The German-born ex-director of the Uffizi Galleries, Eike Schmidt, is still in the fight to become Florence’s next mayor after a first round of voting over the weekend put him firmly in second place behind leading candidate Sara Furano. As neither received more than 50 percent of the vote, the …
Read More »Victorian Plumbing – sales flat, gross margin up
Free cash flow up by a third Increased proportion of own brand sales Victorian Plumbing (VIC) delivered flat half-year revenues on a like-for-like basis and a 2 per cent rise in completed orders through the period. That’s a reasonable enough outcome given where we are in the interest rate cycle, …
Read More »Royal Mail owner IDS delays results amid takeover bid
Royal Mail owner International Distribution Services said on Thursday that it has had to delay the publication of its full-year results – which were originally due on Thursday morning – after auditor KPMG requested additional time to complete procedures. “The group’s auditor, KPMG, has requested additional time to complete the …
Read More »Royal Mail delays full-year results
Profit guidance unchanged New date to be released “as soon as reasonably practicable” The parent company of Royal Mail, International Distributions Services (IDS), has postponed its full-year results due to auditing delays. The courier was due to publish figures for the year ended 31 March at 7am on 23 May. …
Read More »Travel boom slows at WH Smith
Slower start to second half Excellent performance from UK business WH Smith’s (SMWH) half-year results were in line with expectations, but the market seemed disappointed. Its shares slumped by 7 per cent after the figures were published, with one analyst branding them “ok-ish”. Total group revenue rose by 8 per …
Read More »RBC profit falls 14%, misses forecasts as banks set aside more money for bad loans
Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …
Read More »Xaar on track for profitable growth as results improve
Xaar said it was on track to return to profitable growth after the inkjet printer head group’s adjusted annual loss narrowed sharply. The adjusted pretax loss for the year to the end of December from continuing operations shrank to £0.6m from £3.9m a year earlier as revenue rose 23% to …
Read More »Conroy Gold reports positive results from Ireland zinc sampling
Ireland and Finland-focussed exploration and development company Conroy Gold announced results from an infill zinc-in-soil sampling programme on the northern Aughnagurgan section of the 20 square kilometre zinc zone it discovered in the Longford-Down Massif in Ireland on Tuesday. The AIM-traded firm said 23 of the 65 samples collected recorded …
Read More »FTSE 250 movers: Investec falls after results; Serco gains
London’s FTSE 250 was down 1% at 19,501.42 in afternoon trade on Thursday. Investec lost ground even though the financial services company reinstated its dividend and forecast an improved second half after better-than-expected interim results. Cineworld shares slumped following a report the cinema chain is considering a company voluntary arrangement …
Read More »Europe close: Stocks take knife-edge US election results in their stride
European shares recovered from early morning drop to trade sharply higher, despite no clear outcome in the US presidential election as of yet and weak industry data across the euro zone suggesting a double dip recession. With the result of the White House vote still hanging in the balance and …
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