For the six months, group recorded an adjusted operating loss of £121.5 million, a 22% increase from the £99.8 million loss last year LONDON: Aston Martin Lagonda Global Holdings plc reported a widening of interim losses, as anticipated, driven by reduced deliveries of high-value special edition vehicles and operational disruption stemming from the implementation of…
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News and updates from London Stock Exchange
Bodycote plc reports first-half decline amid tough markets; strategy advances steady
Adjusted operating profit fell 17.5% year-over-year to £55.1 million LONDON: Bodycote plc reported a 7.5% decline in group revenue to £369.0 million for the first half of 2025, citing weak conditions in automotive and industrial markets. Despite this, the company maintained its full-year outlook, highlighting progress in strategic initiatives and signs of sequential growth across…
Vault Ventures signs terms for acquisition of Kingbridge Capital
LONDON: Vault Ventures Plc (AQSE: VULT), a UK-based blockchain and fintech technology developer, announced it has signed non-binding heads of terms for the proposed acquisition of Kingbridge Capital Ltd. Under the proposed all-share deal, Kingbridge will be acquired at 0.0225p per share—a 50% premium to Vault’s closing bid price of 0.015p on July 29—valuing the…
Rio Tinto reports resilient H1 2025 earnings amid portfolio diversification
Rio Tinto allocates $1b annual spend for mine closures, including Gove refinery rehabilitation LONDON: Rio Tinto announced first-half net earnings of $4.5 billion attributable to shareholders on Wednesday, down from $5.8 billion a year earlier, as lower iron ore prices offset gains from copper and aluminum operations. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)…
HSBC battles market volatility with focused resilience amid declining profits
For six months, profit before tax fell by $5.7bn to $15.8bn, driven by $2.1bn in dilution and impairment losses LONDON: HSBC Holdings plc reported a sharp year-on-year decline in interim profits, weighed down by notable one-offs and macroeconomic pressures, yet the bank maintained strategic execution across its core businesses, underscoring operational resilience in turbulent markets….
Santander’s half-year profit soars to record €6.83 billion amid strategic pivot
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%,…
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…