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Lastest Finance News

IN BRIEF: Derwent London sells Clerkenwell building let to Publicis

25th Apr 2024 11:20

Derwent London PLC - London-based property investor and developer - Sells 70,300 square feet freehold interest in the Turnmill building in the Clerkenwell area of central London for GBP77.4 million before costs to investment manager Titan Investors. Says the redevelopment was completed in 2015 and is let to Publicis Groupe SA at a passing rent of GBP4.0 million per year. The lease expires in 2035 with a tenant break in 2033. The disposal price reflects a net initial yield to Titan Investors of 4.9%. This is with a rent review in 2025, a capital value of GBP1,100 per square foot and is "at a small premium" to the December 2023 book value. Read More

Skillcast eyes return to profitability after revenue grows 15% in 2023

25th Apr 2024 10:55

(Alliance News) - Skillcast Group PLC on Thursday reported robust revenue growth in a year defined by economic uncertainty. Read More

Wizz Air says pricing remains strong as demand for air travel blooms

25th Apr 2024 10:54

(Alliance News) - Wizz Air Holdings PLC on Thursday offered reassurance that pricing remained strong and costs constrained as it reiterated full-year guidance. Read More

Ibstock's first quarter hit by low residential construction demand

25th Apr 2024 10:52

(Alliance News) - Ibstock PLC on Thursday said first quarter trading conditions remained challenging, as activity levels across residential construction markets remained subdued during the period. Read More

PPHE Hotel quarterly revenue up; on track to meet full-year consensus

25th Apr 2024 10:52

(Alliance News) - PPHE Hotel Group Ltd on Thursday reported a jump in its first quarter revenue and maintained an upbeat outlook for the full-year. Read More

Inchcape shares jump as revenue jumps in first quarter

25th Apr 2024 10:50

(Alliance News) - Inchcape PLC shares jumped on Thursday, after it reported higher quarterly revenue and looks ahead to future as a pureplay distribution company. Read More

Drax on track to meet expectations after powerful first quarter

25th Apr 2024 10:45

(Alliance News) - Drax Group PLC on Thursday reported a strong system support and generation performance during the first three months of the year as it reiterated expectations for adjusted earnings to be in line with City hopes. Read More

Senior strikes USD130 million contract extension for plane parts

25th Apr 2024 10:43

(Alliance News) - Senior PLC on Thursday said it has signed a five-year extension to its contract with Spirit AeroSystems Holdings Inc for aircraft components. Read More

Travis Perkins quarterly revenue falls, continues work on cost savings

25th Apr 2024 10:31

(Alliance News) - Travis Perkins PLC on Thursday said revenue fell in the first quarter of 2024, as it said trading remained challenging amid macroeconomic uncertainty continuing to hit demand in the construction sector. Read More

WH Smith in "strongest ever position" as travel retail revenue grows

25th Apr 2024 10:28

(Alliance News) - WH Smith PLC on Thursday reported robust growth across its travel divisions. Read More

AIM WINNERS & LOSERS: Kromek jumps 14% on US government contract

25th Apr 2024 10:23

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Schroders gets GBP10 billion rise in assets under management

25th Apr 2024 10:20

Schroders PLC - London-based provider of active asset management, advisory, and wealth management - Assets under management, including joint ventures and associates, rise 1.3% over the first quarter of 2024 to GBP760.4 billion on March 31 from GBP750.6 billion on December 31, Schroders says. AuM in the Asset Management division edges up 0.4% to GBP534.5 billion from GBP532.2 billion. In Wealth Management, it is up 4.1% to GBP114.7 billion from GBP110.2 billion. Read More

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