Associated British Foods Plc

Associated British Foods Full- year outlook remains unchanged

Associated British Foods plc (LON:ABF) today issued the following update prior to entering the close period for its full year results for the 52 weeks to 14 September 2019, which are scheduled to be announced on 5 November 2019. Trading performance Our full year outlook for the group is unchanged, with adjusted earnings per share expected to be in line …

Lloyds Banking Group plc

Lloyds Banking Group Update on Payment Protection Insurance

Lloyds Banking Group plc (LON: LLOY) has today provided an update on charges relating to the mis-selling of Payment Protection Insurance (‘PPI’). At our half year results on 31 July 2019, the Group reported a PPI charge for the first half of 2019 of £650 million, with an unutilised provision of £1,083 million relating to complaints and associated administration costs. …

The Berkeley Group Holdings

Berkeley Group Holdings Market conditions in London and South East remained robust and consistent

Berkeley Group Holdings PLC (LON:BKG) is holding its Annual General Meeting today, at which it will provide the following Trading Update which covers the period from 1 May 2019 to 31 August 2019. Berkeley is the country’s leading place-maker, operating principally in London, Birmingham and the South East. Our purpose is to create homes, strengthen communities and improve people’s lives. …

Hiscox Ltd

Hiscox appoint Joanne Musselle as Group Chief Underwriting Officer

Hiscox Ltd (LON:HSX), today announced the appointment of Joanne Musselle as its new Group Chief Underwriting Officer, after concluding a thorough internal and external search. Joanne is currently Chief Underwriting Officer for Hiscox Retail, the Group’s largest division. She will step into the role at the end of the year following Richard Watson’s retirement which was announced in June, and …

Melrose Industries PLC Record investment in aerospace technology and eDrive development

Melrose Industries PLC (LON:MRO) today announced its interim results for the six months ended 30 June 2019. Highlights   Adjusted1 results Statutory results Continuing operations 2019 2018 2019 2018 £m £m £m £m Revenue 6,002 2,971 5,700  2,847  Operating profit/(loss) 539 284 -11 -325 Profit/(loss) before tax 429 244 -128 -372 Profit/(loss) after tax 330 188 -150 -330       …

Barratt Developments Plc

Barratt Development deliver a strong operational and financial performance

Barratt Developments Plc (LON:BDEV) today announced its annual results for the year ended 30 June 2019. £m unless otherwise stated1,2,3 Year ended 30 June 2019 Year ended 30 June 2018 Change Total completions (homes)4 17,856 17,579         1.6% Revenue 4,763.1 4,874.8 (2.3%) Gross margin (%) 22.8 20.7 210 bps Profit from operations 901.1 862.6 4.5% Operating margin (%) 18.9 17.7 …

Royal Bank of Scotland Group

Royal Bank of Scotland Group PLC Charges related to Payment Protection Insurance

Royal Bank of Scotland Group plc (LON:RBS) today provided an update in respect of charges related to Payment Protection Insurance (“PPI”). RBS has been implementing the FCA’s policy statement for handling complaints about the mis-selling of PPI since 2011. Under the FCA’s Policy Statement 10/12, the deadline for filing complaints related to the mis-selling of PPI expired on 29 August 2019. To 30 …

Astrazeneca’s Tagrisso approved in China

AstraZeneca plc (LON:AZN) today announced that it has received marketing authorisation from China’s National Medical Products Administration for Tagrisso as a 1st-line treatment for adults with locally-advanced or metastatic non-small cell lung cancer whose tumours have the genetic mutations of epidermal growth factor receptor (EGFR) exon 19 deletions or exon 21 (L858R) substitutions. The approval followed the Priority Review Pathway and is …

Ferguson PLC

Ferguson PLC CEO succession and demerger of Wolseley UK

Proposed demerger of Wolseley UK The Board of Ferguson plc (LON: FERG) today announced its intention to demerge its UK operations subject to shareholder approval. The decision marks the conclusion of a detailed review of the Group’s assets over several years. On completion of the transaction Wolseley UK will become an independent listed Company serving residential and commercial trades people …

DS Smith Plc continues to progress well despite macro-economic uncertainty

DS Smith Plc (LON: SMDS), today issued a trading update in respect of the period since 1 May 2019. DS Smith will hold its Annual General Meeting at 12 noon today. Trading update The business continues to progress well despite, as expected, continued macro-economic uncertainty, and our expectations for overall financial performance remain unchanged. Our excellent customer engagement and differentiators …