Corporate updates dominate this morning's brief, led by an upgraded profit outlook at Greencore and a rare profit warning from Wetherspoon. Mining names Fresnillo and Hochschild both reaffirmed full-year guidance despite mixed operational pressures, while Capita, Bloomsbury and Energean each reported distinct corporate developments spanning financing, litigation and production capacity.
Greencore lifts FY26 profit guidance after strong Q3
Greencore Group (LON:GNC) upgraded its profit guidance for the full year following a strong third quarter, with chief executive Dalton Philips saying the enlarged business is performing better than ever. The upgrade points to broad-based momentum across the group's operations following recent expansion.
Reach holds FY26 guidance despite slide in newspapers and digital
Reach (LON:RCH), the UK and Ireland's largest commercial news publisher, held its full-year guidance even as first-half revenue declined across both its print and digital operations. The group halved its interim dividend, signalling caution over the pace of recovery, while management maintained that FY26 targets remain within reach.
Wetherspoon warns full-year profit will miss expectations
J D Wetherspoon (LON:JDW) warned that full-year profit will fall short of market expectations, despite continued like-for-like sales growth. The pub operator cited softer trading in its fourth quarter alongside rising cost pressures as the drivers behind the shortfall.
Fresnillo confirms 2026 guidance despite silver production decline
Fresnillo (LON:FRES) confirmed it remains on track to meet full-year guidance after a second quarter that chief executive Octavio Alvídrez described as a solid operational performance, driven by consistent execution across the asset portfolio, even as silver output declined in the period.
Hochschild sees costs run above guidance despite steady H1 output
Hochschild Mining (LON:HOC) reported that costs are tracking above guidance even as first-half output held steady. Chief executive commentary highlighted robust operating cash flow at the Inmaculada and San Jose mines, alongside continued progress on the operational turnaround at Mara Rosa.
Capita raises $55m in US private placement notes
Capita (LON:CPI) raised $55m through a US private placement of new notes, issued at a 7.54% coupon. The outsourcing group also secured a loosening of a key covenant across its borrowing facilities, giving it added financial flexibility.
Bloomsbury to collect payout from $1.5bn Anthropic settlement
Bloomsbury (LON:BMY) confirmed it will benefit from a $1.5bn class-action settlement approved by a US court over Anthropic's unlicensed use of copyrighted works. The publisher is named among the beneficiaries of the landmark settlement.
Energean doubles FPSO liquids capacity with second oil train
Energean (LON:ENOG) brought online the second oil train on its Energean Power FPSO, lifting total liquids processing capacity to 31 kbbl/d. The expansion increases the Brent-linked share of the company's revenues going forward.
