Company News
EasyJet shrugs off turbulent conditions to lift profit guidance
Third-quarter revenues at easyJet rose 14%, despite industrial action in France, prompting the budget carrier to increase its guidance for full-year profits.
Lamprell maintains revenue guidance, still sees no revenue growth until 2019
Lamprell maintained its revenue guidance for the year on Wednesday and said it continues to expect no revenue growth until 2019.
Keller shuffles board as Hind appointed finance director
Independent geotechnical solutions specialist Keller Group on Wednesday appointed James Hind, current group finance director, to succeed John Rubright as divisional president for North America.
MPAC blames 'Brexit related uncertainty' for faltering order book
MPAC Group shares plummeted more than 30% on Wednesday after the company said its closing order book for the year was now forecast to come in approximately £1. 2m below expectations.
Hotel Chocolat hails 'strong' year, revenue up 12%
British chocolatier Hotel Chocolat posted a jump in revenue on Wednesday and said its new range of chilled drinks have been a hit in the recent hot weather.
Smiths Group shares fall on medical division disappointment
Smiths Group shares were in the red on Wednesday morning, despite a relatively upbeat trading update, as investors noticed an effective profit warning for its medical division buried in the RNS release.
Close Brothers trading in line as it prepares for IFRS 9 impact
Close Brothers Group issued its scheduled pre-close trading update ahead of its 2018 financial year-end on Wednesday, reporting that it had continued to perform “well” across all divisions, consistent with its third quarter trading update.
BTG trading in line as shareholders muster for AGM
Specialist healthcare company BTG updated the market on its recent progress on Wednesday, as investors gathered for its annual general meeting in London, reporting that in interventional medicine it had made “significant progress” in the key growth drivers of geographic expansion, indication expansion and product innovation in its oncology and vascular businesses.
Hochschild Mining achieves record production in first half
Hochschild Mining reported “another very strong quarter” in its second-quarter production numbers on Wednesday, with attributable production for the period reaching 5. 0 million ounces of silver and 68,477 ounces of gold.
RPC under pressure from investors over growth plans
Plastics manufacturer RPC saw revenue growth slow in the first quarter and warned that its acquisitive growth plans were being constrained.
Meggitt secures new contracts for business jets and Chinese turboprops
Aerospace and defence engineering group Meggitt announced two new contracts on Wednesday - the first with Textron Aviation, to develop a wireless system that could check tyre pressure on a business jet in a matter of seconds, replacing the need for a manual gauge.
Focus on convenience a solid play for NewRiver
NewRiver updated the market on its first quarter performance on Wednesday, reporting that it completed a number of acquisitions in core sectors at “attractive” entry prices, with opportunities for further value creation.
BHP posts solid production numbers for 2018 financial year
BHP released its operational review for the year ended 30 June on Wednesday, reporting that it met or exceeded full-year production guidance for petroleum, copper, iron ore and energy coal, as well as its revised guidance for metallurgical coal.
Severn Trent makes good start to financial year
Waste and water company Severn Trent has reassured investors it has made a good start to current financial year, including a £100m investment programme.
GVC enjoys growth acceleration from World Cup
GVC Holdings, the online gaming group that acquired bookmaker Ladbrokes in March, got a not-unsurprising boost from the World Cup in recent weeks that helped growth accelerate in the third quarter.
CRH divests Benelux DIY business in EUR 510m deal
Building materials group CRH has completed the divestment of its DIY business in the Netherlands and Belgium, together with certain related property assets, it announced on Wednesday.
Tullow Oil to pay partner's share of Ghana court costs
Tullow Oil lost out to Kosmos Energy in an arbitration case and has been ordered to pay at least an extra $50. 8m (£38. 8m) of costs from terminating a drilling contract two years ago.