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Babcock boosted by £9.9bn backlog


By Michael Griffiths

Babcock International has maintained its full-year profit guidance after revealing it has a £9.9bn contract backlog.

The defence giant grew its revenue organically by 7% to £2.54bn in the six months to 30 September, with operating profit up 27% to hit £234.3m in the H1 period


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Asda sells off store sites to raise £568m

Asda has agreed to sell 24 of its store sites and a depot in a deal that will raise £568m

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Asos shares fall as it records revenue drop

Asos has seen its share price drop by over 8% after its underlying revenue fell by 14% to £2.5bn in the year to 31 August

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Halma reports healthy H1 growth

Halma has reported a 29.3% jump in adjusted pre-tax profit in its latest first half results, which totalled £270.5m for the period

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FRP Advisory posts revenue and earnings growth

FRP Advisory has revealed it is expecting a 12% annual jump in its first half revenue to £87m

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Games Workshop shares jump 11% following H1 update

Shares in Games Workshop increased by over 11% this morning after the firm forecast a 15% year-on-year revenue increase to £310m for the six months to 30 November

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Dr Martens warns of US tariff hit

Dr Martens has warned that its full-year results will be hit by US import tariffs and that it may raise prices in the US to offset the hit

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Hollywood Bowl announces CFO transition

Hollywood Bowl has announced that its chief financial officer (CFO), Laurence Keen, is set to be appointed as chief executive officer (CEO) for its Canada division

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WH Smith CEO steps down following Deloitte accounting review

The chief executive officer (CEO) at WH Smith, Carl Cowling, has offered his resignation following accounting errors in the firm’s North America division earlier this year

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Jet2 hits record H1 revenue

Jet2 has seen its revenue increase by 5% year-on-year to a record £5.34bn in the six months to 30 September, as its share price jumped by over 4%

Lloyds Banking Group acquires Curve

Lloyds Banking Group has announced the acquisition of the London-based fintech firm, Curve, as it looks to broaden its digital transformation
Crest Nicholson shares drop as it issues profit warning

Crest Nicholson has seen its share price drop by over 10% after stating that its profit before tax for the full year is expected to be at the "lower end of, or marginally below" its £28m to £38m guidance range
HICL announces combination with TRIG

HICL Infrastructure has agreed a combination deal with The Renewables Infrastructure Group (TRIG), creating the UK’s largest listed infrastructure investment company.

The combined group is set to boast net assets in excess of £5.3bn


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