Archive News
Wetherspoons is set to pay out final dividends to shareholders for the first time since the COVID pandemic.
The pub chain said that as a result of improved trading and financial position of the company, the board has recommended a final dividend of 12 pence per share, equivalent to the 2019 annual dividend
The pub chain said that as a result of improved trading and financial position of the company, the board has recommended a final dividend of 12 pence per share, equivalent to the 2019 annual dividend
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
Barclays has agreed a deal to sell its German consumer finance business, Consumer Bank Europe, to Austrian bank, BAWAG
Posted: 04/07/2024
Assura has stated that it is "extremely well-placed" to support the NHS and the wider healthcare market, as it announced its results for the first quarter of its financial year
Posted: 04/07/2024
NewRiver has announced the acquisition of Ellandi Management, an asset and development management business focused on UK retail and regeneration
Posted: 04/07/2024
Spectris has acquired the US provider of handheld instruments for material analysis, SciAps, for a cash consideration of £204m
Posted: 04/07/2024
Mining group Greatland Gold has confirmed the appointment of Dean Horton as its new chief financial officer (CFO)
Posted: 03/07/2024
Hawksmoor has been put up for sale, in a deal that is estimated to be worth up to £100m
Posted: 3/7/2024
Topps Tiles has reported a 6.2% fall in sales for the third quarter after citing “challenging” market conditions
Posted: 03/07/2024
The trustee of the TotalEnergies UK Pension Plan has completed a £1.2bn buy-in with Pension Insurance Corporation (PIC), covering the defined benefit (DB) pension liabilities of over 2,000 pensioners and dependants and 3,500 deferred policyholders
Posted: 03/07/2024
Keywords Studios has accepted a takeover bid by private equity firm, EQT, for a consideration of £2.1bn
Posted: 03/07/2024
Wholesale delivery firm Kitwave has posted a slight fall in its operating profit to £10.8m in its half-year results, down from £11.7m in the same period a year ago
Posted: 02/07/2024
Revolut has seen its revenue jump by 95% to £1.8bn in the year to 31 December, after reaching £920m in the previous year
Posted: 02/07/2024
Sainsbury’s has reported a slowdown in sales growth in its opening quarter as retail performance through its Argos business declined by 6.2%
Posted: 02/07/2024
Supreme has seen its revenue increase by 42% year-on-year to £221m, adding that it is "not concerned" about the Government’s potential vaping proposals
Posted: 02/07/2024
Marwyn Acquisition Company II (MAC II) has agreed a deal to acquire pensions services provider, InvestAcc Group
Posted: 01/07/2024
BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for £2.55bn
Posted: 01/07/2024
Harland & Wolff has temporarily suspended trading on London’s AIM market, after it was not able to publish its independently audited accounts on time
Posted: 01/07/2024
Chemicals company Croda International has announced the appointment of Stephen Oxley as its new chief financial officer (CFO) and executive director
Posted: 01/07/2024
Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, has announced that its subsidiary, Geotek, has acquired 100% of the issued share capital of Rockwash Geodata
Posted: 28/06/2024
Keywords Studios has released an update on its potential £2.1bn acquisition by the private equity firm, EQT, stating that the offer would be “minded to recommended” to shareholders.
