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The Serious Fraud Office (SFO) has charged five men following the collapse of the law firm, Axiom Ince, and alleged improper use of £60m in client money
Posted: 20/12/2024
IP Group has announced that two quoted companies on its life sciences portfolio have received cash offers, with the group set to receive £13.8m
Posted: 20/12/2024
The trustees of the Airways Pension Scheme have agreed a £340m longevity swap with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, and Zurich Assurance Ltd
Posted: 20/12/2024
James McCullough has been appointed as the new chief financial officer (CFO) at Kenmare Resources
Posted: 20/12/2024
Analysts have described Serco’s latest trading statement as the "strongest" business opportunities presented by the firm in a decade, as its underlying profit jumped by 25% in its second half
Posted: 19/12/2024
FD Technologies has proposed a tender offer to return up to £120m to shareholders, following the disposal of its first derivative business to EPAM Systems, Inc.
Posted: 19/12/2024
Henry Boot has acquired the 50% share in Stonebridge Homes that it does not own for £30m, with the firm now set to own 100% of the housebuilder
Posted: 19/12/2024
Titan Wealth has announced the acquisition of Independent Wealth Planners (IWP), a provider of financial planning solutions, for an undisclosed amount
Posted: 18/12/2024
Tortoise Media has signed a deal to acquire The Observer from the Guardian Media Group (GMG) and The Scott Trust
Posted: 18/12/2024
Shoe Zone has lowered its profit before tax expectations for the current financial year from £10m to £5m, amid "challenging trading conditions" as it plans to close stores
Posted: 18/12/2024
DIY and home improvement retailer Kingfisher has announced the sale of its Brico Dépôt Romania business in a deal worth £58m
Posted: 18/12/2024
Landsec has acquired a 92% stake in the shopping centre, Liverpool ONE, for an overall consideration of £490m
Posted: 17/12/2024
GlobalData has acquired research and advisory firm, Celent, for an undisclosed amount
Posted: 17/12/2024
There were a total 1,966 company insolvencies across England and Wales during November, according to the latest figures published by the Insolvency Service
Posted: 17/12/2024
Revenue at Hollywood Bowl has increased by 7.1% to £230.4m in the year to 30 September, despite the group incurring a £5m impairment on its Puttstars mini-golf operations.
The entertainment firm, which operates venues across the UK and Canada, saw its adjusted EBITDA increase by 5.9% in the same period to £87.6m
The entertainment firm, which operates venues across the UK and Canada, saw its adjusted EBITDA increase by 5.9% in the same period to £87.6m
Posted: 17/12/2024
Family offices are planning to boost the outsourcing of core services as they look to benefit from professional expertise and improve services, according to Ocorian
Posted: 16/12/2024
Ricardo plc has agreed to acquire 85% of Australian firm, E3 Advisory, for a consideration of £51m
Posted: 16/12/2024
Computacenter has announced that its chief financial officer (CFO) Christian Jehle, is stepping down from the role
Posted: 16/12/2024
The Tennants Consolidated Limited Pension Scheme has completed a £102m full scheme buy-in with Royal London, covering 463 pensioners and 241 deferred members
Posted: 16/12/2024
Tullow Oil has been approached by US rival, Kosmos Energy, in regards to an acquisition deal
Posted: 13/12/2024
The trustees of an unnamed pension scheme have completed a £17m full-scheme buy-in with Just Group, insuring the benefits of all 54 scheme members
Posted: 13/12/2024
The chief financial officer (CFO) at Chapel Down, Rob Smith, has stepped down from the role and as a director
Posted: 13/12/2024
The order book at De La Rue has reached a five-year high at £338m, despite revenue at the digital and physical protections firm dropping by 10% year-on-year
Posted: 12/12/2024
The Hays Pension Scheme has completed a £370m buy-in with Pension Insurance Corporation (PIC), covering the benefits of 853 pensioners and dependents and 3,368 deferred members
Posted: 12/12/2024
Currys has returned to adjusted profit in the first half of its financial year, reaching £9m, which is a year-on-year increase of £25m.
The tech retailer also saw its reported loss before tax improved by £34m to £10m in the six months to 26 October 2024
The tech retailer also saw its reported loss before tax improved by £34m to £10m in the six months to 26 October 2024
Posted: 12/12/2024
Close Brothers has been granted permission by the Supreme Court to appeal the ruling of a motor finance commissions case in October
Posted: 11/12/2024
Equals Group has announced that it has agreed to a £283m acquisition offer from London-based investor consortium, Alakazam
Posted: 11/12/2024
Audioboom has increased its expected EBITDA profit by $300,000 (£235,000) to $3.1m (£2.43m) for the full financial year, after continuing its "strong momentum" throughout Q4
Posted: 11/12/2024
British American Tobacco (BAT) has confirmed it remains on course to meet its current guidance after enjoying a jump in vape sales during H2
Posted: 11/12/2024
The Wealth & Asset Management Awards 2025 remain open for entries to firms in the institutional and retail asset management spaces
Posted: 11/12/2024
Centrica, the parent company of British Gas, has announced fresh plans to return £300m to shareholders under a new buyback scheme, despite the energy giant raising bills for millions of its customers
Posted: 10/12/2024
Ashtead Group has announced that it intends to move its primary listing away from the London Stock Exchange (LSE), opting for New York as a replacement
Posted: 10/12/2024
Moonpig has posted a £33.3m loss before tax in its opening half results, falling from a profit of £18.9m generated in H1 last year
Posted: 10/12/2024
Mark Fryer has been appointed as the interim chief financial officer (CFO) at Dialight, as well as executive director at the group, effective from 6 January 2025
Posted: 10/12/2024
Robeco has listed its first line-up of active exchange traded funds (ETF) on the London Stock Exchange
Posted: 09/12/2024
Domino’s has reached a new five-year framework with its franchise partners as part of a wider move to widen its store network in the UK and increase investment in its digital platform
Posted: 09/12/2024
CRH has appointed Alan Connolly has its interim chief financial (CFO), effective from 1 January 2025
Posted: 09/12/2024
Brave Bison has acquired sports marketing business, Engage, for £10.6m
Posted: 09/12/2024
Profits at Berkeley have fallen by 7.7% year-on-year in the six months to 31 October to £275.1m, as the firm announced the launch of its new ‘Berkeley 2035’ growth strategy.
Posted: 6/12/2024
Frasers Group has announced that intends to make a voluntary offer to acquire 100% of shares at Norwegian firm, XXL ASA
Posted: 6/12/2024
Direct Line has accepted an improved acquisition bid by rival insurer, Aviva, valued at £3.6bn
Posted: 6/12/2024
Publishing group Future has returned to year-on-year organic revenue growth, which was up 1% to £788.2m in the year to 30 September
Posted: 05/12/2024
The Competition and Markets Authority (CMA) has approved the proposed merger between Vodafone and Three, after the regulator launched a phase two investigation in September.
The regulator said it would allow the deal if both companies sign binding commitments to invest £11bn in the roll out of a UK-wide combined 5G network
The regulator said it would allow the deal if both companies sign binding commitments to invest £11bn in the roll out of a UK-wide combined 5G network
Posted: 05/12/2024
AJ Bell has announced a record revenue of £269.4m in its latest annual results, a figure up 23% on last year
Posted: 05/12/2024
Frasers Group has decreased its profit guidance for the full financial year by £25m, as its retail revenue in the first half fell by 8.4% to £2.5bn
Posted: 05/12/2024
Drax has announced that Andy Skelton has informed the company he is to retire from his role as chief financial officer (CFO)
Posted: 04/12/2024
Ingredients and flavours manufacturer, Treatt, has posted a 10.1% jump in profit before tax and exceptional items to £19.1m in its latest annual results
Posted: 04/12/2024
Zigup has increased its interim dividend in the first half of its financial year by 6% annually to 8.8 pence per share, despite its reported profit before tax dropping by 42.4% to £56.2m
Posted: 04/12/2024
The Avimo Pension Scheme has completed a £50m buy-in with Rothesay, securing retirement benefits of all 611 scheme members, including 416 pensioners and dependants and 195 deferred members
Posted: 04/12/2024
The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has agreed a £450m longevity swap with Metropolitan Life Insurance Company (MetLife)
Posted: 03/12/2024
On the Beach has recorded a 14% jump in annual revenue to £128.2m, the travel retailer’s third consecutive year of revenue growth
Posted: 03/12/2024
Animalcare Group has agreed to acquire Australian equine veterinary business, Randlab, for £62.2m, in part using proceeds from fundraising announced today
Posted: 03/12/2024
Profit before tax at Marston’s has increased by 64.5% year-on-year to £42.1m in the year to 28 September, after the firm sold its remaining non-core brewing assets in July
Posted: 03/12/2024
Topps Tiles has defended itself after receiving criticism from its largest shareholder in regards to the firm’s direction and mismanagement
Posted: 2/12/2024
Typhoo Tea has been bought out of administration by manufacturer, supplier and brand owner of fast-moving consumer goods, Supreme, for £10.2m.
