Associated British Foods announced on Thursday that its trading outlook remains unchanged after a strong performance from Primark. Its adjusted operating profit and adjusted earnings per share for the year are expected to be in line with results from last year. Shares in the company edged up by almost...
Halfords group has announced on Thursday that it will lower its profit guidance following a difficult third quarter. Shares in the group slid by almost 20% following the news. The company now expects its underlying profit before tax for the 2019 financial year to be in the range of £58...
Tech start-up Blippar, which was previously the star of the tech sector, has collapsed into administration. The augmented reality firm was famously a tech "unicorn" - start-up worth over $1 billion or more - but has collapsed over funding disputes. Founded in 2011 by Ambarish Mitra, he came up with the business idea from a...
After reaching "unicorn" status last month, Monzo is launching another crowdfunding campaign on Monday. The challenger bank hopes to raise another £20 million and will allow account holders to buy shares using £1,000 overdrafts. The tech start-up introduced overdrafts to accounts earlier this year, where customers will be charged 50p a day...
Thomas Cook Group has released an announcement on Tuesday morning, warning that annual operating earnings would drop 19%. As a result, shares have plunged over 20%. This is the group’s second downgrade in two months. Heavy discounting at its tour operating business has been blamed for the results. Additionally, the group...