The London-listed Dublin-based video games services firm said that it received a fifth offer by the private equity firm of 2450 pence per share, which marks a small decrease from the fourth proposal in May
The London-listed Dublin-based video games services firm said that it received a fifth offer by the private equity firm of 2450 pence per share, which marks a small decrease from the fourth proposal in May
Posted: 28/06/2024
The parent company of Defaqto and SimplyBiz, Fintel, has reached a conditional agreement to acquire Threesixty Services from abrdn
Posted: 28/06/2024
The Rolls-Royce & Bentley Pension Fund has completed a £880m full scheme buy-in with Standard Life, securing the benefits of around 6,000 members
Posted: 28/06/2024
Halfords has reported a fall in underlying profits in its latest annual results as the motoring and cycling products retailer said its outlook remains “challenging”
Posted: 27/06/2024
SEGRO has acquired three fully leased logistics warehouses in the Netherlands for a cash consideration of €222m (£187.8m)
Posted: 27/06/2024
Moonpig has posted a 6.6% increase in its annual revenue to £341.1m in the year to 30 April
Posted: 27/06/2024
Currys has said that it "continues to strengthen" financially as its profit before tax jumped by 10% to £118m in the year to 27 April
Posted: 27/06/2024
Revolution Beauty’s profit before tax has increased by £45.3m in the latest financial year, having recorded what it describes as "two challenging years"
Posted: 26/06/2024
Volex Group has posted a 26.3% increase in its annual revenue to $912.8m against a backdrop of temporary headwinds caused by customer destocking
Posted: 26/06/2024
Operating profit at AO World has jumped by 192% to £36.2m in the year to 31 March, as the firm has focused on profit and cash generation
Posted: 26/6/2024
Phoenix Group has confirmed it is exploring the potential sale of its SunLife business
Posted: 26/06/2024
UK-based Mexican restaurant group, Tortilla Mexican Grill, has confirmed the acquisition of its largest European rival, Fresh Burritos, in a deal worth €3.95m
Posted: 25/06/2024
Landsec has completed the acquisition of an additional 17.5% stake in Bluewater from Singapore-based GIC in a deal worth £120m
Posted: 25/06/2024
Gear4music has seen its adjusted EBITDA increase by 34% in the year to 31 March to £9.9m, in line with market expectations
Posted: 25/06/2024
Chapel Down is considering a sale of its business in order to explore funding options for its growth plans
Posted: 25/06/2024
The trustees of the Contship Containerlines Limited 1979 Pension Scheme have agreed a £25m full scheme buy-in with Legal and General (L&G), securing the benefits of around 150 members
Posted: 24/06/2024
PepsiCo has agreed to waive the change of control clause with Britvic, which is expected to see Carlsberg present a third bid for the drinks firm
Posted: 24/06/2024
Frasers Group has announced that it has entered into a multi-year partnership with THG, in what it states will "mutually enhance retail operations" for both firms
Posted: 24/06/2024
Tribe Technology has appointed Kirsty McShane as its new chief financial officer (CFO), replacing Eric Hampel, who has stepped down from the role
Posted: 21/06/2024
The UK’s startups have overseen the announcement of a total 497 venture capital (VC) deals in the first five months of 2024, new figures published by GlobalData have shown
Posted: 21/06/2024
Britvic has rejected a takeover offer from Danish brewing firm, Carlsberg, valued at £3.1bn
Posted: 21/06/2024
Tate & Lyle has signed a deal to acquire US-based ingredients firm, CP Kelco, for £1.4bn
Posted: 20/06/2024
Bridgepoint has reached an agreement to acquire the FTSE-250 specialist consulting firm, Alpha FMC, for a cash consideration of £626m
Posted: 20/06/2024
DS Smith has posted a fall in its annual adjusted operating profit to £701m, though the packaging business has remained upbeat after the decline was smaller than expected
Posted: 20/06/2024
Sainsbury’s has agreed to sell its core banking business to NatWest in a deal that the pair expect to complete in the first half of next year
Posted: 20/06/2024
Berkeley has posted pre-tax profits of £557m in line with its guidance provided at the start of the year, as the property developer also increased its net cash position to over £500m
Posted: 19/06/2024
Young’s Pubs has seen its revenue jump by 7.4% in the year to 1 April 2024 to £388.8m, following on from the acquisition of City Pubs Group in the 2024 financial year
Posted: 19/06/2024
The Sibelco UK Occupational Pension Scheme has completed a £165m buy-in with Aviva, securing the benefits of all members of the scheme in full
Posted: 19/06/2024
Games Workshop has estimated that its revenue for the 2024 financial year will not be any less than £490m, equating to a 10.1% increase year-on-year
Posted: 19/06/2024
Telecom Plus has beat expectations for the 2024 financial year, as the firm passed its one millionth customer milestone in the final quarter
Posted: 18/6/2024
Shares at Ashtead Group have fallen to a three-month low after the firm announced that it was not planning on listing on the US markets
Posted: 18/6/2024
Whitbread has seen its group sales increase by 1% year-on-year to £739m in the first quarter of its financial year, as it continues to strengthen in the post-COVID era
Posted: 18/6/2024
Global Ports Holding is considering a potential merger with its parent company, Global Yatirim (GIH), which would see it delist from the London Stock Exchange (LSE)
Posted: 17/6/2024
Railpen has acquired a 50% shareholding in renewable energy and sustainable infrastructure developer, AGR Power, in what has been highlighted as a "significant milestone" for both the pension manager and AGR
Posted: 17/6/2024
Kingfisher has appointed Bhavesh Mistry as its new chief financial officer (CFO), following the announced retirement of current CFO, Bernard Bot
Posted: 17/6/2024
Raspberry Pi has seen its share price jump by 14.3% as the firm made its introduction on the London Stock Exchange (LSE)
Posted: 14/6/2024
Crest Nicholson has rejected a takeover bid from rival housebuilder, Bellway, for £650m.
