Mobico shares jump as National Express owner reports surge in profit August 21, 2024 The FTSE 250 transport operator, formerly National Express, confirmed the sale of its struggling North American unit is underway.
H&T: Profit jumps due to ‘ongoing constraint in the supply’ of short-term loans August 20, 2024 The UK’s largest pawnbroker and short-term loan business, H&T, announced a double-digit profit jump in the first half of the year as Brits showed no sign of reining in loan demand. Profit before tax was £9.9m in the six months to 30th June, up 12.5 per cent from the £8.8m reported in the same period [...]
BATM: London-listed Israeli tech firm’s revenue stagnant despite growing order book August 19, 2024 Israeli tech firm BATM Advanced Communications has seen its revenue remain flat despite “substantial growth” in its cyber division, according to newly-filed results. The London-listed firm, which has its headquarters in Hod Hasharon, saw its revenue hit $60m (£46m) in the first six months on 2024 – unchanged from the same period last year. BATM’s earnings [...]
Gooch and Housego: Profit to be £1.5m lower than expected after delivery delays August 15, 2024 Photonics engineering and manufacturing firm Gooch and Housego (G&H) said it expects its profit for the year to be lower than previously predicted as delivery delays hit its revenue. The London-listed company, which saw its revenue fall in the first half of the year, said that it was likely to see its pre-tax profit come in at [...]
Private equity giant CVC makes ‘strong recovery’ as capital deployment ramps up August 14, 2024 Private equity giant CVC saw activity tick up in the first half of the year, recovering from a quiet 2023 as money finally began to flow into its investments. The Six Nations owner beat expectations with fee-paying assets under management at 127.5bn euros, two per cent ahead of analyst expectations, it revealed in a half-year [...]
Legal group NAHL reduces debt as firm eyes up division sale August 8, 2024 NAHL, London listed business that focuses on the consumer legal services market has reported a dip in H1 revenue but decreased its net debts as the board eyes up potential division sale
Beazley: Shares hit all-time high after insurer doubles profit and improves guidance August 8, 2024 Shares in Beazley have hit an all-time high after the Lloyd's of London insurer more than doubled its profit in the first half of 2024 and improved its outlook for a key measure of full-year profitability.
Harland & Wolff: Departing chief of Titanic shipbuilder issues parting shot as collapse averted August 7, 2024 The former chief executive of Titanic shipbuilder Harland & Wolff has issued a parting shot in his first comments after being ousted from his role. John Wood took to social media today after officially stepping down from his position on August 1. He had not been involved in the day-to-day running of the company since [...]
H2O Asset Management to pay investors £215m to avoid ‘substantial’ FCA fine August 7, 2024 H2O Asset Management will pay €250m (£215m) to clients who have been unable since 2020 to access investments then worth around €1.6bn (£1.4bn) to avoid a “substantial” fine from UK regulators. Following talks with the Financial Conduct Authority (FCA), the watchdog has agreed H2O will make the sum available to all those whose investments remain trapped. The French firm will apply to cancel its [...]
Life sciences firm hVIVO cancels Euronext listing to focus on London August 5, 2024 The cancellation, set to take effect on 2 September 2024, will remove hVIVO's shares from the Euronext Growth index.