The news comes after the pre-packaged tea brand, which has been in business for 120 years, entered administration on Friday
The news comes after the pre-packaged tea brand, which has been in business for 120 years, entered administration on Friday
Posted: 2/12/2024
KION Group has completed a £250m full scheme buy-in transaction with Canada Life, securing the benefits of over 3,000 members and covering five different UK defined benefit (DB) pension schemes within the group
Posted: 2/12/2024
Revenue at Yorkshire Water has increased by 6.5% year-on-year in the six months to 30 September, reaching £653.1m
Posted: 29/11/2024
TI Fluid Systems has agreed to a £1bn acquisition offer from Canadian firm, ABC Technologies
Posted: 29/11/2024
Peel Hunt has returned to profitability after posting a pre-tax profit of £1.2m in its opening half results, against a loss of £0.8m in the same period last year
Posted: 29/11/2024
Invinity Energy Systems has appointed Adam Howard to the role of chief financial officer (CFO)
Posted: 29/11/2024
Venture capital (VC) funding in the UK increased by 18.6% year-on-year to $14.3bn (£11.28bn) between January to October 2024, GlobalData has revealed.
This is despite the number of VC deals falling by 11.4% in the same period to 1,002, after 1,131 VC deals were made between January to October 2023, with a value of $12bn (£9.46bn)
This is despite the number of VC deals falling by 11.4% in the same period to 1,002, after 1,131 VC deals were made between January to October 2023, with a value of $12bn (£9.46bn)
Posted: 28/11/2024
Shares at Dr Martens have increased by 14%, despite the bootmaker posting a half-year loss of almost £29m
Posted: 28/11/2024
Loungers is set to be acquired by US firm, Fortress Investment Group, for a cash consideration of £338.3m
Posted: 28/11/2024
Digitalbox has appointed Richard Spilsbury as its new chief finance officer (CFO) and company secretary
Posted: 28/11/2024
The trustees of the Mitchells & Butlers Executive Pension Plan (MABEPP) have agreed a full scheme buyout with Legal and General Assurance Society Limited, the group's latest annual accounts have revealed
Posted: 27/11/2024
Pets at Home has downgraded its full-year profit expectations after reporting a “subdued” pet retail market
Posted: 27/11/2024
Profit before tax at easyJet has increased by 34% in the year to 30 September, reaching £610m after another record summer
Posted: 27/11/2024
Just Eat has announced that it intends to delist from the London Stock Exchange (LSE), becoming the latest firm that is planning to leave the market
Posted: 27/11/2024
The Financial Conduct Authority (FCA) has been branded “incompetent at best, dishonest at worst” in a new Parliamentarian report.
A group of MPs and Lords have called for an overhaul of the UK’s main financial regulator following years of significant criticism
A group of MPs and Lords have called for an overhaul of the UK’s main financial regulator following years of significant criticism
Posted: 26/11/2024
Net rental income at LondonMetric has increased by 154% year-on-year to £193.1m in the first half of the firm’s financial year
Posted: 26/11/2024
The Wednesbury Pension Scheme has completed a £43m buy-in with Just Group
Posted: 26/11/2024
AO World has posted a 30% jump in H1 adjusted pre-tax profit to £17m in the six months to the end of September
Posted: 26/11/2024
Revenue at Halfords has remained flat year-on-year in the 26 weeks to 27 September, falling slightly to £864.8m
Posted: 26/11/2024
Shares in ITV have increased as several investors are considering bids for the broadcaster
Posted: 25/11/2024
Kingfisher has tightened its full-year profit guidance after the home and DIY retailer reported a “flat” sales period in Q3
Posted: 25/11/2024
The National Grid Electricity Group part of the Electricity Supply Pension Scheme has completed a £1.7bn buy-in with Aviva
Posted: 25/11/2024
Anglo American has sold its remaining steelmaking coal mine portfolio to Peabody Energy for $3.77bn (£3bn)
Posted: 25/11/2024
Rentokil Initial has announced that Paul Edgecliffe-Johnson will join the company’s board as chief financial officer (CFO) on 1 January 2025
Posted: 25/11/2024
Appetite for risk among family offices is set to increase over the next year amid improved regulation of risker assets, according to new research by Ocorian
Posted: 22/11/2024
Flexible office provider Workspace has posted a growth in pre-tax profit to £10.2m in its opening half results
Posted: 22/11/2024
DFS has appointed Marie Wall as interim chief financial officer (CFO), who will join the business from 2 December
Posted: 22/11/2024
Shares at Games Workshop have reached record highs as the firm announced that it is running "ahead of expectations"
Posted: 22/11/2024
Jet2 has seen its profit before tax increase by 20% year-on-year to £592.9m in the six months to 30 September
Posted: 21/11/2024
Southern Housing has appointed Tom Paul as its new chief financial officer (CFO)
Posted: 21/11/2024
JD Sports has stated that it expects its profit before tax guidance to fall to the lower end of its original range of £955m to £1.035bn, after working in what it describes as a "volatile trading environment"
Posted: 21/11/2024
Pennant International Group has appointed Darren Wiggins as the group’s new chief financial officer
Posted: 20/11/2024
Property developer British Land has reported an operating profit of £143m in its H1 results, a figure up 1% on last year
Posted: 20/11/2024
Shares in Sage have increased by almost 20% after the accounting software firm published its full-year results
Posted: 20/11/2024
Profit before tax at Severn Trent has almost tripled year-on-year in the six months to 30 September, reaching £192.3m
Posted: 20/11/2024
The number of company insolvencies in England and Wales fell by 10% in October to 1,747, new figures published by the Insolvency Service have shown
Posted: 19/11/2024
Imperial Brands has increased its dividend by 4.5% after the tobacco company reported a rise in profits in its full-year results
Posted: 19/11/2024
Deloitte is planning to cut 180 jobs across its UK advisory divisions, with staff being told this morning that their positions were at risk of restructuring
Posted: 19/11/2024
Mulberry has said there is a "clear need to reprioritise and rebuild the business", after its group revenue fell by 19% to £56.1m in the six months to 28 September
Posted: 19/11/2024
Biopharmaceutical group, Arecor Therapeutics, has announced the appointment of David Ellam as its interim chief financial officer (CFO), effective immediately
Posted: 18/11/2024
Melrose Industries has announced a 7% jump in revenue for the period covering the four months to 31 October, as the aerospace manufacturing group said it remains on course to meet its full-year targets
Posted: 18/11/2024
LondonMetric Property has sold 24 properties across several of its non-core sectors for a total consideration of £57.9m
Posted: 18/11/2024
Tehcnology group Halma has announced the acquisition of French company Lamidey Noury Medical in a deal worth £42m
Posted: 18/11/2024
Engineering firm Equipmake has confirmed that its chief financial officer (CFO), Tony Ratcliffe, has resigned from the company
Posted: 15/11/2024
Landsec has posted a pre-tax profit of £243m in its opening half results as the property developer suggested a return to office working had aided its recent performance
Posted: 15/11/2024
Volex has made a second offer of £258.6m to acquire electronic manufacturing firm, TT Electronics
Posted: 15/11/2024
The trustee of the G4S Pension Scheme has completed a £1.8bn full buy-in with Just Group, covering the benefits of around 22,500 members
Posted: 15/11/2024
Aviva has reported a 15% jump in general insurance (GI) premiums to £9.1bn through nine months of trading, as the insurer announced a Q3 of strong delivery and profitable growth
Posted: 14/11/2024
B&M has said it is "well positioned for the golden quarter", with revenue increasing by 3.7% to £2.64bn in the first half of its financial year
Posted: 14/11/2024
WH Smith has posted a 7% rise in full-year revenue to £1.92bn after reporting a successful 12 months for its travel business
Posted: 14/11/2024
Shares at Burberry have increased after the luxury fashion brand announced a cost saving programme to unlock annual savings of £40m
Posted: 14/11/2024
An unnamed defined benefit (DB) pension scheme has completed a £20m buy-in with Utmost Life and Pensions
Posted: 14/11/2024
Southern Gas Networks (SGN) has announced the appointment of Tony King as its new chief financial officer (CFO)
Posted: 13/11/2024
Smiths Group has seen its revenue increase 15.8% year-on-year in the three months to 1 November, with analysts describing the results as "some relief" for the firm
Posted: 13/11/2024
Experian has reported a 7% increase in revenue in its opening half results, hitting £2.86bn in the six months to the end of September
Posted: 13/11/2024
Profit before tax at SSE has increased by 26.4% annually to £714.5m in the six months to the end of September
Posted: 13/11/2024
Shell has won an appeal against a Dutch court ruling which had ordered the oil and gas giant to sharply reduce its greenhouse gas emissions
Posted: 12/11/2024
Vodafone has seen its revenue increase by 1.6% in the first half of its 2025 financial year, reaching €18.3bn (£15.2bn)
Posted: 12/11/2024
BAE Systems has revealed that it remains on course to meet its full-year expectations after reporting a strong operational and financial performance
