Company News
Stellantis shares tumble on profit warning
Shares in Stellantis tumbled in Milan on Monday after the Chrysler, Peugeot and Jeep maker became the latest auto manufacturer to scale back vehicle delivery forecasts this year.
Petrofac shares tumble as it reports challenging first half
Petrofac reported a challenging first half on Monday, with revenue reaching $1. 24bn, a slight increase from $1. 23bn in the same period in 2023, as it recorded a first-half EBIT loss of $106m, widening from a $72m loss a year earlier.
Brighton Pier Group gives cautious outlook as wet weather dampens sales
Shares in The Brighton Pier Group fell on Monday after the leisure company reported a big drop in operating profits and warned that full-year results may be affected as poor weather over the summer dented footfall.
Entain taps Stella David for chair
Bookmaker Entain revealed on Monday that Stella David will take over from Barry Gibson as chair, effective immediately.
QinetiQ agrees sale-and-leaseback of Farnborough site
QinetiQ Group announced the sale of its 407-acre freehold site at Cody Technology Park (CTP) in Farnborough on Monday, to a fund managed by Tristan Capital Partners, for £112m.
UK second-quarter growth revised lower
The UK economy grew less than initially estimated in the second quarter, according to figures released on Monday by the Office for National Statistics.
Aston Martin cuts profit guidance on delays, weak China demand
Aston Martin has revealed that full-year profits are now expected to decline as a result of a cut to wholesale volume guidance due to supply chain disruption and weak demand in China.
Weir wins £25m contract for Morroco phosphate projects
Mining technology group Weir said it had won a £25m contract to provide services on the next phase of OCP’s Benguerir and Louta greenfield phosphate projects in Morocco.