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UK economy shows early signs of recovery after ‘Awful April’
Recent data indicates that the UK’s service sector experienced modest expansion in May, suggesting potential improvement in overall economic activity following a challenging period...
Read Full Article →Qinetiq shares soar after £1.5bn extension to Ministry of Defence deal
The recent extension of Qinetiq’s government contract, valued at £1.5 billion and lasting five additional years, is expected to significantly enhance the company's future revenue s...
Read Full Article →UK net migration almost halves in 2024
The substantial decrease in net migration during 2024 may influence the UK’s labor market and public spending, potentially affecting economic growth and government resource allocat...
Read Full Article →Pepco to sell off Poundland business by September – for £1
Pepco plans to divest its struggling discount retail segment by September, reflecting ongoing revenue declines and increased operational expenses that have negatively impacted the...
Read Full Article →Mitchells & Butlers: Profit at All Bar One owner jumps as Brits keep spending
Mitchells & Butlers experienced a notable increase in half-year earnings driven by steady consumer demand, with revenue climbing to £1,454 million despite facing substantial cost p...
Read Full Article →BT ups dividend as firm refocuses on the UK
BT's increased dividend reflects improved profitability and signals confidence in its strategy to concentrate operations domestically, offering shareholders a higher return compare...
Read Full Article →Tate & Lyle lifts profits as CP Kelco deal kicks in
Tate & Lyle reported improved earnings and increased free cash flow for the fiscal year ending March 2025, benefiting from the incorporation of its $1.8 billion purchase of an ingr...
Read Full Article →Investec rakes in £1bn profit after lending and deposit boost
Investec’s latest financial results reveal a notable rise in operating profit, driven by strengthened lending activities and higher deposit levels, surpassing previous expectations...
Read Full Article →UK government borrowing blows past estimates on Labour’s spending plans
In April, UK borrowing increased significantly beyond forecasts, highlighting challenges in managing public funds and reducing available fiscal flexibility amid rising debt interes...
Read Full Article →Bloomsbury: Profit falls at Harry Potter publisher despite sales rise
Bloomsbury Publishing experienced a significant decrease in pre-tax earnings over the recent financial year, even though its overall income recorded an upward trend during the same...
Read Full Article →Easyjet holds guidance as it eyes £700m profit
Easyjet maintains its full-year forecast, anticipating a substantial pre-tax profit around £700 million, supported by strong forward bookings despite increased interim pre-tax loss...
Read Full Article →Motor finance: How rough a ride are Close Brothers in for?
Close Brothers is facing financial pressure as increasing expenses and declining loan portfolios challenge its stability, while an important regulatory decision could significantly...
Read Full Article →London defies ‘Awful April’ slump with more job postings
Despite broader economic challenges, London experienced an increase in employment opportunities, indicating resilience in its labor market and potentially supporting continued fina...
Read Full Article →Palo Alto rallies on M&S hacks, but earnings fail to woo investors
Palo Alto Networks experienced increased demand for cybersecurity solutions following recent cyberattacks on major UK retailers, although the company’s latest financial report prod...
Read Full Article →The great debt headache
The surge in government borrowing during the pandemic, combined with rising interest rates and inflation, has complicated investment decisions by reducing the appeal and value of m...
Read Full Article →Mark Kleinman: Reeves’ City IPO push still lacks momentum
Despite efforts to stimulate initial public offerings in London, the ongoing slowdown highlights challenges in attracting investors and sustaining financial growth within the city’...
Read Full Article →London Broncos will tap Australian rugby league investment, but not NRL
The London Broncos plan to secure funding from Australian sources to support their development while deliberately avoiding involvement or ownership stakes from the National Rugby L...
Read Full Article →Cyber and AI fuel surge in UK tech M&A deals
The UK’s technology sector experienced significant investment growth, with £13.2 billion allocated to 420 mergers and acquisitions last year, highlighting its increasingly importan...
Read Full Article →Zonal pricing would mean a postcode lottery for energy
Implementing regional variations in energy costs could create inconsistencies across areas, potentially increasing expenses and causing uncertainty for businesses and consumers in...
Read Full Article →Government debt sale delayed over ‘Bloomberg system issues’
The postponement of the UK government bond auction caused by technical difficulties may impact the timing of debt issuance and influence market liquidity and investor participation...
Read Full Article →SSE boss: Zonal pricing would be a ‘huge mistake’
Implementing regional price differences in the UK electricity market could significantly increase costs for certain consumers, potentially leading to uneven financial impacts acros...
Read Full Article →‘Governance horror-show’: AVI hits out at takeover plan from Dan Loeb-backed Third Point
The planned acquisition by Third Point Investors, supported by Dan Loeb, has raised concerns among significant stakeholders due to potential governance challenges and its implicati...
Read Full Article →London house price growth cools as rents continue to climb
In April, London experienced modest annual house price increases below one percent, while rental costs steadily rose beyond the national average, reflecting differing trends in the...
Read Full Article →Shoe Zone given a kicking as shares slump after losses revealed
Shoe Zone experienced a notable decline in its stock value following the announcement of a £2.3 million pre-tax loss for the first half of its financial year, compared to a prior p...
Read Full Article →SSE cuts investment and warns it won’t meet 2030 net zero goal
SSE’s decision to reduce capital spending by up to £3 billion over five years reflects financial pressures that may delay progress toward the UK’s renewable energy targets and affe...
Read Full Article →Easyhotel significantly slashes losses as return to profit nears
Easyhotel’s substantial reduction in pre-tax losses to €1.8 million in 2024 from €10.5 million the previous year reflects notable financial improvement and progress toward achievin...
Read Full Article →JD Sports raises dividend despite tariff uncertainty
JD Sports increased its full-year dividend by 11 percent following a 12 percent revenue growth driven by higher demand in Europe and North America, reflecting strong financial perf...
Read Full Article →Hercules PLC: Powering Britain’s infrastructure ambitions
Hercules PLC is positioned to benefit from extensive upcoming investments in the UK’s infrastructure, contributing to the development of transport, energy, and digital systems whil...
Read Full Article →UBS creates AI tool to monitor interest rate cuts
UBS has developed an artificial intelligence system designed to analyze central bank communications, potentially improving predictions of monetary policy changes that can impact fi...
Read Full Article →Close Brothers shares drop as costs rise from motor finance threat
Close Brothers reported increased operational costs during the third quarter, with net expenses rising to £13.9 million, reflecting ongoing challenges linked to its motor finance a...
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