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London Stock Exchange
330 posts
AstraZeneca has 180 pipeline projects. Why is it cutting costs while investing more in R&D?
AstraZeneca is launching a three-year programme targeting about $1.5 billion of annual savings, with some roles expected to disappear even as the pharmaceutical group reinvests most of the benefit into a rapidly expanding pipeline.
Shell strengthens shareholder returns with $5bn buyback and robust third-quarter cash generation
Shell launches a $5 billion share buyback after reporting $10.8 billion in adjusted earnings and $16.3 billion in quarterly free cash flow.
Barclays to cut 5,000 jobs as AI reshapes costs despite 12% profit growth
Barclays is removing around 5% of its workforce even as quarterly profit rises and another £500 million share buyback begins, showing how artificial intelligence is changing the bank’s definition of an efficient cost base.
Mondi shares plunge as €196m quarterly EBITDA masks fresh packaging margin pressure
Mondi has reported third-quarter underlying EBITDA of €196 million, but the headline improvement conceals weaker sequential performance after adjusting for forestry valuation effects, adding pressure to its packaging earnings recovery.
Tesco (LSE: TSCO) lifts profit floor as £950m buyback raises the Christmas bar
Tesco raised the lower end of FY2026/27 profit guidance after first-half adjusted operating profit increased 6.5%, while stronger free cash flow funded a larger £950 million buyback. The next test is maintaining momentum through the crucial Christmas period.
Can Simon Kesterton turn SIG’s £50m self-help plan into a durable recovery?
SIG has promoted CFO Simon Kesterton to become chief executive in May 2027, placing a turnaround specialist in charge as the building-products group targets £50 million of operating profit improvement, at least £100 million of cash generation and leverage below 3 times EBITDA.
Airtel Money IPO at 196p: Can its $7bn valuation withstand the growth and margin test?
Airtel Money's London IPO values the African fintech platform at approximately $7 billion, but its first trading session has exposed a crucial valuation question. Strong revenue growth, expanding transaction volumes and substantial cash generation must be weighed against narrowing margins, currency exposure and the economics of a business still controlled by Airtel Africa.
Bridgepoint (LSE: BPT) lifts guidance as cash conversion becomes the next test
Bridgepoint has upgraded 2026 earnings expectations, lifted its medium-term performance-related earnings outlook and rebased its dividend to 15 pence, but the valuation now depends increasingly on converting fund marks into distributable cash.
Airtel Africa (LSE: AAF) tumbles 11% as Airtel Money IPO valuation reportedly shrinks
Airtel Africa lost more than a tenth of its value after reports that Airtel Money may seek a smaller London IPO and an $8 billion to $9 billion valuation, even though the fintech generated $689 million of FY26 EBITDA.
System1 rejects Brave Bison’s fourth takeover offer as valuation gap persists
System1 has rejected Brave Bison’s fourth takeover offer, arguing the current cash-and-share value still fails to justify surrendering control.