Financial News

GVC soars on US joint venture deal

Shares in GVC Holdings (LON:GVC) jumped 52.97p to 1,147.97p (as at 11:18 BST) as it announced a 50-50 joint venture with…

Hotel Chocolate expands into Scandinavia

Luxury chocolate purveyor Hotel Chocolat (LON:HOTC) has announced the signing of a development agreement covering Denmark, Sweden, Norway and Finland.

BT shares rise as consumer business improves

Shares in BT (LON:BT.A) firmed 7.65p to 232.5p (as at 09:26 BST) as it said adjusted EBITDA rose 1% to £1.8 billion.

Reckitt impresses as it increases revenue growth target

Personal care products group Reckitt Benckiser (LON:RB.) said first-half pretax profit rose 9.5% to £1.11 billion as net revenue grew 23% on a reported basis to £3 billion.

Brooks Macdonald climbs on record funds under management

Investment management group Brooks Macdonald (LON:BRK) reported record discretionary funds under management of £12.4 billion for the year ended 30 June…

Glaxo hit by FDA setback for COPD drug

Shares in GlaxoSmithKline (LON:GSK) slipped as it revealed its application to market a new biologic drug for chronic obstructive pulmonary disease…

British American Tobacco lights up despite fall in profits

British American Tobacco (LON:BATS) said adjusted profit from operations fell 5.4% to £4.8 billion for the first half of the year.

Joules reaps the rewards of international expansion

Fashion retailer Joules (LON:JOUL) reported a 28.5% jump in full-year pre-tax profits to £13 million on revenue of £185.9 million, up 18.4%.

Victrex revenues rise but tougher times ahead

Niche plastics supplier Victrex (LON:VCT) said third quarter revenue rose 10% to £84 million, but warned of a tougher final three months ahead.

Vodafone revenue drops on currency headwinds

Telecoms heavyweight Vodafone (LON:VOD) reported a 4.9% fall in group total revenue to €10.9 billion, due to the adoption of IFRS 15 and currency…