Edition:
United Kingdom

Company Results & Outlooks

Gold miner Centamin cuts output targets on lower grade ore

LONDON, May 25 Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.

UPDATE 2-Britain's United Utilities expects penalty for poor performance

* Total dividend for the year up 2.2 pct (adds share price, comments on penalty, incentives)

24 May 2018

Ryanair says has never made an approach for Norwegian Air

DUBLIN, May 24 Ryanair has never made an approach for Norwegian Air and does not intend to, the Irish airline said on Thursday, disputing claims made by the chief executive of its rival budget carrier.

M&A 24 May 2018

UPDATE 2-TalkTalk counts the cost of biggest ever customer gains

LONDON, May 24 British broadband company TalkTalk added a record number of customers in its fourth quarter, although the cost of winning those customers with cheaper deals along with its ongoing restructuring saw full-year profits fall 35 percent on Thursday.

M&A, Regulatory News 24 May 2018

UPDATE 2-British lender Paragon flags subdued mortgage market despite higher H1 profit

May 24 Britain's Paragon Banking Group cautioned on Thursday that the domestic mortgage market remains subdued, even as a surge in lending volumes helped the lender post a 4.7 percent rise in profit for the first half of the year.

24 May 2018

UPDATE 2-Wizz Air profit flies as bigger planes keep costs down

LONDON, May 24 Budget airline Wizz Air sees profit soaring again this year as bigger, more efficient A321 planes help it to keep costs down, putting it on course to outshine larger rival Ryanair which is more pessimistic about prospects.

24 May 2018

Anglo Asian copper, gold, silver miner moots maiden dividend

LONDON, May 24 Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.

24 May 2018

RPT-UPDATE 2-Tate & Lyle sweetens profit jump with growth plans

LONDON, May 24 British food ingredients company Tate & Lyle is stepping up efforts to accelerate profit growth, its new CEO said on Thursday after reporting a 13 percent jump in adjusted full-year earnings, sending its shares up by 7 percent.

24 May 2018

UK's Qinetiq confident on international growth

LONDON, May 24 British defence company Qinetiq said it was confident of further growing its non-UK business, with more acquisitions possible, after posting a 5 percent rise in profit last year.

M&A 24 May 2018

UPDATE 2-Kingfisher DIY sales feel chill from Europe's blizzards

* Shares recover after falling as much as 3.5 pct (Adds detail, analyst comment, shares)

24 May 2018