bytes Technology Group reported gross invoiced income of £1.21bn in its preliminary results on Tuesday, up 26.1%, with growth reported across all business areas of software, hardwar... Read More
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On The Beach 'cautious' on consumer but expects profitable second half trading
Tuesday 24 May 2022
(Sharecast News) - UK based travel retailer On The Beach moved back into the black during the first half of its financial year as travel restrictions were lifted and sales in the first eight weeks of ... Read More
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Kier performs well YTD, trades in line with expectations
Tuesday 24 May 2022
(Sharecast News) - Construction services group Kier said on Tuesday that it had performed well in the four months ended 30 April, with the group continuing to trade in line with internal expectations ... Read More
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Restaurant Group lifts guidance on inflation, sees robust trading so far
Tuesday 24 May 2022
(Sharecast News) - Wagamama owner Restaurant Group on Tuesday lifted guidance on food and drink inflation, citing the war in Ukraine. Read More
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Avon Protection swings to loss, CEO to leave
Tuesday 24 May 2022
(Sharecast News) - Avon Protection tumbled on Tuesday after saying it swung to an interim loss and announcing the departure of chief executive Paul McDonald. Read More
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Capital & Regional to sell The Mall in Blackburn
Tuesday 24 May 2022
(Sharecast News) - Real estate investment trust Capital & Regional has agreed to sell The Mall in Blackburn to the retail arm of Adhan Group for £40.0m in cash. Read More
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Assura FY pre-tax profits surge in year of 'significant progress'
Tuesday 24 May 2022
(Sharecast News) - Property investor and developer Assura said on Tuesday that it had delivered "another year of significant progress" as the group continued to grow its "high-quality" portfolio and p... Read More
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Hilton Food says sales up, sees 'challenging' outlook
Tuesday 24 May 2022
(Sharecast News) - Hilton Food Group said sales in the year to date were up year on year, reflecting increases in raw materials and said the outlook for the rest of 2022 was "challenging" due to price... Read More
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Shaftesbury swings to profit amid West End footfall recovery
Tuesday 24 May 2022
(Sharecast News) - West End landlord Shaftesbury said on Tuesday that it swung back to a profit in the six months to the end of March thanks to a "strong" recovery in footfall and spending. Read More
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FDM sees record levels of activity amid high demand
Tuesday 24 May 2022
(Sharecast News) - Recruitment company FDM Group said on Tuesday that it has experienced "strong" trading across all its regions so far in 2022, with high levels of demand resulting in record levels o... Read More
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SSP swings to profit but warns of inflationary pressures in H2
Tuesday 24 May 2022
(Sharecast News) - Upper Crust owner SSP Group on Tuesday swung to an interim core profit as the travel sector rebounded from Covid restrictions but warned inflationary pressures would increase in the... Read More
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