Posted: 12/11/2024
Brookfield and Segro have announced that the firms are to split the acquisition of Tritax EuroBox, with the latter’s acquired assets totalling €470m (£389.8m)
Posted: 12/11/2024
Croda International has posted a 5% jump in Q3 sales to £407m as the firm maintained its profit outlook for the full year
Posted: 11/11/2024
The chief financial officer (CFO) at Dialight, Carolyn Zhang, has stepped down from the role with immediate effect
Posted: 11/11/2024
Direct Line is set to cut around 550 jobs as its looks to "create a leaner and more efficient operating model"
Posted: 11/11/2024
NatWest has bought back another £1bn worth of shares from the Treasury as the Government continues to lower its stake in the bank
Posted: 11/11/2024
International Airlines Group (IAG) has seen its revenue increase by 7.9% year-on-year to €24m (£19.95m) in Q3, as it announced a €350m (£291m) share buyback scheme
Posted: 08/11/2024
Vistry has issued a second profit warning in as many months as the housebuilder blamed increased cost overruns and slow market conditions
Posted: 08/11/2024
Rightmove has increased expectations for its average revenue per advertiser (ARPA) in its first trading update in its current financial year
Posted: 08/11/2024
Natwest Group has agreed a buy-in transaction with a third party insurer, with around a third of the main section of its defined benefit (DB) pension scheme now covered by insurance policies
Posted: 08/11/2024
Shares in John Wood Group have slumped after the engineering group announced an independent review of its business would be conducted by Deloitte
Posted: 07/11/2024
BT has announced that 2,000 jobs have been cut after its revenue fell by 3% year-on-year, leading to revisions of its full-year expectations
Posted: 07/11/2024
Sainsbury’s has reported a 4.7% rise in pre-tax profits in its H1 results although the supermarket also warned that it may be raising food prices following last week’s Budget
Posted: 07/11/2024
ITV has announced an additional £20m of net cost savings in 2024, as the broadcaster’s revenue dropped by 8% year-on-year to £2.74bn in the nine months to the end of September
Posted: 07/11/2024
A majority 86% of chief financial officers (CFOs) feel that decisions about their organisation’s financial strategy are being made without sufficient data or insight, according to a new study by AccountsIQ
Posted: 07/11/2024
Rolls-Royce has stated that its expectations for the 2024 financial year are unchanged, despite a "challenging supply chain environment"
Posted: 07/11/2024
Like-for-like (LFL) sales at JD Wetherspoon reached record levels in its first quarter, increasing by 5.9% year-on-year
Posted: 06/11/2024
The West Bromwich Building Society Staff Retirement Scheme has completed a £70m buy-in with Canada Life, securing the benefits of all uninsured scheme members, including around 490 deferred members and 400 pensioner members
Posted: 06/11/2024
Marks & Spencer (M&S) has seen its pre-tax profit increase by 17.2% to £408m, beating expectations in the first half of its financial year
Posted: 06/11/2024
Nic Nicandrou has been appointed as the new group chief financial officer (CFO) at Phoenix Group and as an executive director of the board, effective from 2 December
Posted: 06/11/2024
Assets under management (AuM) at Schroders have reached a record high, totalling £777.4bn, but this result have been softened as its net flows in joint ventures (JVs) and associates were negative in the third quarter
Posted: 05/11/2024
The Competition and Markets Authority (CMA) has given its backing for the proposed telecoms merger between Vodafone and Three to go ahead
Posted: 05/11/2024
Asos has said it is "energised" by its performance in the current financial year, despite its revenue dropping by 16% annually
Posted: 05/11/2024
Pension Insurance Corporation (PIC) has announced a new £54m joint venture with the Government’s housing agency, Homes England, and property developer, Muse
Posted: 04/11/2024
Mercer has completed its acquisition of long-term savings specialist Cardano, for an undisclosed amount
Posted: 04/11/2024
Anglo American has agreed to sell its 33.3% minority stake in Jellinbah to Australian firm, Zashvin, for approximately £810m
Posted: 04/11/2024
Richard Johnston has been appointed as the new chief financial officer (CFO) at luxury prize draw firm, Good Life Plus
Posted: 1/11/2024
Tesco Bank has completed the sale of its banking operations to Barclays, starting a 10-year partnership between the two banks
Posted: 1/11/2024
The Armfield Limited Pension and Life Assurance Scheme has completed a £7m buy-in transaction with Just Group, securing the retirement benefits of the scheme's 24 pensioners and 15 deferred members
Posted: 1/11/2024
Nexteq has announced the appointment of Matt Staight as its new chief financial officer (CFO)
Posted: 31/10/2024
Shell has recorded a profit of $6bn (£4.65bn) in the third quarter, exceeding forecasts by 12%
Posted: 31/10/2024
The St Modwen Pension Scheme has completed an £18m full-scheme buy-in with Just Group
Posted: 31/10/2024
The increase in employer national insurance (NI) contributions in the Autumn Budget has left business leaders feeling "tricked", analysts have said
Posted: 30/10/2024
Shares at GSK have fallen in early trading after the British pharmaceutical firm announced that it was dropping its vaccine sales forecast for the current year
Posted: 30/10/2024
Next is expecting to top £1bn in profits this year after revising its guidance upwards following a strong Q3 trading period
Posted: 30/10/2024
Virgin Money has announced that its chief financial officer (CFO), Clifford Abrahams, is to step down from the position
Posted: 30/10/2024
Profit before tax at bp has dropped to $2.34bn (£1.8bn) in the nine months to September, a near four-year low as it continues to make the firm "simpler" and "more focused"
Posted: 29/10/2024
Foxtons has confirmed the acquisitions of two estate agents for an initial £12.6m consideration, and a deferred £3.4m dependent on future performance targets
Posted: 29/10/2024
The Deutsche Bank Pension Scheme has completed a £1.1bn full buy-in with Legal & General (L&G), securing the retirement benefits of around 4,000 members
Posted: 29/10/2024
Hargreaves Lansdown has reported a rise in the number of people opening new ISA, SIPP and active savings accounts
Posted: 29/10/2024
SigmaRoc has posted a 67% year-on-year (YoY) increase in revenue to £729m through its first three quarters
Posted: 28/10/2024
Trainline has increased its guidance range across some financial metrics, after it delivered "strong growth" in the first half of the 2025 financial year
Posted: 28/10/2024
The RAC (2003) Pension Scheme has completed a £1.3bn full buy-in with Aviva, securing retirement benefits for all of the scheme's 19,000 members
Posted: 28/10/2024
Thames Water has requested up to £3bn worth of new financing from its creditors as part of a move to extend its liquidity runway
Posted: 25/10/2024
boohoo has retorted against Frasers Group’s criticism of its financial results, describing them as "inaccurate and unfair"
Posted: 25/10/2024
The UK has seen a total of 877 venture capital (VC) funding deals through the first three quarters of 2024, according to new data published by GlobalData
Posted: 25/10/2024
NatWest has beaten expectations across a range of financial results, with its profit before tax reaching £1.7bn in Q3, £200m above previous estimates.
The bank’s total income reached £3.8bn in the period, which was a 5.1% increase quarter-on-quarter
The bank’s total income reached £3.8bn in the period, which was a 5.1% increase quarter-on-quarter
Posted: 25/10/2024
Frasers Group has called on boohoo to appoint its owner, Mike Ashley, as its chief executive officer (CEO) and director
Posted: 24/10/2024
Unilever has seen its underlying sales growth (USG) increase by 4.5% in the third quarter of its current financial year, while also witnessing volume growth of 3.6%
Posted: 24/10/2024
Applied Nutrition has been valued at £350m following its initial public offering (IPO) on the London Stock Exchange
Posted: 24/10/2024
Barclays has reported a 23% increase in attributable profits to £1.6bn in its third quarter, a figure better than the bank had expected
Posted: 24/10/2024
Frasers Group has announced that it does not intend to make a formal offer for luxury handbag firm, Mulberry
Posted: 23/10/2024
Lloyds Banking Group has seen its operating profits drop by 2% year-on-year to £2.29bn in the three months to 30 September, despite publishing a performance that was in line with expectations
Posted: 23/10/2024
Barratt Redrow has said that the housebuilding industry is "beginning to see more stable market conditions" in its first trading update as a combined group
Posted: 23/10/2024
David Walker has been appointed as the new chief financial officer (CFO) at British Land
Posted: 23/10/2024
Wickes has recorded strong sales and volume growth in its retail business with like-for-like (LFL) sales up 4.2% in its Q3 trading update
Posted: 22/10/2024
Mulberry has rejected Frasers’ second offer of £111m to acquire the luxury handbag firm, after its majority shareholder turned down the deal last week
Posted: 22/10/2024
Pam Kaur has been appointed as group chief financial officer (CFO) at HSBC
Posted: 22/10/2024
Halfords has reported a flat sales period as the motoring and cycling retailer suggested shoppers are delaying big ticket purchases until after the Autumn Budget.
