Company News
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Lowe's revenue meets expectations as it warns of DIY slowdown
Tuesday 27 Feb 2024
(Sharecast News) - US home improvement retailer Lowe's reported fourth-quarter revenue that met analysts' expectations on Tuesday, as it fell 17.1% year-on-year to $18.6bn. Read More
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Macy's reports mixed holiday quarter, unveils new strategy
Tuesday 27 Feb 2024
(Sharecast News) - Shares in Macy's were bobbing above and below the waterline in pre-market trading on Tuesday, after the retail giant reported a mixed set of holiday-quarter figures and unveiled a n... Read More
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Uniphar posts robust set of full-year results
Tuesday 27 Feb 2024
(Sharecast News) - Healthcare services company Uniphar reported a robust set of preliminary results on Tuesday, with EBITDA rising 17.7%, as it achieved a return on capital employed of 15.2% and maint... Read More
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Kitwave reports decent growth as it integrates acquisitions
Tuesday 27 Feb 2024
(Sharecast News) - Kitwave Group reported a 20% rise in revenue in its full-year results on Tuesday, to £602.2m, compared to £503.1m in the prior year. Read More
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Brickability outlook more conservative amid weak brick market
Tuesday 27 Feb 2024
(Sharecast News) - Construction materials distributor Brickability said in an update on Tuesday that, despite positive performances in the distribution and contracting divisions, weakness in bricks an... Read More
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Itim shares surge on 'significant' five-year contract with Quiz
Tuesday 27 Feb 2024
(Sharecast News) - Software-as-a-service business Itim Group revealed on Tuesday that it had won a contract with fashion retailer Quiz Clothing. Read More
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M&S investing £89m to raise store workers' pay to £12 an hour
Tuesday 27 Feb 2024
(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies. Read More
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Elliott Advisors said to have sweetened offer for Currys to £750m
Tuesday 27 Feb 2024
(Sharecast News) - Investment firm Elliott Advisors has reportedly returned with a second offer for electricals retailer Currys amid investor hopes of a rare bidding war for a London-listed company. Read More
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Sondrel wins new design and supply contract
Tuesday 27 Feb 2024
(Sharecast News) - Semiconductor company Sondrel said on Tuesday that it had won a new design and supply contract for a next-generation video processing chip with a total estimated value of $23.0m acr... Read More
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Itaconix achieves 'another record year of revenues'
Tuesday 27 Feb 2024
(Sharecast News) - Plant-based polymers manufacturer Itaconix said on Tuesday that it had achieved "another record year of revenues" in 2023, sending shares skyward in early trading. Read More
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McBride lifts full-year outlook, shares surge
Tuesday 27 Feb 2024
(Sharecast News) - McBride surged on Tuesday as the cleaning products manufacturer lifted it full-year outlook for adjusted operating profit, citing good levels of demand for retailers' own brands. Read More
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UK grocery price inflation eases to 5.3% in February
Tuesday 27 Feb 2024
(Sharecast News) - Research company Kantar's latest supermarket share update showed that grocery price inflation had dropped to 5.3% in February, its lowest rate since March 2022. Read More
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Woodside delivers record output but falling prices hit profits
Tuesday 27 Feb 2024
(Sharecast News) - Australian liquefied natural gas company Woodside Energy delivered a record production performance in 2023, but both profits and revenues fell sharply falling prices outweighed an i... Read More
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Victorian Plumbing confident despite fall in average order value
Tuesday 27 Feb 2024
(Sharecast News) - Bathroom retailer Victorian Plumbing said in a trading update on Tuesday that it had seen a 3% reduction in average order value in the first 21 weeks of the financial year. Read More
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Abrdn FY losses narrow; transformation programme underway
Tuesday 27 Feb 2024
(Sharecast News) - Fund manager Abrdn said on Tuesday that it has started work on its plans to cut around 500 jobs as part of a cost-reduction programme that is running ahead of targets, as it posted ... Read More
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Smith & Nephew revenue growth tops full-year forecasts
Tuesday 27 Feb 2024
(Sharecast News) - Medical device giant Smith & Nephew reported fourth-quarter revenue of $1.46bn on Tuesday, marking a 6.4% increase on an underlying basis compared to the prior year. Read More
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On the Beach, Ryanair sign long-term distribution agreement
Tuesday 27 Feb 2024
(Sharecast News) - On the Beach said on Tuesday that it has signed a long-term distribution agreement with Ryanair, despite the latter having recently branded the online travel agent a "pirate" and ac... Read More
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Endeavour expects first gold from Sabodala-Massawa in May
Tuesday 27 Feb 2024
(Sharecast News) - Mining group Endeavour has announced that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project in Senegal, with first gold expected in early May. Read More
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Croda warns on margins as profits slump on weak demand
Tuesday 27 Feb 2024
(Sharecast News) - British speciality chemicals maker Croda International on Tuesday warned of lower operating margins this year after posting a slump in 2023 profits due to customers destocking and a... Read More
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Unite Group lifts rental guidance after solid 2023
Tuesday 27 Feb 2024
(Sharecast News) - Student accommodation provider Unite Group has delivered a confident outlook and upgraded guidance after seeing record adjusted earnings for 2023, though reported profits dropped by... Read More
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