Trainline shares tumble despite record sales ahead of national ticket app launch March 13, 2025 Trainline shares tanked on Thursday despite record full-year sales and the announcement of a £75m buyback programme. A bumper set of results failed to quell investor fears over the launch of a state-owned rival ticketing app in the UK, with the stock dropping more than 13 per cent in early deals. It came despite net [...]
Balfour Beatty: Investors cash in as orders swell March 12, 2025 Balfour Beatty has hiked its dividend after the construction giant reported a bumper year. On Wednesday, the London-listed firm recommended a final dividend per share of 12.5p, up nine per cent from last year’s 11.5p. Basic earnings per share also rose from 34.2p to 43.6p. Balfour Beatty is also in the process of a multi-year [...]
Costain doubles dividend as pipeline jumps March 11, 2025 Costain has doubled its full-year dividend after reporting a record increase in forward work. On Tuesday, the London-listed construction firm said it would increase its dividend per share from 1.2p to 2.4p. Earnings per share also rose by nearly a fifth to 14.6p, up from 12.2p the year prior. It came as Costain’s forward work [...]
Kier Group shares tumble despite record orders March 11, 2025 Kier Group shares tumbled this morning despite the firm hiking dividends by a fifth and reporting a record £11bn order backlog. The London-listed group said it would pay investors an interim dividend of 2p, up 20 per cent from last year’s 1.67p. Kier Group’s record £11bn order book rose two per cent year-on-year and means [...]
Balfour Beatty shares slump as veteran chief Leo Quinn steps down March 5, 2025 Shares in Balfour Beatty slumped on Wednesday after veteran chief executive Leo Quinn announced plans to step down. Quinn departs following a more than 10-year stint leading the UK’s biggest contractor, during which time he significantly reduced debt and put the company on the path to profitable growth. Shares fell more than four per cent [...]
Ibstock slashes dividends as profit tumbles March 5, 2025 Ibstock has slashed its annual dividend payout as profit and revenue fell amid “subdued market conditions.” The London-listed brickmaker reported a near third drop in pre-tax profit to £21m for the year ended 31 December. Ibstock said the figure reflected “lower trading performance” and the impact of a one-off £12m charge. Revenue declined 10 per [...]
Reach: Daily Mirror and Express owner beats profit forecasts March 4, 2025 Reach, the owner of the Daily Mirror and the Express, beat annual profit forecasts on Tuesday as its efforts to cost cuts began to pay off. Operating profit increased six per cent to £102.3m, exceeding analysts’ forecasts of £97.4m. Earnings per share jumped 16 per cent to 25.3p even as revenue declined 5.3 per cent [...]
Boeing issues weigh on FTSE 250 group Senior’s results March 3, 2025 Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]
Aston Martin to cut 170 jobs in cost-cutting drive February 26, 2025 Luxury carmaker Aston Martin is planning to cut 170 jobs in a bid to drive down costs and turnaround a struggling share price. The plans involve axeing five per cent of its global workforce, which it estimates will save around £25m. It came as Aston Martin reported wider full-year losses of £289.1m and a three [...]
On the Beach: Summer bookings soar after record year February 25, 2025 On the Beach is expecting another bumper summer of travel in 2025 after reporting a surge in advanced bookings. The London-listed travel firm said total transaction value (TTV) growth, a measurement of ticket sales, had risen 10 per cent year-on-year for the upcoming summer. Group TTV for holidays scheduled from March through to June is [...]