Company News
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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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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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