Company News
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Nestle takes wraps off CHF 2.5bn cost-cutting plan
Tuesday 19 Nov 2024
(Sharecast News) - Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive Laurent Freixe charted a turnaround strategy for the world's l... Read More
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Victoria offloads Turkish tile business Graniser
Tuesday 19 Nov 2024
(Sharecast News) - Flooring manufacturer Victoria announced on Tuesday that it has disposed of its Turkish ceramic tile manufacturing business Graniser for €36.8m. Read More
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Mulberry to 'streamline operations' as losses widen
Tuesday 19 Nov 2024
(Sharecast News) - Luxury handbag maker Mulberry said on Tuesday that it was taking steps to "streamline operations" as it reported a 19% drop in first-half revenue and a widening of its losses, point... Read More
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Thyssenkrupp writes down EUR 1bn from steel business
Tuesday 19 Nov 2024
(Sharecast News) - Thyssenkrupp announced a €1bn writedown on its steel division on Tuesday, as the company navigated a costly transition to low-carbon production. Read More
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Genuit YTD revenues down amid 'subdued' conditions
Tuesday 19 Nov 2024
(Sharecast News) - Plastic piping manufacturer Genuit said on Tuesday that it has delivered a "resilient performance" year-to-date, despite operating in "subdued market conditions". Read More
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GSK's linerixibat meets primary endpoint
Tuesday 19 Nov 2024
(Sharecast News) - Drugmaker GSK said on Tuesday that its linerixibat candidate had shown "positive" Phase III results in cholestatic pruritus in primary biliary cholangitis. Read More
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Petershill Partners reports solid third-quarter performance
Tuesday 19 Nov 2024
(Sharecast News) - Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related ear... Read More
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Big Yellow forecasts return to EPS growth in second half
Tuesday 19 Nov 2024
(Sharecast News) - Self-storage warehouse operator Big Yellow Group has predicted a return to earnings per share growth in the second half after a slight reduction in the first six months of its finan... Read More
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Diploma revenue, profits rise amid 'tougher environment'
Tuesday 19 Nov 2024
(Sharecast News) - Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1.36bn, as adjusted operating profit increased 20% t... Read More
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Tullow Oil reaches deal to extend $250m credit facility
Tuesday 19 Nov 2024
(Sharecast News) - Tullow Oil has reached agreement with its lenders to extend the maturity of its revolving credit facility (RCF) to June 30, 2025, the company said on Tuesday. Read More
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Vesuvius confident despite weaker market conditions
Tuesday 19 Nov 2024
(Sharecast News) - Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels... Read More
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Marshalls targets 15% operating margin under new strategy
Tuesday 19 Nov 2024
(Sharecast News) - Landscaping and building supplier Marshalls on Tuesday unveiled a new strategy targeting an operating margin of 15% and outperformance the wider construction market by 2 - 4%. Read More
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Imperial Brands FY profits rise as new product revenues surge
Tuesday 19 Nov 2024
(Sharecast News) - Cigarette and maker Imperial Brands on Tuesday posted a 4.5% rise in full-year adjusted operating profit as revenues from new products such as vapes and nicotine pouches surged by m... Read More
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Bodycote sees FY operating profit in line despite 'challenging' end markets
Tuesday 19 Nov 2024
(Sharecast News) - Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets". Read More
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Informa reaffirms annual guidance as revenue grows 10.7%
Tuesday 19 Nov 2024
(Sharecast News) - Events and digital services group Informa on Tuesday reaffirmed its recently upgraded full-year guidance as revenues in the first 10 months of the year grew 10.7% and said strong fo... Read More
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Most Microlise customer systems back up after cybersecurity incident
Monday 18 Nov 2024
(Sharecast News) - Microlise Group provided a final update on Monday, on the cybersecurity incident first disclosed on 31 October. Read More
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Director dealings: McBride chairman raises stake
Monday 18 Nov 2024
(Sharecast News) - McBride revealed on Monday that chairman Jeff Nodland had acquired 50,000 ordinary shares in the London-listed manufacturer. Read More
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ValiRx subsidiary makes first sale
Monday 18 Nov 2024
(Sharecast News) - ValiRx, a life science company focussed on early-stage cancer therapeutics and women's health, announced the first sale from its wholly-owned subsidiary Inaphaea BioLabs on Monday. Read More
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Powerhouse Energy division awarded Australian FEED contract
Monday 18 Nov 2024
(Sharecast News) - Powerhouse Energy announced on Monday that its engineering consultancy division Engsolve has been awarded a £0.35m front-end engineering design (FEED) contract by National Hydrogen ... Read More
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Greatland Gold positive after 'transformative' year
Monday 18 Nov 2024
(Sharecast News) - Greatland Gold reported a 'pivotal period' in its final results on Monday, driven by the acquisition of the Havieron gold-copper project and Telfer gold-copper mine from Newmont Cor... Read More
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