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HSBC profits rise 32% but wealth business disappoints


By Goran Nastic

HSBC reported a 32% rise in third-quarter pre-tax profit to $9.6bn, but its shares fell after revenue missed expectations, with weaker performance in its wealth management business dragging down results


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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Informa maintains earnings outlook despite Middle East disruption

Informa has maintained its forecast despite escalating disruption to events in the Middle East, but warned that full-year revenue growth could slow if Saudi Arabia contributes no further revenue this year

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EY UK grows revenue fuelled by AI as partner profits rise

The Big Four accountancy firm said sales of AI and data-related work jumped 46% year-on-year, while average profit per partner increased more than 10%

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Vistry taps Severn Trent CFO

Housebuilder Vistry Group has appointed Helen Miles, currently CFO of Severn Trent Water, as its next finance chief

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Anthropic files for IPO

Anthropic, the maker of Claude, has on Monday officially filed its public IPO paperwork with the US Securities and Exchange Commission and plans to list on Nasdaq under the ticker ANT

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Healey unveils AI investment package ahead of Budget

The UK Government has unveiled a package of AI investments ahead of the Budget, aimed at supporting domestic AI companies and expanding AI skills across the country

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Airtel Money delivers strong growth in first results since London IPO

Airtel Money reported a 25.1% increase in constant-currency revenue to $830m in the six months to 30 September, in its first results since listing in London earlier this month

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OneAdvanced appoints Emma Brown as CFO to drive AI-led growth

SaaS provider OneAdvanced has appointed Emma Brown as CFO, tasking the experienced software executive with leading its financial and commercial strategy as it expands its AI-powered software business

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Debenhams returns to profit after five years

Online retailer Debenhams Group reported its first pre-tax profit in five years and expects to be almost debt-free by year-end.

The company, formerly known as boohoo, reported a pre-tax profit of £28.3m for the six months to 31 August, compared with a £17.9m loss a year earlier

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Evoke revenue falls following shop closures

Evoke has reported that its group revenue fell by 7% year-on-year to £406m in Q3, following the closure of 270 retail shops and “particularly customer-friendly sports results” at the start of the football season

Anthropic and Hg team up to launch European AI consultancy

AI developer Anthropic is expanding deeper into the corporate services market through a new European consultancy backed by UK private equity firm Hg, as demand grows for practical support in deploying AI across businesses
Fintel acquires Mortgage Brain Holdings

Fintel has announced the acquisition of Mortgage Brain Holdings as it looks to strengthen its software and data division and expand its presence in the mortgage market
Sainsbury’s raises profit outlook despite slowing sales growth

Sainsbury’s has raised its full-year profit guidance after reporting higher sales and underlying operating profit in the first half, driven by continued grocery volume growth and cost savings


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