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Cerillion lowers guidance following delayed orders


By Dan McGrath

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


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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

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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

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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

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Currys marks ‘strong start’ to financial year

Currys has said that it has seen a "strong start to the year" in its UK & Ireland and Nordics divisions, and remains on track to reach its expectations in the full-year

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Accel-KKR agrees to acquire Eleco for £207.6m

Eleco has agreed to an all-cash acquisition offer from the private equity firm, Accel-KKR, for an enterprise value of £207.6m

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Revolut targets FTSE 250 firms in corporate banking push

Revolut is stepping up its challenge to the UK’s established corporate banks by targeting companies in the FTSE 250

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HSBC CFO to stand down next year

The CFO at HSBC, Pam Kaur, has informed the board of her plan to leave the role next year and not stand for re-election as director at the company’s 2027 AGM

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Goodwin agrees to sell part of defence arm for £1.1bn

Goodwin has agreed to a £1.1bn acquisition offer from an affiliate of the US global alternative investment firm, Cerberus, for part of its mechanical engineering division

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Victrex ups guidance following headcount reduction

Victrex has increased its profit guidance in its pre-close trading update, following a 10% reduction in its headcount

Special Melted Products scheme completes £52m buy-in with Canada Life

A defined benefit (DB) pension scheme sponsored by Special Melted Products Ltd has completed a £52m full-scheme buy-in with Canada Life
United Utilities fined record £900k following sewage spill

United Utilities has been hit with a record £900,000 fine and ordered to pay a total of £964,225 including costs after a major sewage pollution incident along Lancashire's Fylde Coast in June 2023
M&G completes £100m BPA deal with financial services scheme

M&G has completed a £100m bulk purchase annuity (BPA) transaction, covering 650 members of a pension scheme sponsored by an unnamed UK financial services company


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