In a statement, Crest Nicholson said that it had received a revised proposal for a possible all-share, which would see its shareholders receive 0.093 new ordinary shares in Bellway, equating to 17.1% of the company
In a statement, Crest Nicholson said that it had received a revised proposal for a possible all-share, which would see its shareholders receive 0.093 new ordinary shares in Bellway, equating to 17.1% of the company
Posted: 14/6/2024
Tesco has recorded a 5% increase in food sales in the first quarter of its financial year, as inflation continues to fall
Posted: 14/6/2024
The Medical Protection Society Pension Scheme has completed a £125m buy-in with Rothesay, securing benefits for all 618 scheme members, comprising of 174 pensioners and dependants and 444 deferred members
Posted: 14/6/2024
Housebuilding firm Crest Nicholson has posted a £25m fall in half-year revenue as the group posted a pre-tax loss
Posted: 13/06/2024
PayPoint has seen its revenue increase by 82.7% in the year to 31 March, rising to £306.4m in this period
Posted: 13/06/2024
St. James’s Place (SJP) has confirmed the appointment of Caroline Waddington as the group’s new chief financial officer (CFO)
Posted: 13/06/2024
Trident Royalties has accepted a £144m acquisition offer from Australian mining firm, Deterra
Posted: 13/06/2024
DFS has issued a second profit warning of the year as a result of higher costs caused by the shipping disruption in the Red Sea.
The furniture retailer said consumer demand in the upholstery sector has been “challenging” and that Red Sea routing issues have resulted in higher freight costs as well as delays to customer deliveries
The furniture retailer said consumer demand in the upholstery sector has been “challenging” and that Red Sea routing issues have resulted in higher freight costs as well as delays to customer deliveries
Posted: 12/06/2024
Frontier Developments has recorded a "strong" performance in the second half of the year, resulting in full-year results coming in ahead of expectations
Posted: 12/06/2024
Legal & General (L&G) has put its housebuilding firm, Cala, up for sale as the firm looks to change its business focus
Posted: 12/06/2024
LiveMore has successfully priced and completed its inaugural securitisation, totalling £208.1m of prime and near prime owner-occupied mortgage loans
Posted: 12/06/2024
GB Group (GBG) has posted a rise in annual operating to £61.2m, up from £59.8m last year, despite announcing a slight fall in its annual revenue
Posted: 11/06/2024
Oxford Metrics has seen its revenue increase by 10.5% year-on-year in the six months to 31 March, as it looks to deliver on its five-year plan
Posted: 11/06/2024
Oxford Instruments has reported a 9.8% increase in annual revenue to £470.4m despite posting a fall in profits
Posted: 11/06/2024
Raspberry Pi has announced the successful pricing of its initial public offering (IPO) at 280 pence a share on the London Stock Exchange, resulting in a market capitalisation of approximately £541.6m
Posted: 11/06/2024
Vending machine company ME Group has reported a surge in profits after installing record numbers of its “out of home” washing machines
Posted: 10/06/2024
Golden Metal Resources has completed a strategic raise through the issue of over two million shares
Posted: 10/06/2024
Brave Bison has walked away from a potential takeover of online marketing firm, The Mission Group, after the firm rejected an improved bid last week
Posted: 10/06/2024
LendInvest has successfully closed a three-year strategic funding facility to the value of £42.5m with a global alternative investment manager
Posted: 07/06/2024
Tenet Group has entered administration leaving some of its advisers unable to continue providing regulated advice to customers
Posted: 07/06/2024
Housebuilding firm Bellway has reported a strong trading performance through the spring, helped by improved affordability supporting an increase in customer confidence and reservation rates, compared to the first half of the financial year
Posted: 07/06/2024
N Brown Group has seen its profit before tax increase by 171.4% in the year to 2 March, reaching £13.3m
Posted: 06/06/2024
Mission Group has knocked back an increased bid by digital marketing agency Brave Bison that valued the company at £32.3m
Posted: 06/06/2024
Mitie Group has seen its revenue reach record levels, as it jumped by 11% to just over £4.5bn in the year to 31 March
Posted: 06/06/2024
Paragon Bank has reported a 13.5% jump in underlying profit to £146.3m in its latest half-year results
