Latest News

Rolls-Royce ups profit guidance in H1 update


By Dan McGrath

Rolls-Royce has increased its operating profit expectations for the full-year, following another period of "strong strategic delivery" in H1.

The FTSE 100 engineering firm recorded a 24.5% year-on-year increase in underlying revenue in the six months to 30 June, reaching almost £11.3bn, while its underlying pre-tax profit jumped by 47% to £2.49bn


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Strong trading and higher oil prices lift Shell profits

Shell reported a 70% rise in first-half profits and a further $3bn share buyback programme as higher oil prices, robust trading and record operational performance offset disruption from the conflict in the Middle East

Story 3

BAE Systems’ sales soar as order intake increases

BAE Systems has recorded a 9% year-on-year jump in sales, increasing to £15.7bn in the six months to 30 June

Story 4

Lloyds sets course for Accelerate 2030 strategy

Lloyds Banking Group delivered a strong set of half-year results, combining higher profits, a substantial increase in shareholder returns, and a new long-term growth strategy based on AI and digital transformation

Story 5

Greggs’ shares rise as sales continue upwards

Shares in Greggs have increased by over 16% as the bakery chain saw its sales jump by 7.2% year-on-year to just over £1.1bn in the six months to 27 June.

The firm said this growth was supported by estate expansion and B2B partnership development, despite operating in a "challenging market"

Story 6

Valhalla drives improved results for Aston Martin

Aston Martin reported improved first half numbers, driven by deliveries of its Valhalla hybrid supercar, backed by a recently completed £550m refinancing

Story 7

Aberdeen operating profit jumps but shares fall

Aberdeen’s adjusted operating profit (AOP) has increased by 21% year-on-year in the six months to £151m, although its share price dropped by over 5% after it recorded net outflows of £3bn

Story 8

Ofgem looks to clamp down on speculative data centre projects

Ofgem has launched a consultation on new measures to remove speculative, stalled and unviable data centre projects from Britain's electricity connections queue, as applications for grid capacity have increased three-fold in less than a year

Story 9

AstraZeneca posts better-than-expected H1 results

AstraZeneca reaffirmed its full-year guidance after reporting stronger-than-expected first-half results

Story 10

Unilever tops forecasts as H1 volumes hit decade high

Consumer goods giant Unilever was the top FTSE performer today after reporting the fastest volume growth in more than a decade and upgrading its full-year outlook on the back of stronger-than-expected results

Vodafone lifts FY27 outlook after strong Q1 despite Germany weakness

Telecoms giant Vodafone raised its full-year guidance after reporting a strong start to FY27, with first-quarter revenue boosted by the consolidation of Three UK and double-digit growth in Africa, although its biggest market, Germany, continued to face intense competition
DCC Energy agrees £5.75bn takeover

DCC Energy has agreed a £5.75bn takeover from private equity firm KKR, and Energy Capital Partners
Investment banking helps Barclays beat forecasts

Barclays upgraded its full-year income guidance after reporting better-than-expected first-half results, boosted by strong demand in investment banking
Pharos board switches support for higher rival bid from Serica

Pharos Energy has backed a £145.7m takeover by Serica Energy after the North Sea producer outbid rival suitor Ratio Petroleum Energy, which saw Pharos shares jump as much as 34% following the announcement

View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies