Company News
Coats threads together solid start to 2018
Thread maker Coats said group sales in the quarter to April 30 for the period grew 5% year-on-year on a constant currency basis, driven by a strong performance in its industrial business, which rose 6%.
Diageo launches $2bn bond transaction overnight
Diageo has launched and priced an SEC-registered $2bn bond transaction, it announced on Wednesday morning.
Playtech takes steps to protect Asia gaming arm
Playtech said business-to-business gaming revenues had mostly improved in recent months though it was having to take steps to protect its position in Asia as revenues were hit by strong competition.
Black Panther, Avengers help boost Cineworld revenues
The box office blockbuster movies "Black Panther" and "Avengers: Infinity War" helped boost revenue at Cineworld by 6. 7% in the five months to May 13.
Micro Focus flags better-than-expected revenues in first half
Software group Micro Focus International updated the market on its trading performance for the six months ended 30 April on Wednesday, saying it expected to report revenues better than the management guidance of -9% to -12% on a constant currency basis, compared to the proforma six months ended 30 April 2017.
Paddy Power confirms talks with FanDuel over US merger
Paddy Power Betfair confirmed it is in talks over a potential merger of its US business and US-based FanDuel to target the US sports betting market.
Mondi sees Q1 operating profits up 15% yr-on-yr
Paper products maker Mondi said it expected first quarter underlying operating profit to be 15% higher year on year at €295m and 6% up on the fourth quarter of 2017.