Summer of sport helps provide respite but insolvency trend continues Business A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
Costain launches £10m share buyback as profit and backlog jumps Business Engineering firm Costain has kicked off a £10m share buyback after it revealed a set of strong results this morning. In its half-year results, the company revealed that adjusted operating profit had jumped 8.7 per cent to £16.3m, thanks to an increased operating margin at its transportation arm and increased revenue at its natural resources [...]
FTSE 100 engineer Spirax misses expectations amid ‘weak’ macroeconomic backdrop Business Spirax Group has missed expectations as the FTSE 100 engineering firm highlighted challenging trading conditions in its key markets.
Will the Rolls-Royce share price continue to defy gravity? August 5, 2024 Rolls-Royce has been the talk of the FTSE 100 over the last year. Will the share price rally ever end? (Yes, but not yet).
Wood Group shares plunge 40 per cent after bidder Sidara walks away citing ‘geopolitical risks’ August 5, 2024 Dubai-based engineers Sidara has brought an end to takeover talks with London-listed John Wood, citing "rising geopolitical risks" and "financial market uncertainty".
Admiral Acquisition becomes latest firm to exit London Stock Exchange after £1.48bn deal May 22, 2024 Admiral Acquisition has become the latest company to announce it will leave the London Stock Exchange for New York, after buying US engineering business Acuren for $1.85bn (£1.48).
Smiths Group: Engineering and tech giant on track as new chief settles in May 21, 2024 New Smiths Group chief Roland Carter has overseen a solid first quarter in his first few months at the company.
Renew hopes to cash in on Britain’s net zero drive after delivering record first half May 14, 2024 Renew upped its dividend after delivering a record performance in the first half of the year as the firm looks to cash in on Britain's net zero transition plans,
Wood Group shares soar after engineering giant rejects takeover bid from Dubai-based rival May 8, 2024 It said the board concluded that the offer "fundamentally undervalued Wood and its future prospects" and rejected it earlier today.
Renishaw lowers full-year revenue and profit guidance May 8, 2024 Renishaw has slightly lowered its full year guidance after seeing an uptick in revenue at the start of this year, putting a gloss on what was a difficult trading period in the previous six months.