Posted: 06/06/2024
WH Smith is on track to deliver a full-year performance in line with expectations after reporting a 9% growth in its total travel revenue in the UK
Posted: 05/06/2024
Two unnamed pension schemes have completed an £85m buy-in with Canada Life, securing member benefits across the two schemes for a total of 189 pensioners and 87 deferred members
Posted: 05/06/2024
The UK’s largest fund investing in utility-scale battery energy storage systems, Gresham House Energy Storage Fund (GRID), has announced that 14 of its projects have secured fixed price contracts with Octopus Energy
Posted: 05/06/2024
B&M is set to open no less than 45 new gross stores in the UK in the latest financial year, after recording a revenue increase of 10.1% across the group to £5.5bn
Posted: 05/06/2024
Property group LondonMetric has sold off two offices in Scotland to a single buyer for £36.6m
Posted: 04/06/2024
The Mission Group has received a fresh takeover bid from Brave Bison to the tune of approximately £32.2m, and has added that it is currently "evaluating" the offer
Posted: 04/06/2024
British American Tobacco (BAT) has stated that it is on course to reach its financial expectations for the current financial year, despite concerns over illegal vapes in the US
Posted: 04/06/2024
Vistry Group has agreed a deal with Blackstone Real Estate and Regis Group for the acquisition of a £580m portfolio of new build homes
Posted: 04/06/2024
Blackstone has increased its offer for Hipgnosis Songs Fund by a cent per share, taking its proposal to $1.58bn (£1.24bn)
Posted: 03/06/2024
Monzo has recorded its first year of annual profitability since the group’s launch in 2015
Posted: 03/06/2024
Revenue at Hollywood Bowl has reached a record high of £119.2m in the first half of the group’s financial year, increasing by 8.1% year-on-year
Posted: 03/06/2024
The deadline for entries into the first ever Corporate Finance Awards has been extended to Friday 28 June
Posted: 03/06/2024
UK Government Investments has completed the disposal of part of the Treasury’s shareholding in NatWest Group
Posted: 31/05/2024
Frasers Group has increased its stake in Hugo Boss following a fall in the luxury fashion brand’s share price over the course of the year
Posted: 31/05/2024
JD Sports has seen its profit before tax drop by 7.5% to £917.2m in the 53 weeks to 3 February, as it increased spending on "people, stores, systems and supply chain"
Posted: 31/05/2024
Nationwide’s £2.9bn takeover of Virgin Money is under investigation by the Competition and Markets Authority (CMA)
Posted: 31/05/2024
The deadline for entries into the first ever Corporate Finance Awards is 31 May and firms are being encouraged to get their entries in by tomorrow
Posted: 30/05/2024
LondonMetric Property has sold off seven properties in separate transactions for a total of £31.3m
Posted: 30/05/2024
Profit before tax at Dr Martens has fallen by 43% in the year to 31 March to £97.2m, as a result of the decline in its EBITDA
Posted: 30/05/2024
Auto Trader has reported a 14% increase in revenue to £570.9m in the year to 31 March
Posted: 30/05/2024
Nightcap has walked away from a takeover of Revolution Bars, after the bar operator rejected a proposal earlier this week
Posted: 30/05/2024
Sidara has made a £1.59bn offer for John Wood Group, being the third and “final” offer that it will submit for the firm
Posted: 29/05/2024
Anglo American has rejected BHP’s request to extend its offer deadline on a £39bn merger deal
Posted: 29/05/2024
Bloomsbury Publishing has announced the acquisition of the Rowman & Littlefield Publishing Group’s academic publishing business
Posted: 29/05/2024
A total of 389 venture capital (VC) funding deals worth $3.6 bn (£2.8bn) were announced in the UK between January and April, new figures published by GlobalData have shown
Posted: 29/05/2024
Bunzl has completed its acquisition of catering equipment distributor, Nisbets, for £339m
Posted: 28/05/2024
Victorian Plumbing Group has posted an 8% increase in gross profit to £72.3m in its H1 results
Posted: 28/05/2024
The sale of the Government’s remaining shares in NatWest has been abandoned, as the General Election campaign commences
Posted: 28/05/2024
Bioscience energy firm EQTEC has announced a fundraise of £850,000, priced at 1.4p per ordinary share
Posted: 28/05/2024
abrdn has confirmed that its group CEO, Stephen Bird, is stepping down after a four-year run in the role
Posted: 24/05/2024