The group’s H1 like-for-like (LfL) sales were down -0.1% in the six months to 27 September
The group’s H1 like-for-like (LfL) sales were down -0.1% in the six months to 27 September
Posted: 22/10/2024
Elixirr International has announced the acquisition of US-based Hypothesis Group in a deal worth up to $45m (£34.6m)
Posted: 21/10/2024
Hollywood Bowl has posted a 7.2% increase in group revenue to a record £230.4m in its latest full-year results
Posted: 21/10/2024
The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5.9m for failing to treat its customers in financial difficulty fairly
Posted: 21/10/2024
The trustee of the Rotork Pension and Life Assurance Scheme has agreed a £70m buy-in transaction with Aviva, covering the pension benefits for 19 current pensioners and dependants and 322 deferred members
Posted: 21/10/2024
boohoo has signed a new £222m debt financing agreement that it said is "appropriate" for the next phase of the group’s development
Posted: 18/10/2024
Keywords Studios has acquired US-based AAA game development studio, Certain Affinity, for an undisclosed amount, expanding its create division
Posted: 18/10/2024
Michelle Brukwicki has been appointed as chief financial officer (CFO) designate at 4imprint Group and is set to start in the role from 9 December
Posted: 18/10/2024
N Brown has agreed to a takeover deal by the Alliance family for a cash consideration of £191m
Posted: 17/10/2024
Rentokil Initial has posted a 3.6% jump in Q3 revenue to £1.44bn as the group reported strength in its UK, European and Asian operations
Posted: 17/10/2024
Salman Mohammed has been appointed as the new chief financial officer (CFO) at CT Automotive, starting with immediate effect
Posted: 17/10/2024
AJ Bell has reported a 22% annual jump in assets under administration (AUA) to a record £86.5bn in its full-year results
Posted: 17/10/2024
The chief financial officer (CFO) at RegTech Open Project (RTOP), Paul McFadden, has resigned from his position, effective immediately
Posted: 16/10/2024
Marshalls has reported a "resilient performance in continued weak end markets", despite its revenue dropping by almost 10% to £476m in the year to September
Posted: 16/10/2024
The owner of Premier Inn, Whitbread, has posted a 22% fall in pre-tax profits to £309m in its H1 results
Posted: 16/10/2024
Mitie Group has posted a 13% climb in H1 revenue to £2.4bn, as the security services provider suggested it had benefitted from the UK’s outbreak of violence and rioting in the summer
Posted: 15/10/2024
De La Rue has agreed to sell its authentication division to New York-listed industrial technology firm, Crane NXT, for a cash consideration of £300m, in what it described a "substantial step forward"
Posted: 15/10/2024
Newspaper publishing group Reach has announced it remains on course to meet its full-year profit expectations after its digital revenue helped to offset falling print revenue in Q3
Posted: 15/10/2024
Bellway has seen its revenue drop by 30% to £2.4bn in the year to 31 July, as the housing market tries to see some improvement following the cut to the Bank of England base rate
Posted: 15/10/2024
Independent music company, All Things Considered (ATC), has appointed Deborah Lovegrove as chief financial officer (CFO) and a director of the company, with immediate effect
Posted: 14/10/2024
An “overwhelming majority” of chief financial officers (CFOs) expect to raise spending on digital technology, according to the latest CFO survey by Deloitte
Posted: 14/10/2024
easyJet has appointed Jan De Raeymaeker as its new chief financial officer (CFO), starting in the role from 20 January 2025
Posted: 14/10/2024
Frasers Group has seen its second offer for luxury handbag retailer, Mulberry, valued at £111m, rejected by the firm’s majority shareholder
Posted: 14/10/2024
Like-for-like (LFL) fees growth at Hays has fallen by 14% globally in the first quarter of its 2025 financial year, as temporary and permanent recruitments dropped
Posted: 11/10/2024
BP is anticipating a fall in earnings for the third quarter after citing weak margins at refineries and lower sales on both petrol and other oil products.
The oil giant said that upstream production in Q3 is now expected to be “broadly flat compared to the prior quarter”, with production also broadly flat in the group’s oil production business and its operations and in gas and low carbon energy
The oil giant said that upstream production in Q3 is now expected to be “broadly flat compared to the prior quarter”, with production also broadly flat in the group’s oil production business and its operations and in gas and low carbon energy
Posted: 11/10/2024
Oxford Metrics is set to acquire the measurement specialist firm, Sempre Group Holdings, for £5.5m
Posted: 11/10/2024
The Church of England Pensions Board has completed a £145m buy-in with Aviva, meaning that all pensions within the Church Workers Pension Fund (CWPF) Defined Benefit (DB) Scheme are now backed by insurance policies
Posted: 11/10/2024
Unilever has sold its Russian business for €520m (£435m)
Posted: 10/10/2024
The Financial Conduct Authority (FCA) has fined TSB Bank £10.9m for failing to ensure that customers who were in arrears were treated fairly
Posted: 10/10/2024
Direct Line has announced the appointment of Jane Poole as the insurance group’s new chief financial officer (CFO)
Posted: 10/10/2024
Tritax EuroBox has agreed to a takeover bid from Canadian investment firm, Brookfield, for just over £1.1bn
Posted: 10/10/2024
The Michelin Pension and Life Assurance Plan has agreed a £1.5bn full-scheme buy-in with Aviva, covering the retirement benefits of around 15,000 members of the scheme
Posted: 10/10/2024
Pod Point has announced that its chief financial officer (CFO), David Wolffe, is stepping down
Posted: 09/10/2024
Pub operator Marston’s has posted a 5.8% jump in annual retail sales to outperform the broader pub market
Posted: 09/10/2024
Revolution Beauty has posted a 20% drop in sales in the first half of its 2025 financial year, in what one analyst described an "ugly" set of results
Posted: 09/10/2024
Mining firm, Rio Tinto, has had a $6.7bn (£5.12bn) takeover bid accepted for US chemical company, Arcadium Lithium
Posted: 09/10/2024
Shein UK has recorded revenue of £1.55bn in 2023, as the firm looks to float on the London Stock Exchange
Posted: 08/10/2024
Water companies have been ordered to return a collective £157.6m to customers via lower bills next year after the water regulator announced they had fallen behind on meeting key targets
Posted: 08/10/2024
Vistry Group has seen its shares drop by almost a third as it warned its profits were set drop by a fifth
Posted: 08/10/2024
Imperial Brands has announced it will increase the amount it intends to return to shareholders in 2025 after revealing its trading performance was in line with expectations.
The Bristol-headquartered tobacco company said it would increase shareholder returns in FY25 to £2.8bn, revised upwards from a £2.4bn commitment in FY24
The Bristol-headquartered tobacco company said it would increase shareholder returns in FY25 to £2.8bn, revised upwards from a £2.4bn commitment in FY24
Posted: 08/10/2024
Brooks Macdonald has agreed to acquire LIFT-Financial Group and LIFT-Invest for up to £45m, subject to financial targets
Posted: 08/10/2024
Engineering services group, Renew Holdings, has announced the acquisition of Full Circle Group in a deal worth £50.5m
Posted: 07/10/2024
The chief executive officer (CEO) at the John Lewis Partnership (JLP), Nish Kankiwala, will return to the role of non-executive, as part of an "ongoing transformation" at the firm
Posted: 07/10/2024
Rio Tinto has made an approach to acquire Philadelphia-based chemical firm, Arcadium Lithium
Posted: 07/10/2024
Wetherspoons is set to pay out final dividends to shareholders for the first time since the COVID pandemic
Posted: 04/10/2024
The chief financial officer (CFO) at Distribution Finance Capital Holdings (DF Capital), Gavin Morris, has stated his intent to retire at the end of 2025
Posted: 04/10/2024
The Retreat York Pension Scheme has agreed a £30m full scheme buy-in with Royal London, securing the benefits of 202 pensioners and 108 deferred members
Posted: 04/10/2024
Property developer Hammerson has successfully launched and priced a £400m bond with a maturity of 12 years
Posted: 03/10/2024
Tesco has posted a 15.8% jump in H1 adjusted operating profit to £1.6bn as the supermarket chain said a focus on value had helped it negotiate the cost of living crisis
Posted: 03/10/2024
Thomas Miller & Co Ltd Retirement Benefits Scheme has completed a £140m full-scheme buy-in with Aviva, covering all members of the scheme
Posted: 03/10/2024
AO World has agreed to acquire the online second-hand retailer musicMagpie in a deal worth an estimated £10m
Posted: 02/10/2024
Hansard Global has appointed Ollie Byrne has its new chief financial officer (CFO)
Posted: 02/10/2024
JD Sports has seen its revenue jump by 5.2% year-on-year in the six months to 3 August to £5.03bn, a company record
Posted: 02/10/2024
The Financial Conduct Authority (FCA) has handed a £29m fine to Starling Bank for financial crime failings related to its financial sanctions screening
Posted: 02/10/2024
Saltus has acquired Tavistock Partners and the assets of Tavistock Partners (UK), including the Abacus and Duchy brands, in a deal worth up to £37.75m
Posted: 01/10/2024
Pfizer has offloaded a £2.4bn stake in consumer healthcare group, Haleon, which has confirmed it intends to buy back £230m worth of the shares
Posted: 01/10/2024
Greggs has seen its like-for-like (LFL) sales increase by 12.7% in the year-to-date, while its total sales for the third quarter increased by 10.6% in the 13 weeks to 28 September
Posted: 01/10/2024
Specialist lender Together has promoted Chris Adams to the role of chief financial officer (CFO) with immediate effect
Posted: 01/10/2024
Mulberry has rejected an £83m offer from Frasers Group to acquire the firm
Posted: 01/10/2024
REA Group has seen its latest offer of £6.2bn for Rightmove rejected, leading to walk away from the deal
Posted: 30/09/2024
Celadon Pharmaceuticals has confirmed that its chief financial officer (CFO), Jonathan Turner, will leave his position on the board on 27 December
Posted: 30/09/2024
Frasers Group has made an offer to acquire Mulberry for £83m, adding to its 37% stake in the luxury handbag firm
Posted: 30/09/2024
Aston Martin has lowered its profit expectations for 2024 after the car manufacturer blamed supply chain disruption and “continued macroeconomic weakness” in China
Posted: 30/09/2024
Rothesay generated new business premiums of £9.5bn in H1 2024, according to its trading and financial performance for H1 2024
Posted: 27/09/2024
Schroders has confirmed that Meagen Burnett will be appointed the group’s new chief financial officer (CFO)
Posted: 27/09/2024
Eneraqua Technologies has appointed John Samuel as its new chief financial officer (CFO)
Posted: 27/09/2024
abrdn Property Income Trust Limited (API) has entered into an agreement with GoldenTree Asset Management to sell its portfolio for £351m
Posted: 27/09/2024
The Competition and Markets Authority (CMA) has handed a £25,000 fine to Tereos in relation to the firm’s deal with T&L Sugars (TLS)
Posted: 26/09/2024
Morrisons has sold the ground leases on 76 of its supermarkets as part of a move to raise £331m to cut its debt
Posted: 26/09/2024
Diageo has said that its trading expectations are unchanged from its results in July, despite the "challenging" global environment for the firm and the industry
Posted: 26/09/2024
Matthew Boyle has been appointed as the new chief financial officer (CFO) at accesso Technology Group
Posted: 26/09/2024
DFS has reported a £1.7m loss before tax in the year to 30 June, as the furniture retailer blamed shipping disruption in the Red Sea as well as “record low” market demand
Posted: 25/09/2024
Rightmove has rejected REA Group’s third acquisition bid made earlier this week, which was valued at £6.1bn.
