Company News

Devro issues profits warning; shares slip

Stock in Devro suffered a steep fall on Monday after the company warned that its profits in 2014 would be £8 million lower than previously expected.

Serco issues profits warning

Troubled outsourcing giant Serco on Monday issued a profits warning, stating that it could downgrade its profits forecasts as the business conditions remained more challenging than expected.

Bayer exploring options to offload plastics unit: report

Bayer AG, Germany-based pharmaceutical to chemicals group, is reportedly mulling a plan to sell its $10 billion plastics unit so that it could save time and resources to expand its health business.

William Hill to shut 109 loss-making outlets

Britain's largest bookmaker William Hill has announced a steep fall in its profits and cautioned that betting tax hike announced by the government could force it to shut more than 100 outlets.

Starbucks’ UK sales slip 3.4%

After enjoying sixteen years of strong growth in the UK, American coffee giant Starbucks suffered a notable fall in sales in the same European country last year.

The UK subsidiary of Starbucks announced on Friday that its sales slipped 3.4 per cent to £399.4 million ($670.6 million) in twelve months ended September 2013, from £413.4 million in the previous year.

Pearson’s new remuneration policy supported by 96% shareholders: Glen Moreno

Pearson Chairman Glen Moreno has claimed that the publishing company has acknowledged the basis of shareholders' objection to its remunerations policy and has already addressed the issue in the new remuneration policy.