The ICI Pension Fund has completed a £900m buy-in with Legal & General Assurance Society (L&G), securing the benefits of over 7,000 retirees
Posted: 24/05/2024
Coventry Building Society has finalised the acquisition of the Co-Operative Bank for £780m
Posted: 24/05/2024
Aviva delivered growth across the board over Q1, according to its latest trading update, with general insurance gross written premiums (GWP) rising 16%, ignoring the effect of exchange rates, to £2.7bn
Posted: 23/05/2024
National Grid has announced plans to raise £7bn through new equity as the energy provider looks to decarbonise its energy sources
Posted: 23/05/2024
AJ Bell has recorded a "very strong financial performance" in the first half of its current financial year, with profit before tax increasing by 47% year-on-year to £61.4m
Posted: 23/05/2024
Hargreaves Lansdown (HL) has rejected a takeover bid from a consortium of private equity firms, valued at £4.67bn
Posted: 23/05/2024
SSE Energy has cut its dividend to shareholders to 60p per share for the full year, in a bid to continue its growth-enabling plan
Posted: 22/5/2024
BT has been fined £2.8m by Ofcom after failing to provide more than a million customers with enough contract information before signing up to a new deal
Posted: 22/05/2024
British Land has seen its underlying profit creep up by 2% to £268m in the second half of its financial year, as the group looks to focus its strategy on campuses, retail parks and London urban logistics
Posted: 22/05/2024
Marks & Spencer (M&S) has reported a jump of 58% in its annual profits to £716.4m
Posted: 22/05/2024
Mitchells & Butlers has seen a 107% rise in its profit before tax in the first half of its financial year to £107m, as analysts suggested it has got "its act together" following the COVID pandemic
Posted: 22/05/2024
Kingfisher has recorded a 1.2% rise in like-for-like (LFL) sales in its UK and Ireland business, despite sales declining slightly across the group as a whole
Posted: 21/05/2024
Watkin Jones has reported that its operating profit in the first half of the year has increased by 122.2% year-on-year to £4m
Posted: 21/05/2024
The parent company of South West Water has announced a 3.8% increase in its total dividend to 47.37p per share, just a week on from telling thousands of households they would need to boil their drinking water following a parasite outbreak
Posted: 21/05/2024
AstraZeneca has outlined plans to double its current revenue by 2030, aiming to reach $80bn (£63bn) by the end of the decade
Posted: 21/05/2024
Profit after tax at Ryanair have increased by 34% to €1.43bn (£1.22bn) as its number of passengers jumped by 23% compared to the pre-COVID years
Posted: 20/5/2024
British Land has agreed to sell its 50% stake in the Meadowhall shopping centre in Sheffield to its partner, Norges Bank Investment Management, for £360m
Posted: 20/5/2024
Independent Governance Group (IGG) supported the completion of more than £8.5bn of bulk annuity transactions in 2023, according to figures from the professional trustee and governance services firm
Posted: 20/5/2024
Unilever has launched a €1.5bn (£1.28bn) share buy-back programme as it looks to reduce the firm's capital
Posted: 17/5/2024
GSK has completed the sale of 385,320,110 ordinary shares in Haleon, raising £1.248bn
Posted: 17/5/2024
The Norgine Limited Retirement Benefits Scheme has secured a £28m full buy-in with Canada Life, securing the retirement benefits of 308 members, including 152 deferred members
Posted: 17/5/2024
Sage Group’s shares have seen a sharp fall after the software company announced its revenue growth was expected to be below expectations
Posted: 16/05/2024
easyJet has said that its losses have improved by 61% year-on-year, as its chief executive officer, Johan Lundgren, has announced that he will step down from the role in early 2025
Posted: 16/05/2024
United Utilities has recorded a 17.5% rise in underlying operating profits to £517.8m in its latest full-year results
Posted: 16/05/2024
BT Group has seen its profit before tax drop by 31% year-on-year to £1.2bn, as the firm wrote down a sizeable part of the business, while shares increased by over 10%
Posted: 16/05/2024
Drinks company Britvic has reported revenue growth of 11.2% to £880.3m in its H1 results
Posted: 15/05/2024
Revenue at Compass Group has increased by 11.2% in the first half of its financial year, reaching $20.9bn (£16.5bn)
Posted: 15/05/2024
Imperial Brands has recorded its best organic sales growth in more than a decade after higher tobacco prices helped the group to offset declines in volume.
