United Kingdom

Company Results & Outlooks

UPDATE 1-Deteriorating advertising markets hit Britain's Daily Mail

* Media industry suffers from falling advertising income (Adds details on industry, shares, analyst reaction)

Former Barclays chief's Atlas Mara group reports $2 mln first-quarter loss

LONDON, May 26 Atlas Mara, the African investment vehicle of ex-Barclays boss Bob Diamond, on Thursday reported a $2 million loss for the first quarter on Thursday, blaming weaker African currencies and a more challenging economic backdrop.

M&A 8:20am BST

BRIEF-Imagination Tech warns on full-year revenue and loss

* Underlying performance, before one-off items, has continued to be broadly in line with expectations

7:34am BST

Daily Mail downgrades outlook on print advertising slump

LONDON, May 26 The publisher of the Daily Mail newspaper said a downturn in the print advertising market was squeezing margins in its media business, resulting in an 11 percent drop in first-half profit and a lower outlook for the year.

7:28am BST

UPDATE 3-New boss warns on profit as turns to "Mrs M&S" to revive clothing

* Shares fall 8.9 pct to 405 pence (Adds CEO quotes, further reaction)

25 May 2016

UPDATE 1-Novartis willing to sell Roche stake without demanding premium - CEO

ZURICH, May 25 Swiss drugmaker Novartis is ready to sell its near $14 billion stake in rival Roche without demanding a premium, Chief Executive Joe Jimenez said on Wednesday.

M&A 25 May 2016

BRIEF-M&S CEO says won't put timeframe on recovery of clothing business

* CEO Steve Rowe says expects analysts' consensus profit forecasts for current, next year to come down

25 May 2016

Babcock posts 10 pct rise in full year profit, sees bright outlook

EDINBURGH, May 25 Britain's Babcock International said full-year profit rose 10 percent, underpinned by a strong performance across its engineering and support services business and a robust order book.

25 May 2016

Zoopla H1 profit up, sees year at top end of forecasts

LONDON, May 25 British property website Zoopla said it expects annual core earnings at the 'top end' of market expectations after a 53 percent jump in mid-year profit lifted by increased traffic on its site and more agents listing properties on it.

25 May 2016

M&S says turnaround plan to hit profit in short term

LONDON, May 25 British retailer Marks & Spencer said on Wednesday its new boss's plan to turn around the firm's underperforming clothing and homewares business would impact short-term profit.

25 May 2016
US $ inGBP =0.6823
Euro inGBP =0.7631
¥en inGBP =0.0062