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Company News

British Land and GIC's Broadgate REIT forms new JV with Abu Dhabi's Modon
Friday 24 Jan 2025
(Sharecast News) - British Land said on Friday that Broadgate REIT, which it owns equally with Singapore's GIC, has formed a new joint venture with Abu Dhabi-based holding company Modon to deliver 2 Finsbury Avenue, a 750,000 sq ft development at Broadgate.
Lakeland considering possible sale as rising costs bite - report
Friday 24 Jan 2025
(Sharecast News) - Kitchen gadgets and baking supplies retailer Lakeland is studying a potential sale of the business, according to reports, as the company struggles with rising costs.
Severn Trent on track to perform in line with FY guidance
Friday 24 Jan 2025
(Sharecast News) - Water company Severn Trent said on Friday that its financial performance for the year remained on track and that it expects to perform in line with guidance.
Pulsar reports 'encouraging' full-year trading results
Friday 24 Jan 2025
(Sharecast News) - Pulsar Group, a provider of software-as-a-service (SaaS) solutions for the marketing and communications industries, reported "encouraging" trading results for the year ended 30 November in an update on Friday, despite a challenging market environment that has constrained marketing spend.
Morrisons to cut 200+ jobs, joins Sainsbury's and Asda in cost-cutting drive
Friday 24 Jan 2025
(Sharecast News) - UK Big Four grocer Morrisons has announced that it is cutting more than 200 jobs as part of a cost-cutting exercise as it faces rising costs linked to the changes announced in the Autumn Budget.
Record gives bullish outlook after solid third quarter
Friday 24 Jan 2025
(Sharecast News) - Record's share price jumped on Friday after the specialist currency and asset manager said full-year revenues would be ahead of market forecasts following a solid third quarter.
Bloomsbury Publishing inks new long-term supply deal with Amazon
Friday 24 Jan 2025
(Sharecast News) - Bloomsbury Publishing announced a new long-term supply agreement with Amazon on Friday, reinforcing its ongoing relationship with the global e-commerce giant.
ITM Power wins European joint development contract
Friday 24 Jan 2025
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Friday that it has been contracted by a European energy company to jointly develop a standard design configuration for a 10MW green hydrogen production plant.
Rolls-Royce awarded £9bn MoD nuclear submarine contract
Friday 24 Jan 2025
(Sharecast News) - Rolls-Royce said on Friday that it has been awarded the biggest UK Ministry of Defence (MoD) contract in its history.
Paragon Bank holds guidance as Q1 margin ahead of expectations
Friday 24 Jan 2025
(Sharecast News) - Specialist buy-to-let mortgage lender Paragon Bank held annual guidance and said first-quarter margins had been running above expectations.
The Works trims first-half losses, reiterates full-year guidance
Friday 24 Jan 2025
(Sharecast News) - Arts, crafts, books and stationery retailer The Works trimmed losses in the first half on the back of cost savings and actions taken to grow product margins, as the company reiterated profit guidance for the full year.
IQE expands partnership with Quintessent amid AI demand boom
Friday 24 Jan 2025
(Sharecast News) - Compound semiconductor wafer products supplier IQE announced the expansion of its partnership with Quintessent on Friday, to establish the world's first large-scale quantum dot laser and semiconductor optical amplifier epitaxial wafer supply chain.
Burberry reports improving Q3 momentum as sales decline slows
Friday 24 Jan 2025
(Sharecast News) - The rate of sales decline at Burberry eased significantly in the luxury fashion brand's third quarter as recent actions to turn the business around started to bear fruit.
Sainsbury's to cut 3,000 jobs as it closes cafes, hot food counters
Thursday 23 Jan 2025
(Sharecast News) - Sainsbury's said on Thursday that it would be cutting 3,000 jobs, including a 20% reduction of senior management roles, as it closes its remaining patisserie, hot food and pizza counters.
UK watchdog to probe Google, Apple over mobile ecosystems
Thursday 23 Jan 2025
(Sharecast News) - The UK competition watchdog has launched an investigation into Google and Apple's dominance across smartphone ecosystems, it confirmed on Thursday.
FCA warns of gaps in brokers' money laundering controls
Thursday 23 Jan 2025
(Sharecast News) - The UK's financial watchdog said on Thursday that wholesale brokers must do more to improve their money laundering safeguards.
Boku reports strong full-year trading
Thursday 23 Jan 2025
(Sharecast News) - Payment solutions specialist Boku reported strong trading in a full-year update on Thursday, with group revenue set to exceed $99m, representing year-on-year growth of about 20%.
Shepherd Neame launches buyback, reports strong festive sales
Thursday 23 Jan 2025
(Sharecast News) - Kent-based brewer Shepherd Neame has unveiled a £0.5m share buyback programme as it reported strong Christmas trading, helped by record takings from a number of pubs.
Ferrexpo reports end of Kysen legal proceedings
Thursday 23 Jan 2025
(Sharecast News) - Switzerland-based iron ore miner Ferrexpo has announced that legal proceedings against its Ukrainian subsidiary have finally been resolved after 10 months.
Mortgage Advice Bureau sees FY profit above consensus
Thursday 23 Jan 2025
(Sharecast News) - Shares in Mortgage Advice Bureau sparked on Thursday after the financial services firm said full-year pre-tax profit was set to be above consensus expectations and that it had outperformed the market.

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Company News

British Land and GIC's Broadgate REIT forms new JV with Abu Dhabi's Modon

Lakeland considering possible sale as rising costs bite - report

Severn Trent on track to perform in line with FY guidance

Pulsar reports 'encouraging' full-year trading results

Morrisons to cut 200+ jobs, joins Sainsbury's and Asda in cost-cutting drive

Record gives bullish outlook after solid third quarter

Bloomsbury Publishing inks new long-term supply deal with Amazon

ITM Power wins European joint development contract

Rolls-Royce awarded £9bn MoD nuclear submarine contract

Paragon Bank holds guidance as Q1 margin ahead of expectations

The Works trims first-half losses, reiterates full-year guidance

IQE expands partnership with Quintessent amid AI demand boom

Burberry reports improving Q3 momentum as sales decline slows

Sainsbury's to cut 3,000 jobs as it closes cafes, hot food counters

UK watchdog to probe Google, Apple over mobile ecosystems

FCA warns of gaps in brokers' money laundering controls

Boku reports strong full-year trading

Shepherd Neame launches buyback, reports strong festive sales

Ferrexpo reports end of Kysen legal proceedings

Mortgage Advice Bureau sees FY profit above consensus

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