The owner of products including Lambert & Butler & Golden Virginia recorded first-half organic growth of 2.8% in the six months to 31 March, as an 8.6% increase in tobacco pricing countered volume declines of 6.3%
The owner of products including Lambert & Butler & Golden Virginia recorded first-half organic growth of 2.8% in the six months to 31 March, as an 8.6% increase in tobacco pricing countered volume declines of 6.3%
Posted: 15/05/2024
Profits at Burberry have fallen by 40% year-on-year, reaching £383m in the year to 30 March
Posted: 15/05/2024
Flutter Entertainment has seen its year-on-year revenue jump by 16% in the first quarter of the year, in what is expected to be the betting firm’s final financial announcement as a primary listed firm on the London Stock Exchange
Posted: 14/05/3035
Greggs has announced a 7.4% rise in like-for-like (LFL) sales as the bakery chain reported it is making “good progress” across all channels
Posted: 14/05/2024
Currys has increased its expected profit before tax to between £115m-120m for the 2024 financial year, after previous guidance estimated the group to reach at least £105m
Posted: 14/05/2024
Vodafone will cut its end-of-year dividend by half compared to the previous year’s pay out, as the firm stated "much more still needs to be done in the year ahead"
Posted: 14/05/2024
Virgin Money has reported a 2% fall in mortgage lending to £56.6bn for the first six months of its financial year, after citing a “subdued market” in H1
Posted: 14/05/2024
Anglo American has rejected a second acquisition bid by Australian mining firm, BHP, for £34bn
Posted: 13/05/2024
The board at Mission Group has announced that it has "unanimously rejected" a takeover offer by Brave Bison, valued at £27m
Posted: 13/05/2024
Phoenix Group has announced that its group chief financial officer (CFO), Rakesh Thakrar, will be stepping down from the role later this year
Posted: 13/05/2024
Finance broker Hilton-Baird Group has been acquired by specialist business advisory firm FRP Advisory Group
Posted: 13/05/2024
Dr. Martens has brought forward the starting date of its incoming chief financial officer (CFO), Giles Wilson, by two weeks
Posted: 10/05/2024
The Rathbone Group 1987 Pension Scheme and the Laurence Keen Retirement Benefits Scheme has completed a £100m buy-in deal with Canada Life, insuring the defined benefit (DB) pension liabilities for around 480 members
Posted: 10/05/2024
The owner of British Airways, International Airlines Group (IAG), has seen its operating profit increase by €59m (£50.71m) year-on-year
Posted: 10/05/2024
NextEnergy Solar Fund, a specialist investor in solar energy and energy storage, has extended its existing £70m short-term revolving credit facility (RCF) with Santander
Posted: 10/05/2024
BAE Systems has revealed that its full-year sales are set to grow by 10-12%, remaining in line with group expectations for the 2024 financial year, up from £25.3bn in 2023.
This comes as defence spending remains high across all of BAE’s sectors and key markets, with the group also expecting underlying profits to climb 11-13%, up from £2.7bn last year
This comes as defence spending remains high across all of BAE’s sectors and key markets, with the group also expecting underlying profits to climb 11-13%, up from £2.7bn last year
Posted: 09/05/2024
John Wood Group has seen its revenue drop in the first quarter of the year by 6% year-on-year to $1.46bn (£1.17bn)
Posted: 09/05/2024
ITV Studios has reported a 16% drop in revenue in the first three months of the year, despite seeing a strong performance in its streaming platform, ITVX
Posted: 09/05/2024
Lords Group has announced that Stuart Kilpatrick will join the firm’s board as chief financial officer (CFO) and a director of the company
Posted: 08/05/2024
TSB is set to close 36 bank branches across the UK as part of efforts to rebalance its digital and face-to-face services
Posted: 08/05/2024
Landsec has sold off its entire hotel portfolio for £400m to real estate funds managed by Ares Management, alongside operating partner EQ Group
Posted: 08/05/2024
Boohoo has cut over 1,000 jobs in the year to the end of February, as net debt increased by £100.9m from £5.9m in net cash the year previously
Posted: 08/05/2024
Direct Line lost 434,000 of its own-brand motor customers in the first quarter as the insurer increased its policy prices
Posted: 08/05/2024
Wealth and investment manager Kingswood Group has secured an additional £3m debt facility to support its capital requirements and growth agenda
