Company News
Wednesday preview: UK CPI, US import prices in the spotlight
Financial markets' focus in the middle of the week will be on the latest UK inflation data.
Workspace reports solid demand despite rent roll dip
Workspace Group reported solid demand for its flexible office space in its second quarter on Tuesday, completing 296 new lettings with a total rental value of £7. 4m, although like-for-like occupancy dipped 0. 7% to 87. 5% as a higher-than-usual number of larger customers vacated premises.
Director dealings: Vistry director snaps up shares
Vistry revealed on Tuesday that non-executive director Helen Owers had acquired 4,000 ordinary shares in the FTSE 100-listed housebuilder.
Ericsson posts stronger-than-expected third quarter
Ericsson posted stronger-than-expected third-quarter results on Tuesday, driven by a major contract with AT&T and solid growth in North America, despite facing a challenging global telecom market.
Boeing enters $10bn credit deal, plans to raise up to $25bn
Boeing revealed significant steps to strengthen its financial position on Tuesday, as it entered into a $10bn supplemental credit agreement with a consortium of major lenders.
Ofwat to appoint independent monitor for Thames Water - reports
Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK’s largest water utility, as it faced mounting financial and operational challenges, according to fresh reports on Tuesday.
Quartix Technologies confident of meeting FY expectations
Vehicle tracking systems and software business Quartix Technologies said on Tuesday that it was confident of meeting FY expectations for both profit and free cashflow as annualised recurring revenues delivered YTD growth.
Strix passes three billion kettle control milestone
Kettle safety and water technology specialist Strix Group announced a significant milestone on Tuesday, having produced over three billion kettle controls worldwide.
Victoria reports continued softness in flooring demand
Victoria reported continued softness in flooring demand across its markets in its first half on Tuesday.
Tatton Asset Management reports record net inflows
Tatton Asset Management reported record net inflows of £1. 8bn for its first half on Tuesday, contributing to a total increase in assets under management of £2. 3bn.
Victorian Plumbing ends year in line after Victoria Plum acquisition
Victorian Plumbing Group reported a 4% increase in revenue for the financial year just ended on Tuesday, with adjusted EBITDA set to be in line with market expectations.
Seraphim Space upbeat after solid year for SpaceTech
Seraphim Space Investment Trust, the world’s first listed SpaceTech investment company, reported an increase in its portfolio value to £201. 5m in its full-year results on Tuesday, up £14. 1m year-on-year.
Hostelworld reaffirms full-year guidance
Hostelworld Group reaffirmed its full-year adjusted EBITDA guidance in an update on Tuesday, in line with market expectations, following a solid performance through the year-to-date up to 30 September.
Mirror owner Reach on track to meet full-year targets
Shares in Daily Mirror and Daily Express owner Reach rose on Tuesday after the newspaper publisher said it would met market expectations this year as the decline in top-line growth eased slightly in the third quarter, bolstered by improvement in online revenues.
IntegraFin average daily FuD hits record high in Q4
Investment platform operator Integrafin said on Tuesday that average daily funds under direction had hit record highs in Q424, boosting total group revenues for the period.
Mitie sales growth picks up in second quarter
Mitie, the FTSE 250-listed facilities management and professional services company, reported an acceleration in top-line growth in the second quarter, helped by new contract wins and increased work in the 'surge response' security market.
De La Rue agrees £300m sale of authentication division
De La Rue announced on Tuesday that it had agreed to sell its authentication division to Crane NXT for £300m, as part of a strategic move to unlock capital and strengthen its financial position.
DiscoverIE interim earnings in line with expectations
Electronic components manufacturer DiscoverIE said on Tuesday that first-half earnings were in line with internal expectations and noted that it "remains on-track" to meet guidance for the financial year.
Revenue falls, gross profits rise for Bytes Technology
Bytes Technology Group shares were in the red on Tuesday morning, after it reported a 2. 9% drop in revenue to £105. 5m, but a 13. 7% increase in gross invoiced income (GII), reaching £1. 23bn.
QinetiQ on track after 'good' second quarter
QinetiQ Group said in a trading update on Tuesday that it remained on track to meet its full-year expectations after its second quarter.