The property firm said the third bid, made earlier this week, was “unattractive and materially undervalues the company and its future prospects”
The property firm said the third bid, made earlier this week, was “unattractive and materially undervalues the company and its future prospects”
Posted: 25/09/2024
LondonMetric has acquired a six single let urban logistics property portfolio from a FTSE 100 pension fund for £78m
Posted: 25/09/2024
Aviva Investors has acquired a purpose-built student accommodation (PBSA) property in Glasgow for £23m
Posted: 24/09/2024
TUI has stated that it expects its full-year underlying operating profit to increase by at least 25%, after it recorded strong booking momentum going into Q4
Posted: 24/09/2024
Card Factory has posted a 43.3% decline in profit before tax in its first half results, as the card retailer’s profits slipped to £14.0m in the six months to 31 July
Posted: 24/09/2024
NewRiver REIT has reached an agreement with Capital & Regional to acquire the firm for £147m
Posted: 24/09/2024
Literacy Capital has launched a new revolving credit facility (RCF) with OakNorth Bank, replacing its existing £30m facility, which was due to expire in December
Posted: 23/09/2024
Gamma Communications has announced the acquisition of Placetel, a German cloud communications business, from Cisco
Posted: 23/09/2024
Nest has agreed a partnership with Legal & General (L&G) and Dutch pension fund, PGGM, collectively investing up to £1bn into build to rent schemes across the UK
Posted: 23/09/2024
REA Group has made a third offer to acquire the British property firm, Rightmove, for £6.1bn
Posted: 23/09/2024
Neo Energy Metals has announced the appointment of Andrew Searle as the company’s new chief financial officer (CFO)
Posted: 20/09/2024
Thames Water has announced it is seeking fresh repayment terms, after confirming that it had access to around £1.6bn
Posted: 20/09/2024
Volution has agreed to acquire Fantech Group in Australasia from UK-based Elta Group for £144m
Posted: 20/09/2024
The UK operator of TGI Fridays, Hostmore, has gone into administration, putting over 4,500 jobs at risk
Posted: 19/09/2024
Ocado Retail, the joint venture between Ocado Group and Marks & Spencer (M&S), has posted a 15.5% jump in Q3 revenue to £658m
Posted: 19/09/2024
Next has increased its profit guidance by £15m to £995m for the full financial year, after it beat expectations in the first six weeks of its second half
Posted: 19/09/2024
The winners at the first ever Corporate Finance Awards were announced last night via a video broadcast
Posted: 19/09/2024
Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management for an equity value of up to £200m
Posted: 19/09/2024
Revenue at PZ Cussons has dropped by 19.6% to £527.9m in the year to 31 May 2024, after its Nigerian market was affected by the devaluation of the Nigerian Naira
Posted: 18/9/2024
The Merseyside Pension Fund has completed a £200m buy-in with Aviva, securing the benefits of around 2,500 scheme members, attributable to Arriva Merseyside Ltd
Posted: 18/09/2024
Games Workshop has issued a 23-word statement in which it said its trading was "in line" with expectations in the first three months of its current financial year
Posted: 18/09/2024
Legal & General has agreed to sell housebuilder group Cala for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital
Posted: 18/09/2024
Pret A Manger has reported that its global sales topped £1.1bn last year as the UK sandwich chain expanded internationally
Posted: 17/09/2024
Flutter Entertainment has acquired the Italian firm, Snaitech (Snai) for a cash consideration of €2.3bn (£1.94bn)
Posted: 17/09/2024
Phoenix Group has “discontinued” the Sunlife sale process as the firm reported a solid increase in H1 profit
Posted: 17/09/2024
Kingfisher has seen its shares increase by around 7% in early trading, after the firm published its half year results, making it the top FTSE 100 gainer
Posted: 17/09/2024
Schroders has been appointed by Metfriendly to manage a £270m investment portfolio
Posted: 16/09/2024
TT Electronics has stated that its second half revenue is expected to be between £15m-20m lower than previously expected, after “weak” trading results in August
Posted: 16/09/2024
Cordel Group has announced that Natasha Dinneen has been appointed as the group’s permanent chief financial officer (CFO)
Posted: 16/09/2024
TI Fluid Systems has rejected two acquisition offers from Canadian rival firm, ABC Technologies, with the latest valued at £870m
Posted: 16/09/2024
Pension Insurance Corporation (PIC) has reported a “strong” H1, with record numbers of pensions insured and policyholder pension payments made, despite new business being down on last year, according to its half-year results
Posted: 13/09/2024
Flutter has acquired a 56% stake in Brazilian operator of the Betnacional brand, NSX Group, for a cash consideration of $350m (£266m)
Posted: 13/09/2024
The £16.5bn merger between Vodafone and Three could result in higher bills for tens of millions of customers, the Competition and Markets Authority (CMA) has said
Posted: 13/09/2024
Revenue at Kier Group has increased by 17% to almost £3.97bn in the year to 30 June, which the firm said was driven by "strong operational delivery across divisions"
Posted: 12/09/2024
Fever-Tree has seen a minimal increase in its revenue in the first half of the year, leading the drinks brand to drop its forecasted revenue for the full year to between 4-5%
Posted: 12/09/2024
ITM Power has appointed Amy Grey as its new chief financial officer (CFO)
Posted: 12/09/2024
Katherine Jones has been appointed as the new chief financial officer (CFO) at Brooks Macdonald
Posted: 12/09/2024
Schroders Capital has raised more than $2.6bn for direct and co-investments in private equity since January 2022, the firm has revealed
Posted: 11/09/2024
WH Smith has announced the launch of a £50m share buyback after delivering a strong set of Q4 results through its peak trading period
Posted: 11/09/2024
Rightmove has rejected a takeover approach valued at £5.6bn by Australian rival, REA Group.
