Frank Prenesti
Balfour Beatty sees FY growth as earnings, dividend rise
The company said pre-tax profit for the six months to June rose to £112m from £82m a year earlier. It lifted the dividend to 3.8p a share from 3.5p."The outlook for the group's chosen growth markets, where we hold unique capabilities in delivering complex...
2 months ago
Tui Q3 profits beat forecasts on strong demand, collapse of FTI
The company, which is Europe's largest travel company, said underlying operating profit rose 37% to €232m in the three months to June, beating the €217m expected by analysts.It also reiterated guidance for a 25% rise in operating profit this year and 10%...
2 months ago
Mobico starts US school bus sale as H1 profits jump
Profit for the six months to June 30 rose 23.8% to £71.2m while on a pre-tax basis the company narrowed losses to £1.5m from £52m a year earlier. No dividend was declared as the group, formerly known as National Express, continues to deleverage.It still e...
1 month ago
Thames Water seeks to hammer customers with £228 annual bill increase
The company on Wednesday said submitted its request to industry regulator Ofwat to hike bills beyond a current cap as it felt it could not deliver infrastructure improvements under the current regime.Ofwat last month ruled that bills could go up but limit...
1 month ago
Kainos sees revenue below forecasts as clients delay decisions
The consensus revenue and profit figures are £415.5m and £79.1m respectively. Full-year 2024 reported revenue was £382.4m.Kainos on Monday said digital services had seen sustained demand from public sector clients “offset by some delays around project mob...
1 month ago
Wizz Air passenger numbers hit record in Aug despite groundings
Wizz carried 6.2 million passengers during the month at an improved load factor of 95.4% versus 94.1% last year despite operated seat capacity being down 0.4% year on year due to the groundings.Engine maker Pratt & Whitney last year said turbofan engi...
1 month ago
Barratt profits slump on weak demand, mortgage rates
The company on Wednesday said pre-tax profit slumped to £170.5m from £705m, with completions down 18.6% to 14,000.On an adjusted basis, pre-tax profit fell 56.5% to £385m for the year to June 30, compared with average forecasts of £365m. The annual divide...
1 month ago
China services activity slows as firms fret about costs - Caixin survey
The Caixin/S&P Global services purchasing managers' index (PMI) fell to 51.6 in August from 52.1 in July. A mark above 50 represents expansion.“Competition in the sector was still fierce, and boosting sales through price cuts became a priority for bus...
1 month ago
Eurozone construction new orders fall 'markedly' - PMI survey
The HCOB eurozone Construction purchasing managers index was unchanged from July's six-month low of 41.4, signalling a steep reduction in total construction activity across the single currency area - a mark below 50 indicates contraction. Activity has now...
1 month ago
Asos shares surge on outlook, Topshop, Topman JV with Heartland
Asos, which has faced severe headwinds amid the cost-of-living crisis and competition from China's Shein, also forecast annual sales to be slightly below previous estimates but added that adjusted core profit would be at the top end of market expectations...
1 month ago
Europe midday: Shares slip into red as EZ PMI, retail sales disappoint
The pan-European Stoxx 600 index was down 0.3% to 513 with most major bourses lower. Spain's IBEX and Germany's DAX both bucked the downward trend."The US Labor report failed to quell fears about the direction of the world’s largest economy. Job openings...
1 month ago
Barratt, Lloyds Bank, Homes England form JV for large housing projects
Each partner will invest up to £150m in the venture, to be called the MADE Partnership to focus on multiple large scale, residential-led developments from 1,000 to more than 10,000 homes “along with a variety of community facilities and employment uses”.P...
1 month ago
UK's CMA says Vodafone/Three merger could lead to higher prices
The Competition and Markets Authority cited the supply of mobile telecommunications services to end customers and the supply of wholesale as two areas of concern but said it would explore solutions with the two companies before it makes its final decision...
1 month ago
TI Fluid rejected two offers from Canada's ABC Technologies
ABC made an initial proposal of 165p a share on August 22 and a revised 176p-a-share offer on September 4 – a 20.7% premium to TI Fluid’s closing price on September 13. In response TI Fluid said the bid “significantly undervalued” the company and its pros...
1 month ago