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Berenberg lowers target price on Videndum following FY results
Analysts at Berenberg lowered their target price on hardware and software manufacturer Videndum from 500. 0p to 450. 0p on Wednesday following the release of the group's full-year results on 23 April.
HSS Hire paints confident outlook despite big drop in 2023 profits
Equipment rental firm HSS Hire said it expects results for the current year to be in line with market forecasts despite an uncertain macro environment, after it reported a sharp drop in annual profits for 2023 and the resignation of its chief financial officer.
Wickes reiterates full-year outlook despite sales slide
Wickes Group left its full-year outlook unchanged on Wednesday, despite "challenging" market conditions hitting sales in its design and installation business.
Mulberry hit by downturn in luxury spending
Luxury handbag maker Mulberry struck a cautious tone on Wednesday as it reported a drop in full-year revenues, pointing to a downturn in luxury spending.
Spirent Communications Q1 revenues down as market conditions remain 'challenging'
Telecommunications testing company Spirent Communications said on Wednesday that first-quarter revenues were in line with internal expectations but lower year-on-year as market conditions remained "challenging".
Haleon makes 'solid start' to FY24
Consumer healthcare company Haleon said on Wednesday that it had made a "solid start to the year", posting better-than-expected Q1 profits despite seeing a fall in revenues.
London open: FTSE edges higher ahead of Fed; Nationwide data in focus
London stocks edged up in early trade on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Halma snaps up electrical testing firm MK Test for £44m
Safety equipment and life-saving tech group Halma has announced the acquisition of Somerset-based MK Test Systems for £44m.
Computacenter warns on first-half profits
Computacenter warned on first-half profits on Wednesday, citing strong prior-year comparatives and challenging UK markets.
Smith & Nephew maintains guidance after strong first quarter
Smith & Nephew reported first-quarter revenue of $1. 39bn in an update on Wednesday, up 2. 9% year-on-year, as its orthopaedics business continued to recover.
GSK lifts annual guidance on strong virus treatment sales
UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.
Aston Martin expects new models to drive H2 growth after Q1 weakness
Luxury carmaker Aston Martin Lagonda saw a double-digit drop in revenues and adjusted profits in the first quarter, but said that the launch of four new models should drive "significant growth" in the second half and beyond.
UK house prices fall again in April - Nationwide
UK house prices unexpectedly fell in April for the second month in a row, as borrowing rates went up, according to figures released on Wednesday by Nationwide.
Next warns on Q2 but holds guidance as first-quarter sales beat estimates
UK fashion retailer Next said first-quarter sales came in ahead of forecasts and held guidance for the full year but warned that the next three months would be weaker due to wet spring weather.
London pre-open: Stocks seen flat ahead of Fed announcement
London stocks were called to open flat on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Domino's keeps growth targets despite falling Q1 sales
Like-for-like sales at Domino's Pizza Group declined year-on-year in the first quarter as anticipated, but the company said it still expects to return to growth over 2024.
Domino's like-for-like sales decline, Next first quarter tops forecasts
London open The FTSE 100 is expected to open two points lower on Wednesday, having closed down 0. 04% on Monday at 8,144. 13.
Wednesday newspaper round-up: Amazon, dividends, Weardale Lithium
Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143. 3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing Wall Street expectations of $142. 65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.