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Lloyds Bank holds guidance as Q1 profit falls £28% on margin squeeze
Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.
Haleon nabs finance chief from Tate & Lyle as CFO steps down
The chief financial officer of consumer health company Haleon is to step down after three years and will be replaced by Tate & Lyle's CFO Dawn Allen.
Croda backs FY profit guidance even as Q1 sales decline
Croda backed its full-year profit guidance on Wednesday despite a decline in first-quarter sales, as it hailed an "encouraging" start to the year for the consumer care business.
Bunzl Q1 revenues fall on weaker US volumes, customer destocking
International distribution and services group Bunzl said revenue in the first quarter fell 2. 4% on a constant currency basis, driven by lower volumes in its US foodservice redistribution business, American retail customers clearing inventory and deflation.
London pre-open: Stocks to extend rally as Footsie eyes another record
UK stocks are expected to rise for the sixth straight day on Wednesday, with futures pointing to a third consecutive record for the FTSE 100.
Reckitt on track to deliver FY targets as Q1 LFL sales rise
Consumer goods giant Reckitt Benckiser said on Wednesday that it was on track to deliver its full-year revenue and profit targets as it posted a rise in first-quarter like-for-like net sales.
Wednesday newspaper round-up: UK banks, Tesla, KPMG
UK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of England has warned. In a speech on Tuesday, Rebecca Jackson, a senior executive at the central bank, said there was a “creeping sense of complacency” among lenders, who – despite a boom in loans and financing to the sector – had almost no ability to put together data “or even appreciate its crucial importance”.
US close: Stocks higher as traders thumb over Q1 earnings
Wall Street stocks closed higher on Tuesday as corporate earnings began to roll in from a number of the nation's biggest firms.