Posted: 07/05/2024
Pension Insurance Corporation (PIC) completed transactions with total premiums of £1.5bn to mark a "strong" start to the year, its Q1 2024 trading update has revealed
Posted: 07/05/2024
BP has set out plans to deliver $2bn (£1.6bn) in savings by the end of 2026, after failing to deliver on profit expectations
Posted: 07/05/2024
Accountancy firms PwC and EY have been given fines totalling £9.3m for failures in relation to their auditing of London Capital & Finance (LCF)
Posted: 07/05/2024
The Works has admitted its entire share capital of 62.5 million ordinary shares to AIM, a market operated by the London Stock Exchange
Posted: 03/05/2024
Diageo has announced that Nik Jhangiani will join the company as its new chief financial officer (CFO)
Posted: 03/05/2024
Publishing group Future has announced the appointment of Sharjeel Suleman as the company’s new chief financial officer (CFO)
Posted: 03/05/2024
Net ticket sales at Trainline increased by 22% year-on-year to £5.3bn, reaching the top end of the previous guidance range
Posted: 03/05/2024
Diploma has acquired designer, distributor and manufacturer of seals and gaskets, PAR Group, for £38m
Posted: 2/5/2024
The trustee of an unnamed pension scheme has agreed a £136.3m buy-in deal with Just Group, resolving the scheme’s liquidity issues
Posted: 2/5/2024
Shell has announced the launch of a $3.5bn (£2.8bn) share buyback scheme, after the oil and gas giant reported better than expected profits in the first three months of 2024.
The British firm reported adjusted earnings of $7.7bn (£6.1bn) in the first quarter of the year, which is a 6% increase quarter-on-quarter
The British firm reported adjusted earnings of $7.7bn (£6.1bn) in the first quarter of the year, which is a 6% increase quarter-on-quarter
Posted: 2/5/2024
Revolution Bars has begun talks with Nightcap in regards to a potential takeover offer
Posted: 2/5/2024
Technology group Halma has acquired MK Test Systems in a cash deal worth £44m
Posted: 01/05/2024
Haleon has announced it is set to close its Maidenhead site, resulting in around 435 jobs being lost
Posted: 1/5/2024
Next has announced a 5.7% increase in full price sales for its opening quarter compared to last year
Posted: 01/05/2024
Sales at GSK increased by 10% to £7.4bn in the first quarter of the year, following a boost in vaccine sales during the period
Posted: 01/05/2024
IT distributor, Northamber, has acquired Tempura from Matthew Light in a deal worth an estimated £6m in cash
Posted: 30/04/2024
The owner of Premier Inn, Whitbread, has reported a 13% growth in its statutory revenue for the last financial year, driven by strong growth in its UK hotels business
Posted: 30/04/2024
HSBC has recorded a 2.3% decrease in its profit before tax, reaching $12.7bn (£10.1bn) after expectations predicted earnings of $12.6bn (£10bn)
Posted: 30/04/2024
Beazley has reported a 7% increase in its insurance premiums to $1.48bn (£1.12bn) during the first quarter, in what the insurer has described as a “solid” start to the year
Posted: 29/04/2024
Supermarket Income REIT has acquired a portfolio of 17 Carrefour supermarkets in France through a sale and leaseback transaction (SLB) of €75.3m (£64.3m), excluding acquisition costs
Posted: 29/04/2024
Betting and gaming giant Entain has successfully repriced two of its existing term loans which will both fund in May
Posted: 29/04/2024
Hipgnosis has accepted a $1.57bn (£1.4bn) acquisition offer from Blackstone, after a takeover battle ensued between the American investment firm and Concord Chorus
Posted: 29/04/2024
The number of registered company insolvencies in England and Wales fell by 17% in March compared to the same month last year, new figures published by the Insolvency Service have shown
Posted: 26/04/2024
Revenue at Loungers increased by 24.7% in the 53 weeks to 21 April, rising to £353.5m in the latest full financial year
Posted: 26/04/2024
NatWest has reported a fall in its total gross new mortgage lending to £5.2bn in the first quarter of 2024, a figure down from £9.9bn in Q1 last year
Posted: 26/04/2024
Darktrace has accepted a takeover bid by American private equity firm, Thoma Bravo, for $5.32bn (£4.25bn)
Posted: 26/04/2024
Anglo American has rejected a takeover bid by Australian mining firm, BHP, for £31bn
Posted: 26/04/2024
Anglo American has received a takeover offer from Australian mining firm, BHP, for £31bn
Posted: 25/04/2024