The offer by REA, which is backed by Rupert Murdoch’s News Corp, was described by Rightmove as “wholly opportunistic”
The offer by REA, which is backed by Rupert Murdoch’s News Corp, was described by Rightmove as “wholly opportunistic”
Posted: 11/09/2024
Advertising group WPP has announced the acquisition of independent creative and customer experience agency, New Commercial Arts (NCA)
Posted: 10/09/2024
Trifast has announced that its current interim chief financial officer (CFO), Kate Ferguson, will take the CFO role on a permanent basis
Posted: 10/09/2024
The Charities Aid Foundation Pension Scheme has completed a £12m buy-in with Just Group, securing the retirement benefits of 64 pensioners and 155 deferred members
Posted: 10/09/2024
Aldi has announced its largest ever package of annual investment to accelerate the supermarket’s expansion across the UK
Posted: 09/09/2024
Flows of new money into the Seed Enterprise Investment Scheme (SEIS) have “surged” since the General Election in early July, according to Wealth Club
Posted: 09/09/2024
Barratt Developments has entered a joint venture with Homes England and Lloyds Banking Group
Posted: 09/09/2024
Asos has agreed to sell its majority stake in the Topshop and Topman (TSTM) brands to holding company Heartland in a deal worth £135m
Posted: 05/09/2024
The Government has extended the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) Scheme by 10 years to 5 April 2035
Posted: 05/09/2024
Vistry has posted a 10% jump in profits to £227.3m in its opening half results as the housebuilder suggested it is confident in delivering the Labour Government’s new housing targets
Posted: 05/09/2024
Property developer Segro has confirmed it will acquire Tritax EuroBox in a deal worth £552m
Posted: 04/09/2024
Direct Line has returned to profitability after posting an operating profit of £63.7m in its first half results, bouncing back from a £93.7m operating loss in H1 last year
Posted: 04/09/2024
The Coats UK Pension Scheme has completed a £1.3bn buy-in with Pension Insurance Corporation, covering the remaining 80% of the scheme’s liabilities
Posted: 04/09/2024
The Competition and Markets Authority (CMA) has cleared T&L Sugars’ (TLS’) deal to buy Tereos UK & Ireland’s retail sugar business
Posted: 03/09/2024
Railpen has acquired a 25% stake in Nordic municipal waste collection operator, Verdis
Posted: 03/09/2024
Ashtead Group has announced that its chief financial officer (CFO), Michael Pratt, has notified the board of his intention to retire in September 2025
Posted: 03/09/2024
Oxford Biomedica has confirmed the appointment of Lucinda Crabtree to the role of chief financial officer (CFO) and board member
Posted: 02/09/2024
LondonMetric Property has transacted on £70m of warehouse acquisitions and £50m of non-core disposals
Posted: 02/09/2024
Two funds managed by specialist alternative asset manager Gresham House, Mobeus Income & Growth VCT and The Income & Growth VCT, have launched a £70m share offer with an over-allotment option of £20m
Posted: 02/09/2024
Anthony Clayden has been appointed as part-time head of finance at Crossword Cybersecurity, replacing the firm’s former chief financial officer (CFO), Rose Clark, who stepped down from the role earlier this month
Posted: 30/08/2024
UK-based startups raised $9bn (£6.8bn) in funding through 704 venture capital (VC) deals between January and July this year
Posted: 30/08/2024
The Scottish Milk Limited Retirement Benefits Plan has completed a £42m buy-in with Just Group, securing retirement benefits for all 452 members of the scheme, including 292 pensioners and a further 160 deferred members
Posted: 30/08/2024
Legal & General (L&G) has funded a new £85m investment with housing association, Anchor, which will use the proceeds primarily to fund the development of new affordable energy efficient homes
Posted: 29/08/2024
Sainsbury’s has invested £130m to acquire 10 leasehold stores from Homebase
Posted: 29/08/2024
Drax is set to pay £25m in voluntary redress after an Ofgem investigation found that it misreported data on the sourcing of wood pellets used at its power plant in North Yorkshire
Posted: 29/08/2024
Software firm essensys has announced the appointment of Greg Price as its new chief financial officer (CFO)
Posted: 29/08/2024
Prudential has posted an 81% fall in net profit to $182m (£138m) in its opening half results, down significantly from the $947m (£717m) the group reported in H1 last year
Posted: 28/08/2024
Frasers Group has purchased a 14.65% strategic investment in performance and lifestyle retail firm, Accent Group
Posted: 28/08/2024
MindGym has appointed Emily Fyffe as its new chief financial officer (CFO), replacing Dominic Neary, who is stepping down from the role later this year to pursue a new opportunity
Posted: 28/08/2024
Naked Wines has announced the appointment of Dominic Neary as the group’s new chief financial officer (CFO)
Posted: 28/08/2024
A social impact investment fund deployed to help diverse social entrepreneurs has now helped more than 65,000 people facing systemic inequities across the UK
Posted: 27/08/2024
Bunzl has increased its adjusted operating guidance, driven by improved margin performance and acquisitions, as its share value reached a record high
Posted: 27/08/2024
Shearwater Group has appointed Jonathan Hall as its new chief financial officer (CFO)
Posted: 27/08/2024
Pub operator Fuller, Smith & Turner (Fuller’s) has concluded a share buyback programme announced earlier this year and repurchased one million ‘A’ ordinary shares for a total £6.7m
Posted: 23/08/2024
Direct Line has updated its 2023 annual results after identifying a “miscalculation” within its audited Solvency II own funds
Posted: 23/08/2024
William Hill owner, evoke, has confirmed the acquisition of New Gambling Solutions (NGS), which operates Winner.ro, an online betting and gaming operator in Romania
Posted: 23/08/2024
Travelodge has reported a 1.7% rise in revenue to £486.7m in its opening half results, despite a fall in earnings
Posted: 22/08/2024
Hays has seen its annual profit before tax sink to £14.7m, from £192.1m last year, as the recruitment firm acknowledged it had experienced “increasingly challenging market conditions”
Posted: 22/08/2024
Like-for-like (LFL) sales at JD Sports have increased by 2.4% in the second quarter, with first half sales increasing 0.7%, as its multi-brand operating model strengthened
Posted: 22/08/2024
McDonald’s has announced plans to invest £1bn over the next four years in order to open 200 new restaurants, creating more than 24,000 new jobs across the UK
Posted: 22/08/2024
Costain Group has posted a jump in reported operating profit to £13.9m in its first half, up from £7.6m in H1 last year
Posted: 21/08/2024
Waitrose has launched plans to invest £1bn in its stores, with 100 new shops set to open in the next three years
Posted: 21/08/2024
National Express owner Mobico Group has reported a 23.8% rise in profits in its opening half results
Posted: 21/08/2024
Watkin Jones has reduced its profit guidance for the next financial year as the pace of its recovery has been "slower than expected"
Posted: 21/08/2024
Professional services business JTC is to acquire the Buck UK and European Share Plan Administration and Trustee businesses from Arthur J. Gallagher & Co, subject to regulatory approval
Posted: 20/08/2024
Pawnbroker firm H&T Group has announced a 12.5% rise in profit before tax to £9.9m in its first half results
Posted: 20/08/2024
Revenue at Zoo Digital Group has fallen by 55% year-on-year to $40.6m (£31.15m) in what the firm has described an "extremely challenging year"
Posted: 20/08/2024
John Wood Group has seen its operating costs fall from a profit of $23m (£17.7m) to a loss of $899m (£691m) in the first half of the 2023 and 2024 financial years respectively
Posted: 20/08/2024
The Macmillan Cancer Support Pension Scheme has agreed a £33.7m buy-in with Aviva, covering all of the scheme’s retirees and deferred members, and their beneficiaries
Posted: 19/08/2024
Barratt Developments has stated that it will press on with its merger with Redrow, despite ongoing concerns from the Competition and Markets Authority (CMA)
Posted: 19/08/2024
Caledonia Investments has invested £55m to acquire a majority stake in Direct Tyre Management (DTM)
Posted: 19/08/2024
Ted Baker is set to close all of its remaining 31 stores by tomorrow, with more than 500 jobs at risk
Posted: 19/08/2024
AlphaReal has structured and invested in a portfolio of 28 childcare facilities located across the UK on behalf of Just Group
Posted: 16/08/2024
The Financial Conduct Authority (FCA) has handed a £15m fine to PwC for failing to report to the regulator its belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity
Posted: 16/08/2024
A secondary share sale at Revolut has valued the firm at $45bn (£35bn), making it the most valuable private tech company in Europe
Posted: 16/08/2024
Revenue at ITM Power reached £16.5m in the year to 30 June, increasing by over threefold year-on-year and remaining within its £10m-18m guidance
Posted: 15/08/2024
Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, has acquired 100% of the issued share capital of Magsputter in a £12.3m cash deal
Posted: 15/08/2024
Profit before tax at Admiral increased by almost a third (32%) in the first half of 2024 year-on-year, while its customer numbers also jumped by 12%
Posted: 15/08/2024
OSB Group has reported a fall in originations to £1.9bn in its opening first half, down from £2.3bn in H1 2023
Posted: 15/08/2024
The chief financial officer (CFO) at Crossword Cybersecurity, Rose Clark, has stepped down from the role with immediate effect
Posted: 14/08/2024
Aviva has reported a 14% rise in H1 adjusted operating profit to £875m
Posted: 14/08/2024
Balfour Beatty has seen its pre-tax profit jump to £112m in its first half results, up from £82m a year ago
Posted: 14/08/2024
Flutter Entertainment has seen its revenue increase by 20% in the second quarter to £3.6bn, as it enters into talks to acquire the Italian arm of London-listed firm, Playtech, in a deal that could be worth up to £2bn
Posted: 14/08/2024
Dowlais Group has reported a 9.2% fall in revenue as the group’s first half profits were hit by a slowdown in electric vehicle (EV) production
Posted: 13/08/2024
Shares at Crest Nicholson have fallen after Bellway announced that it was no longer interested in a takeover deal of the housebuilding firm.
