Financial News

Marks & Spencer profits plunge but shares tick up

Supermarket chain Marks & Spencer (LON:MKS) has reported that pre-tax profits for the year ended 31st March fell by 62.1%…

Topps Tiles slips in second quarter

Retailer Topps Tiles (LON:TPT) suffered a sharp downturn during the second quarter, but said that trading had improved somewhat in…

Inmarsat loses 20-year monopoly on distress signals

Satellite communications specialist Inmarsat (LON:ISAT) plunged 9.21% to 352.80p after the company lost its 20-year monopoly on international maritime distress…

Cranswick delivers positive full-year results

Meat products specialist Cranswick (LON:CWK) has reported that revenues for the year ended 31st March were up by 17.6% at…

Tough retail conditions put the brakes on Halfords’ profits

Halfords (LON:HFD) saw its pre-tax profits drop by 6% to £67.1 million over the year ended 30th March, as profit…

Allergy Therapeutics shares grow on clinical news

Shares in commercial biotech company Allergy Therapeutics (AGY) had shot up by 7.76% to 26.40p at 1320 BST after the…

Playtech’s Italian acquisition gets regulatory approval

Italian gaming regulators have approved FTSE 250 gaming technology outfit Playtech's (PTEC) €846 million acquisition of Snaitech.

AstraZeneca ticks up as FDA finally approves new drug

Shares in drug maker AstraZeneca (AZN) rose had risen by 2.52% to 5,373p at 1100 BST after the US Food…

Glencore may be subject to fresh SFO probe

FTSE 100 miner Glencore (GLEN) has seen its shares tumble 4.56% to 380.60p this afternoon on the back of news…

Carpetright hoovers up £60 million in fresh capital

Carpetright (CPR) has announced plans to raise net proceeds of £60 million via a placing of new shares. Roughly a…