London-based retailers Associated British Foods (LON:ABF) has warned that it expects to lose £1.05bn if Primark stores are not allowed to reopen before the end of the financial half-year next month. Currently 305 stores are closed, representing 76% of ABF’s retail selling space. On Thursday the company released a trading update for the 16 weeks […]

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Lloyds (LON: LLOY) has reported a pre-tax profit of £1bn, beating expectations for the third quarter. After posting a loss in the first half of the year, the lender has returned to profitability after a surge in demand for home loans. This quarter has seen the biggest growth in demand for home loans since 2008, […]

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Next (LON: NXT) has revealed better than expected sales for the third quarter of the year. The fashion retailer has hiked its profit forecast for the year to £365m – up from £300m. Despite the pandemic, sales in the three months to 24 October were 2.8% higher than the year previously. Year-end net debt is […]

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Bloomsbury Publishing shares (LON: BMY) surged over 15% on Tuesday after the group posted a record first-half earnings performance. Pre-tax profit grew by £2.1m to £2.7m, whilst revenue increased by 17% to £78.3m from £71.3m the year before thanks to a surge in demand for online book sales and e-book revenues. Stand-out bestsellers during the […]

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BP (LON: BP) has reported an underlying profit of $86m (£66m) for the third quarter of 2020. Stronger oil prices led to a profit, beating analysts’ expectations of a $120m (£92m) loss for the three months ending 30 September. BP reported a record $6.7bn (£5.1bn) loss in the second quarter of the year. “BP’s future […]

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Santander has upgraded its full-year forecasts as the lender returned to profit for the third quarter. Net profit at Santander rose to €1.75bn, which is three times the profit a year previously. Underlying profit increased by 18% on the second quarter. The Spanish lender raised the profit forecast for the year to €5bn. “These results […]

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Barclays shares (LON: BARC) soared almost 8% on Friday after the group reported better-than-expected results in the third quarter. In the three months to the end of September, the lender reported a pre-tax profit of £1.1bn – almost double analyst expectations for the period. Income at the corporate and investment bank grew by 24% whilst […]

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Distil shares (LON: DIS) surged 12% on Thursday morning as the group swung to a profit in the six months ending 30 September 2020. The owner of premium drinks brands including RedLeg Spiced Rum revealed a 128% increase in revenue from £824,000 to £1.9m. Pre-tax profit during that period grew from a £1,000 loss to […]

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Mobile data computing solutions company Touchstar PLC (AIM:TST) saw its shares slide during Monday trading, with first half sales hampered by ‘crisis conditions’. Revenues for the first half of the year ended 30 June 2020 finished at £3.18 million, down from the previous first half sales figure of £3.64 million. Similarly, its revenue from continuing […]

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Independent TV production and distribution group, DCD Media (LON:DCD), reported stable financial progress and a swing to a profit for the year ended 31 December 2019. The company’s revenue finished at £8.98 million, up 27% from £7.05 million. This led a rise in its gross profit, from £1.64 million to £1.78 million, and a swing […]

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Angling Direct PLC (LON:ANG) have seen their shares dip on Tuesday following a profit warning from the firm. The fishing tackle and equipment retailer said that post Christmas trading had been weaker than expected which led to the warning today. Shares in Angling Direct trade at 61p (-10.44%). 18/2/20 10:55BST. The firm said that winter […]

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International packaging business DS Smith plc (LON: SMDS) saw its share price dip on Thursday, despite booking an impressive set of fundamentals during the half-year. The Group’s revenue rose 4% year-on-year to £3.19 billion. This lead a jump in adjusted operating profit of 15% and profit before tax of 31%, up to £351 million and […]

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Clothing retail conglomerate N Brown Group plc (LON: BWNG) shares bounced on Thursday following the publication of its half-year results, which revealed a positive turnaround in the Company’s fundamentals. The Group, which owns Jacamo, Simply Be and JD Williams, saw its profits surge on the back of a hike in online sales, which now comprise […]

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UK property sales and lettings agency Hunters Property PLC (LON: HUNT) profits and shareholder returns both improve in a year-on-year comparison for the first half. The Group’s revenues contracted marginally, down from £6.7 million for H1 2018, to £6.6 million for H1 2019. For the same period, network income grew 7% to £19.2 million, and […]

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Satellite internet provider to rural areas Bigblu Broadbend PLC (LON: BBB) booked improved fundamentals during the first half of 2019, with results pushing into the green and the Company expecting to narrow their net debt going forwards. The Company’s revenues bounced 21.9% on a year-on-year comparison, up to £30.5 million. Meanwhile, their adjusted revenue jumped […]

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Swiss-based food and drink company Nestle SA (SWX: NESN) saw bumper performance over the first half of 2019; with increases in organic growth, sales and profit. The Company booked organic profit growth of 3.6% on-year, led by its US and Brazil operations. Total sales were also up by 3.5% to CHF 45.5 billion, with net […]

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Specialist engineering and industrial valve manufacturing company Pressure Technologies (LON: PRES) booked a modest first half profit with improving oil and gas sector conditions helping to drive sales. The company’s revenue jumped 59% to £14.5 million while pre-tax profit for the six months through March came to £0.1 million, up from a £1.5 million loss […]

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Gold ore mining firm Pan African Resources Plc (LON:PAF) have seen their share price dip in morning trading on Wednesday, despite the firm posting a 30% spike in first half profits. The positive results have been attributed to an increase in gold production at its existing mining operations. Production rose at continuing sites to 81,014 […]

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ITV (LON:ITV) have seen their profits and turnover grow as their hit show Love Island achieves its highest viewership to date. The increase has been attributed to the show’s success and a spike in viewer traffic during the World Cup period. The hit reality TV show, which first aired in 2015, is now the most […]

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