The firm has not given a reason for walking away from the deal, having had its bid of £720m by Crest Nicholson rejected in July
The firm has not given a reason for walking away from the deal, having had its bid of £720m by Crest Nicholson rejected in July
Posted: 13/08/2024
Just Group has posted a 44% jump in its underlying operating profit to £249m in its first half results
Posted: 13/08/2024
Genuit Group has seen its profit before tax drop annually by 48.5% to £15.3m in the six months to 30 June, as the drainage, air conditioning and heating market "remains subdued"
Posted: 13/08/2024
Keywords Studios has acquired Liverpool-based game development studio, Wushu Studios, for an undisclosed amount
Posted: 13/08/2024
Marshalls has reported a 13% dip in its first half revenue after citing subdued housing repair and maintenance markets
Posted: 12/08/2024
HSS Hire has confirmed that Richard Jones has assumed the role of the group’s interim chief financial officer (CFO)
Posted: 12/08/2024
Bharti Global is set to acquire a 24.5% share in BT Group from Altice UK, making it the majority shareholder in the British telecommunications firm
Posted: 12/08/2024
The British Business Bank recorded a loss of £122m in the 2023/24 financial year, new figures have shown
Posted: 09/08/2024
Bellway has recorded "another resilient performance" in what it describes as "challenging operating conditions", as customer confidence in the housing market continues to grow
Posted: 09/08/2024
Hargreaves Lansdown has formally agreed to a takeover deal by a consortium of private equity firms which values the wealth management platform at £5.4bn
Posted: 09/08/2024
An unnamed pension scheme has completed a £47.5m buy-in deal with Canada Life, covering 355 deferred and 207 pensioner members
Posted: 09/08/2024
The Competition and Markets Authority (CMA) has raised concerns about the proposed merger between housebuilding firms Barratt Developments and Redrow
Posted: 08/08/2024
Assura has acquired the UK private hospital portfolio of Northwest Healthcare Properties REIT for a cash consideration of £500m
Posted: 08/08/2024
Entain has increased the guidance for its full year revenue after narrowing its losses in the first six months of 2024
Posted: 08/08/2024
Persimmon has seen its revenue increase by over 10% annually in the first half of the year to £1.32bn, as it beat the previous year’s number of home completions
Posted: 08/08/2024
Profit before tax at Ibstock has fallen by 60% year-on-year in the first half of its financial year, reaching £12m in the six months to 30 June
Posted: 07/08/2024
Rightmove has confirmed the appointment of Ruaridh Hook as its new chief financial officer
Posted: 07/08/2024
UK startups secured $7.7bn (£6.0bn) in venture capital (VC) funding during the first half of 2024, new figures published by GlobalData have revealed
Posted: 07/08/2024
Legal & General (L&G) has increased its expectations for the rest of the financial year, after it upped its dividend pay out for shareholders
Posted: 07/08/2024
Fuller, Smith and Turner has completed the acquisition of Lovely Pubs for £22.5m
Posted: 06/08/2024
YouGov has said that it now expects its revenues for the current financial year to reach between £327-330m, while its operating profit is set to hit between £43m-46m
Posted: 06/08/2024
abrdn has reported a return to profitability after posting £187m in profit before tax in its first half results, compared with a £169m in H1 loss last year
Posted: 06/08/2024
Three of the UK’s water companies are facing fines totalling £168m for failing to manage their wastewater treatment works and networks
Posted: 06/08/2024
Domino’s has seen its profit before tax fall by 35.2% year-on-year in the first half of the year to £59.4m, leading to drop its guidance for the rest of the financial year
Posted: 06/08/2024
Profit before tax at Clarkson has fallen by 3% year-on-year to £51.5m, while its earnings per share fell by the same amount to 129.1 pence per share
Posted: 05/08/2024
Ebiquity has announced that Julia Hubbard has stepped down from her role as chief financial officer (CFO)
Posted: 05/08/2024
Sidara has pulled out of the potential purchase of the British oil services firm, John Wood Group, citing "geopolitical risks and financial market uncertainty" as the reason
Posted: 05/08/2024
Intertek has lifted its dividend after reporting a 6.6% growth in revenue to £1.67bn in its first half results
Posted: 02/08/2024
Capita has reported a 9% fall in revenue to £1.2bn in its first half results as the outsourcing group confirmed it is to continue with the cost-cutting operations it announced last year
Posted: 02/08/2024
Aston Martin has raised £135m through the successful private placement of senior secured notes to strengthen the group’s financial position
Posted: 02/08/2024
The SCA UK Pension Plan has completed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, securing the benefits of 5,900 retirees and 3,600 deferred members
Posted: 02/08/2024
BAE Systems has increased its profit guidance for the year after posting a 13% rise in group sales to £13.4bn in its first half results
Posted: 01/08/2024
Barclays is set to launch a new £750m share buyback programme and has upgraded its longer term earnings guidance, after an improvement in its trading income offset a 9% drop in profit in H1 2024
Posted: 01/08/2024
Shell has seen its profits for the quarter reach $6.3bn (£4.92bn) in the first half of the year, beating previous expectations
Posted: 01/08/2024
Next has posted a 3.2% rise in its second quarter full prices sales, as the clothing retailer exceeded its own expectations by £42m
Posted: 01/08/2024
Rolls-Royce has announced plans to pay out a dividend to shareholders for the first time since the pandemic, as it increased its profit expectations for the financial year
Posted: 01/08/2024
Like-for-like (LFL) sales at Wickes have dropped by 3.9% year-on-year, with retail revenue growth increasing by just 0.6%
Posted: 31/07/2024
HSBC has announced that Jonathan Bingham has been appointed as the bank’s interim group chief financial officer (CFO)
Posted: 31/07/2024
Publishing group Reach has reported a 23.1% rise in operating profit to £44.5m in the six months to the end of June
Posted: 31/07/2024
Taylor Wimpey has reported a 7.3% fall in its half year revenue to £1.5bn in the six months to the end of June
Posted: 31/07/2024
GSK has increased its full-year sales and profits estimates in its second quarter results, after sales of cancer, HIV and other speciality medicines jumped in the period
Posted: 31/07/2024
NatWest has successfully issued its first electric vehicle (EV) green bond, raising net proceeds of €750m (£631.5m) from institutional investors
Posted: 30/07/2024
BP is set to hand out $7bn (£5.45bn) to shareholders throughout 2024 after it beat profit expectations in the second quarter of the year
Posted: 30/07/2024
Drinks giant Diageo has reported a 1.4% decline in global sales to $20.3bn in the year to the end of June, the group’s first fall in sales since the COVID pandemic
Posted: 30/07/2024
Sales have beaten expectations at Greggs in the first half of the year, with the bakery firm recording a 13.8% increase to £960.6m
Posted: 30/07/2024
Fintel has grown its revenue by 13.3% in its first half results after reporting several acquisitions had helped the group’s expansion
Posted: 30/07/2024
Software provider Dotdigital has reported a 14.1% rise in its annual revenue to £79m for the year to 30 June
Posted: 29/07/2024
Group revenue at Cranswick has increased by 6.7% year-on-year in the first quarter of its financial year, with results being driven by "strong volume growth", leading to business wins and a return to promotional activity
Posted: 29/07/2024
Education group Pearson has reported a 4% increase in its underlying adjusted operating profit to £250m in its H1 results
Posted: 29/07/2024
Evri is set to take on a further 9,000 members of staff across key locations, after the courier firm was acquired by Apollo Global Management last week for £2.7bn
Posted: 29/07/2024
NatWest has agreed a deal with Metro Bank to acquire its mortgage portfolio, valued at £2.5bn.
The Metro Bank portfolio has a weighted average current LTV of 62%, and the acquisition will see around 10,000 customer accounts be transferred over to NatWest
The Metro Bank portfolio has a weighted average current LTV of 62%, and the acquisition will see around 10,000 customer accounts be transferred over to NatWest
Posted: 26/7/2024
Unilever has seen its underlying operating profit increase by 17.1% in the first half of its financial year to €6.1bn (£5.8bn)
Posted: 25/7/2024
Lloyds Bank has increased its dividend by 15% to 1.06 pence per share, after the banking firm saw its profits fall year-on-year in the first half of its current financial year.
Profit before tax at the banking group, which includes Halifax and Bank of Scotland, reached £2.4bn in the half year to 30 June, a 9% drop year-on-year, as a result of operating costs increasing by 7%, which included the Bank of England levy
Profit before tax at the banking group, which includes Halifax and Bank of Scotland, reached £2.4bn in the half year to 30 June, a 9% drop year-on-year, as a result of operating costs increasing by 7%, which included the Bank of England levy
Posted: 25/7/2024
A group of unnamed pension schemes in the travel catering industry have completed a £100m buy-in with Standard Life, securing the benefits of the around 2,100 members across the schemes
Posted: 25/7/2024
Gurvinder Kaur has been appointed as chief financial officer (CFO) at designer, developer, distributor and retailer of sports, leisure and mobility equipment, Tandem Group
Posted: 24/7/2024
Profits at EasyJet have increased by 16% year-on-year to £236m, as its passenger growth jumped by 8% in the same period
Posted: 24/7/2024
Ascential has agreed to a takeover deal by FTSE 100-listed events firm, Informa, for approximately £1.2bn.