Barclays has reported a fall in profits for the first quarter of 2024, as the bank’s pre-tax profits slipped to £2.3bn compared to £2.6bn in Q1 last year
Posted: 25/04/2024
Sainsbury’s has seen its retail sales increase by 6.8% year-on-year, rising to £30.6bn in the year to 2 March 2024
Posted: 25/04/2024
The Lexmark Pension Plan has secured a £46m buy-in with Canada Life, securing the benefits of all 177 scheme members, including 93 pensioners and 84 deferred members
Posted: 24/04/2024
Jet2 has said that prices are set to slow following the post-pandemic increase in holiday costs, as competition across the sector starts to rise
Posted: 24/04/2024
The UK has seen a year-on-year decline in venture capital (VC) funding deals in the first quarter of 2024, new figures published by GlobalData have indicated
Posted: 24/04/2024
Profit before tax at Lloyds Banking Group has fallen by 28% year-on-year, having broken its previous record last year
Posted: 24/04/2024
Buy-in and buy-out volumes reached £28bn in the second half of 2023, marking a nearly 74% increase on the £16bn of transactions recorded in the same period in 2022, analysis from Hymans Robertson has revealed
Posted: 23/4/2024
Operating profit at Associated British Foods (ABF) increased by 40% year-on-year to £931m in the first half of the group’s financial year
Posted: 23/4/2024
JD Sports has announced that it is set to acquire US firm, Hibbett, for £899m
Posted: 23/4/2024
The FTSE 100 has seen a "surge of power" in recent weeks, as geopolitical tensions ease, Hargreaves Lansdown has stated
Posted: 22/4/2024
Tyman plc has accepted a takeover offer from US firm, Quanex Building Products, for a consideration of £788m
Posted: 22/4/2024
Hipgnosis Songs Fund has said that it will consider a takeover offer from Blackstone, after the firm received a proposal from the American investment management firm for around $1.5bn (£1.2bn)
Posted: 22/4/2024
Mears Group has announced that it has completed its latest share buyback programme, valued at £20m
Posted: 19/4/2024
Assets owned by Man Group have increased by $9bn (£7.2bn) in the last quarter, now standing at $176bn (£141.2bn)
Posted: 19/4/2024
888 Holdings has seen its revenue for the first quarter of its financial year reach £431m
Posted: 19/4/2024
Vistry Group has announced that it is commencing a share buyback scheme to repurchase up to £100m in ordinary shares
Posted: 18/04/2024
Dunelm has reported a 3% increase in sales despite the group’s CEO suggesting discretionary spending remains “under pressure”
Posted: 18/04/2024
Group revenue at easyJet increased by 22% in the first half of its financial year, after reducing seasonal losses across the period
Posted: 18/04/2024
Hipgnosis has signed off on a £1.1bn takeover deal from US-based rival, Concord Chorus.
The British music royalties investment fund, which gives investors the opportunity to make money from the royalties of songs by acts such as Beyonce and Neil Young, has recently had issues in regard to its structure and leadership
The British music royalties investment fund, which gives investors the opportunity to make money from the royalties of songs by acts such as Beyonce and Neil Young, has recently had issues in regard to its structure and leadership
Posted: 18/04/2024
The Epson Telford Limited Pension & Life Assurance Scheme has completed a £50m full scheme buy-in with Pension Insurance Corporation (PIC), securing the benefits of 368 pensioners and 493 deferred members
Posted: 17/04/2024
Entain has reported that its net gaming revenue in the UK and Ireland fell in the first quarter of 2024, after it continued to "experience the effects" of its regulatory implementation
Posted: 17/04/2024
Asos will take "necessary actions" to deliver a more profitable business, after it saw its sales drop by 18% year-on-year in the first half of the current financial year
Posted: 17/04/2024
abrdn Property Income Trust (API) has sold two assets for a combined price of £13.2m
Posted: 17/04/2024
Dr. Martens has warned that its group sales could be down a third in the year to the end of March 2025, with its profit before tax potentially down by more than a third of last year’s £159m in a “worst-case scenario”
Posted: 16/04/2024
NextEnergy Solar Fund has refinanced its existing £135m short-term revolving credit facility RCF with AIB Group and NatWest
Posted: 16/04/2024
DS Smith is set to be acquired by US rival, International Paper, after a takeover deal was agreed, valued at £5.8bn
Posted: 16/04/2024
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