Latest News

Next increases profit guidance in HY results


By Dan McGrath

Next has increased its profit guidance for the full year by £12m to £1.25bn, as a result of a small upgrade in sales expectations and some additional cost savings.

In the six months to July, the fashion and homeware retailer saw its group sales increase by 9% year-on-year to £3.54bn, while its profit before tax jumped by 10.5% to £569m


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

McLaren commits £500m to UK expansion

McLaren Automotive has unveiled a £500m investment programme to expand its UK manufacturing, engineering and operations, including a new vehicle assembly facility and the in-house development and production of engines and transmissions for the first time.

The investment will increase production capacity, accelerate development of next-generation vehicles and broaden McLaren’s model range, with the company also confirming plans for its first performance SUV alongside future supercar models

Story 3

Barratt Redrow lowers completions forecast despite strong performance

Barratt Redrow has lowered its completions expectations for the current financial year, despite its revenue increasing by 6.6% to just over £6bn in the year to 28 June

Story 4

CMA launches review of McCormick-Unilever Foods deal

The Competition and Markets Authority (CMA) has formally launched a Phase 1 merger inquiry into McCormick & Company’s proposed acquisition of the majority of Unilever’s Foods business

Story 5

WH Smith shares unchanged following Q4 update

Shares in WH Smith remained relatively unchanged today despite the travel retailer reporting a “solid” Q4 revenue performance

Story 6

Brave Bison ups offer for System1 to £47.5m

Brave Bison has made a fourth offer for System1, valued at £47.5m, after the marketing technology firm issued an "unequivocal rejection" of its previous offer

Story 7

CMA seeks views on OCS-Mitie takeover

The Competition and Markets Authority (CMA) has invited comments on the proposed £3.1bn acquisition of Mitie Group by OCS Group International, opening the first stage of its merger review

Story 8

Wickes on track to meet forecasts as H1 revenue reaches £865m

Wickes Group reported a "strong volume-led performance" in the first half and said it remained on track to deliver around 10% growth in adjusted pre-tax profit for 2026, sending its shares sharply higher.

The Watford-based home improvement retailer reported revenue of £865.3m for the 26 weeks to 27 June, up 2.1% year-on-year, while adjusted pre-tax profit increased 1.1% to £27.6m after a difficult period for UK home-improvement retailers

Story 9

MJ Gleeson reports loss following weaker sales performance

MJ Gleeson has recorded a group loss of £2.7m in the year to 30 June, marking a 133.2% decrease year-on-year after operating in a "subdued market"

Story 10

Cerillion lowers guidance following delayed orders

Cerillion has lowered its revenue and earnings margin guidance after some anticipated new and existing customer orders have been delayed or deferred.

The firm said these delays include expansions and upgrades to software licenses

Trainline reiterates guidance following ‘robust’ first half

Trainline said it has delivered a "robust" first half, as its group net ticket sales remained flat year-on-year at £3.3bn in the six months to 31 August.

The rail and coach travel platform reported that in this period, its underlying revenue totalled £233m, dropping by 1% annually
hVIVO announces CFO succession

hVIVO has announced that Richard Cotton will be appointed as interim CFO from 30 September
ABF shares drop as Primark sales fall

Shares in Associated British Foods (ABF) dropped by over 9% earlier today as it reported that like-for-like sales at Primark are expected to drop by 2.6% year-on-year in the 12 months to 12 September.

The multinational food processing and retailing group stated in its latest update that despite a challenging consumer environment in most markets, it has continued to strengthen its Primark customer proposition


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies