Spanish lender accelerates digital transformation and shareholder returns while consolidating UK footprint with TSB deal Banco Santander reported a record first-half profit of €6.83 billion for 2025, up 13% year-on-year, underscoring the Spanish lender’s growing resilience and operational efficiency despite geopolitical uncertainties and a shifting interest rate landscape. The group’s earnings per share jumped 19%,…
Category: London Stock Exchange
News and updates from London Stock Exchange
GSK signals confidence with robust Q2 as specialty medicines surge
Operating profit up 33% as strong product mix and R&D drive gains GSK Plc reported another solid quarter in Q2 2025, underscoring its trajectory toward the top end of its full-year guidance. Bolstered by strong growth in Specialty Medicines and Vaccines, the British pharmaceutical giant posted total revenues of £8.0 billion, up 6% at constant…
SThree reports decline in H1 profit amid challenging market conditions
Operating profit declined to £10 million, down 73% from £37.7 million in the prior-year period LONDON: SThree plc, a global STEM workforce consultancy, reported a significant drop in profitability for the first half of fiscal year 2025 as economic headwinds and soft market activity weighed on performance. For the six months ended May 31, 2025,…
IG Design Group reports full-year results, completes strategic exit from DG Americas
The producers of celebration and creative products globally, posted revenue of $729.3 million, down from $800.1 million in the previous year LONDON: IG Design Group plc reported a significant strategic shift in its business operations for the financial year ending March 31, 2025, with the completed divestment of its loss-making DG Americas division. The company,…
Essentra PLC reports first-half results in line with FY expectations
LONDON: Essentra PLC on Tuesday reported financial results for the half year ended June 30, 2025, with performance meeting the company’s expectations despite continued macroeconomic challenges across global markets. The components and solutions provider posted revenue of £152.4 million, a 1.1% decline on a constant currency basis from £159.7 million in the first half of…
Cardfactory acquires Funky Pigeon in £24 million deal to supercharge UK digital retail growth
LONDON: Greeting card giant cardfactory announced Tuesday it will acquire Funky Pigeon from WH Smith PLC for £24 million. The move signals cardfactory’s intent to become a top-tier omnichannel player in the UK’s celebration occasions market. Funky Pigeon, known for its personalised cards and attached gifting via funkypigeon.com, generated around £32 million in annual revenue…
Aferian Plc swings to profit in H1 2025 on strong amino sales surge; FY outlook raised
LONDON: UK-based video streaming solutions firm Aferian plc (LSE AIM: AFRN) reported a return to profitability in the first half of fiscal 2025, fueled by surging demand for its Amino division and strategic cost restructuring. In unaudited results for the six months ended May 31, Aferian posted a 36% year-over-year jump in revenue to $16.6…
Valterra Platinum posts a 46% drop in EBITDA in six months
LONDON: Valterra Platinum Ltd. reported a 46% drop in EBITDA to R6.6 billion for the six months ended June 30, reflecting lower PGM sales volumes and one-off demerger costs, the company said Monday. Despite two fatalities at Unki and Dishaba mines during the first half, CEO Craig Miller reaffirmed safety as a top priority and…
Avacta Therapeutics announces agreement to sell Coris Bioconcept SRL
LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs, today announced the sale of Coris Bioconcept SRL to 3B BlackBio Dx Ltd for an upfront cash consideration of £2.15 million (including net cash & customary working capital adjustments) with an additional earn-out based on future business performance of up to…
RTC Group posts steady interim profit as cash flow surges in first half
DERBY: Engineering and technical recruitment firm RTC Group Plc (AIM: RTC.L) reported a resilient set of interim results for the six months ended June 30, 2025, maintaining profit from operations at £1.3 million while delivering a sharp rise in operating cash flow. Group revenue from continuing operations stood at £48.3 million, slightly below £49.0 million…
Science Group soars on Ricardo windfall; Posts record H1 profit
CAMBRIDGE: Science Group plc (AIM: SAG) reported a dramatic surge in first-half profit, fueled primarily by a highly profitable strategic investment, alongside resilient underlying operations despite economic volatility. Key Highlights (H1 2025 vs H1 2024): Operational Performance: While the exceptional Ricardo gain dominated the headline profit, underlying trading showed resilience. Revenue growth was led by…
Velociti powers 70% IRR for Literacy Capital in premium exit deal
LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…