Distribution and outsourcing group Bunzl Plc Wednesday said it expects full-year 2013 revenue growth to be about 12 percent at constant exchange rates, reflecting around 2 percent rise in underlying revenue, as well as positive impact of acquisitions.
British public transport operator Stagecoach Group Plc Wednesday reported increased profit for the first half of the year, supported by its bus and rail services in the UK and North America, despite the absence of the positive impact of the London Olympics last year. The company increased the interim dividend by more than 11 percent and said overall trading for the financial year to date i
British industrial production increased for the second straight month in October, boosting hopes of a strong recovery in the fourth quarter, the Office for National Statistics said Tuesday. Further, the trade data today showed that the visible trade gap narrowed as imports declined more than shipments in October.
Tour operator TUI Travel Plc Tuesday reported a decline in profit for its fiscal 2013, reflecting higher expenses. Meanwhile, underlying earnings, excluding certain items, increased from the prior year. Annual revenues grew 4 percent, and the board has recommended a higher final dividend.
Hotel and restaurant group Whitbread Plc. (WTB.L) Tuesday reported growth in like for like sales and total sales for the 13 weeks ended November 28, driven by the strength of Premier Inn and Costa as well as improved performance from Restaurants. Whitbread said it is on track to deliver full-year results in line with expectations.
Kentz Corp. Ltd., the holding company of the Kentz engineering and construction group, Monday announced that it has entered into an agreement to acquire the US-based Valerus field solutions business for $435 million in cash, or 266.5 million pounds, subject to a working capital adjustment.
Lloyds Banking Group Plc. (LYG, LLOY.L) Monday said it has agreed to sell a portfolio of UK corporate real estate loans to Promontoria Holding 87 B.V., for 90 million pounds in cash, as part of the group's continued non-core asset reduction program. Promontoria is an entity affiliated with Cerberus European Investments, LLC.