As part of the deal, Informa will pay 568 pence per share for the firm that owns the Cannes Lions advertising festival, representing a premium of 53% of its closing price on Monday
As part of the deal, Informa will pay 568 pence per share for the firm that owns the Cannes Lions advertising festival, representing a premium of 53% of its closing price on Monday
Posted: 24/7/2024
The BBC is set to cut 500 jobs in order to save £200m and push for a "transformation" of the group.
In the 2023/24 financial year, revenue at the broadcaster dropped by 6% from £5.725bn to £5.39bn, with an operating deficit increasing by £70m to £263m in the same period
In the 2023/24 financial year, revenue at the broadcaster dropped by 6% from £5.725bn to £5.39bn, with an operating deficit increasing by £70m to £263m in the same period
Posted: 23/7/2024
UK insurers and pension funds have backed plans for a public-private blended finance model to help navigate investment risk and drive "billions" of private finance into "green and good" infrastructure
Posted: 23/7/2024
Tapi Carpets & Floors has purchased 54 Carpetright stores in a rescue deal that was only able to save a fifth of its locations
Posted: 23/7/2024
Harland & Wolff is hanging in the balance as the Government announced that it would not provide financial support for the shipbuilding firm
Posted: 22/7/2024
Siobhan Martin has been appointed as the new chief financial officer (CFO) at provider of ultra-complex chips for global technology brands, Sondrel
Posted: 22/7/2024
Vodafone has announced the sale of a further 10% stake in Oak Holdings, the partnership that co-controls Vantage Towers, for €1.3bn (£1.1bn)
Posted: 22/7/2024
Hammerson has sold its stake in Retail Value for luxury market investor, L Catterton, for £1.5bn
Posted: 22/7/2024
The chief executive officer (CEO) at Harland & Wolff, John Wood, has stood down from the role as the firm looks to fundraise in order to avoid collapse
Posted: 19/7/2024
SEGRO has disposed of a portfolio of logistics warehouses in Italy for a total cash consideration of £275.5m
Posted: 19/7/2024
The London Stock Exchange (LSE) is one of many organisations to be affected by the global outage that has been attributed to a Windows update.
Cybersecurity firm, Crowdstrike, has blamed an issue with one of its updates for Windows, saying that the problem has been "identified, isolated and a fix has been deployed"
Cybersecurity firm, Crowdstrike, has blamed an issue with one of its updates for Windows, saying that the problem has been "identified, isolated and a fix has been deployed"
Posted: 19/7/2024
Rob Whittick has been appointed as chief financial officer (CFO) at provider of global mobile payments solutions, Boku
Posted: 18/7/2024
SSE has seen its renewable energy output jump by 60% in its 2024 financial year’s first quarter year-on-year
Posted: 18/7/2024
Profit before tax at Frasers Group has increased by 13.1% year-on-year to £544.8m, which was in the top end of its guidance range, with its brand, Sports Direct, leading the way in sales
Posted: 18/7/2024
HSBC has named Georges Elhedery as its new group chief executive officer (CEO), effective from 2 September
Posted: 17/7/2024
The Haberdashers Company Pension Scheme has completed a £3m buy-in with Just Group, covering the benefits of an undisclosed number of members and deferred members
Posted: 17/7/2024
Oxford Biomedica has appointed Lucinda Crabtree as its new chief financial officer (CFO), as Stuart Paynter steps down from the role after almost seven years in the position
Posted: 17/7/2024
Group revenue at B&M jumped by 2.4% to £1.34bn in the first quarter of its financial year, as it opened 19 gross UK stores in the 13 weeks to 29 June 2024
Posted: 16/07/2024
Ofwat has expanded its investigation into wastewater treatment meaning all 11 water and wastewater companies in England and Wales are now facing scrutiny over sewage spills.
The water regulator has opened enforcement cases into four more companies – Dŵr Cymru Welsh Water, Hafren Dyfrdwy, Severn Trent and United Utilities – in relation to the operation of their wastewater businesses
The water regulator has opened enforcement cases into four more companies – Dŵr Cymru Welsh Water, Hafren Dyfrdwy, Severn Trent and United Utilities – in relation to the operation of their wastewater businesses
Posted: 16/07/2024
Ocado has seen its group revenue increase by 12.6% year-on-year to £1.5bn, as the firm’s losses dropped by almost 47% to £154m in the same period
Posted: 16/07/2024
Specialist property services group, Kinovo, has reached an agreement to terminate its contract for the ninth legacy project of its former construction subsidiary, DCB (Kent), for a cash consideration of £2.2m
Posted: 16/07/2024
The Government has sold off more shares in NatWest to take its stake in the bank below 20%
Posted: 15/07/2024
Tertre Rouge Assets has announced that it is to delist from the London Stock Exchange (LSE), after failing to acquire a super car road trip company
Posted: 15/07/2024
Burberry has issued another profit warning for the 2025 financial year, as its chief executive officer (CEO), Jonathan Akeroyd, stepped down from the role
Posted: 15/07/2024
Aviva Investors has agreed to forward fund the creation of 101 single-family homes in Cambridge, continuing its development partnership with Packaged Living
Posted: 15/07/2024
The Financial Conduct Authority is overhauling its listing rules in an effort to boost growth in the UK stock markets
Posted: 12/07/2024
Graphcore has been acquired by Japanese firm, SoftBank, for an undisclosed amount, in a deal that secures the firm’s future
Posted: 12/07/2024
Impax Asset Management has closed the acquisition of Danish fixed income manager Absalon Corporate Credit’s assets
Posted: 12/07/2024
Superdry has delisted from the London Stock Exchange (LSE) after spending 14 years on the market
Posted: 12/07/2024
Water utility firm Pennon Group has announced that its chief financial officer (CFO), Steve Buck, has decided to step down from the role for personal reasons
Posted: 11/07/2024
Dr Martens has said that its trading since the start of its financial year has been in line with expectations, with analysts stating that this has led to investors breathing a "sigh of relief"
Posted: 11/07/2024
Distribution firm Bunzl has confirmed the acquisition of two new business in Spain and the Netherlands
Posted: 11/07/2024
Jet2 has seen its profit before tax increase by 43% in the year to 31 March, to stand at £529.5m
Posted: 11/07/2024
Barratt Developments expects its number of home completions to drop to between 13,000 and 13,500 in the 2025 financial year, despite the pledge by the new Labour Government to develop 1.5 million new homes in the next five years
Posted: 10/07/2024
Wetherspoons has sold 26 pubs in the year to 7 July for £8.7m, despite like-for-like (LFL) increasing by 7.7% in the same period
Posted: 10/07/2024
The trustees of the Institution of Civil Engineers (ICE) Staff Retirement Benefits & Life Assurance Scheme have completed a £35m full scheme buy-in with Aviva, covering the benefits of all 300 members of the scheme
Posted: 10/07/2024
Pictet Alternative Advisors, the alternative investment business of the Pictet Group, has confirmed that its direct private equity team has acquired Technology Services Group (TSG), a provider of managed IT services
Posted: 10/07/2024
Vistry Group has reported a 10% rise in its adjusted operating profit to £227m in its first half results
Posted: 09/07/2024
Capita has agreed to sell its standalone software business, Capita One, to Orchard Information Systems in a deal valued at £207m
Posted: 09/07/2024
Dyson has said that it could cut up to 1,000 jobs from its UK workforce, as it looks to partake in a global restructure
Posted: 09/07/2024
Davies has appointed Amber Wilkinson to the role of group chief financial officer (CFO), replacing Tony Debiase, who is stepping down after 12 years in the role
Posted: 09/07/2024
Brewing company Marston’s has agreed to sell its 40% stake in Carlsberg Marston’s Limited (CMBC) for £206m
Posted: 08/07/2024
Strip Tinning has announced the appointment of Kevin Edwards as its new chief financial officer (CFO)
Posted: 08/07/2024
UK drinks maker Britvic has reached an agreement with Carlsberg for a takeover worth £3.3bn
Posted: 08/07/2024
Avant Homes has had an acquisition bid rejected by rival housebuilder, Crest Nicholson
Posted: 5/7/2024
Liontrust Asset Management has seen its profit before tax (PBT) drop by 23% to £67.4m in the year to 31 March
Posted: 05/07/2024
Cineworld is considering closing a quarter of its UK cinemas, as it looks to cut costs across the business
Posted: 05/07/2024
The Menzies Pension Fund has completed a £260m buy-in with Just Group, securing the benefits of around 3,000 members, including almost 1,400 pensioners and over 1,650 deferred members
Posted: 05/07/2024
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