Latest News

L&G profits climb 6% in H1


By Michael Griffiths

Legal & General (L&G) has posted a 6% jump in core operating profit to £859m in its opening half results.

The insurer also reported earnings per share (EPS) growth of 9% to 10.94p in H1, which was at the top end of its 6-9% targeted range


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Metro Bank's profits treble in H1

Metro Bank has seen its profits more than treble in the first half of its financial year, increasing 252% to £45.1m from H2 2024

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Quilter hits £100m profit in H1

Quilter has posted an adjusted pre-tax profit of £100m in its first half results, a 3% improvement on H1 last year

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Glencore decides to retain London listing

Glencore has announced that it has decided to retain its listing on the London Stock Exchange, after considering a move to a New York primary listing

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BP announces cost-cutting measures with ‘thorough review’

BP has announced new plans for a cost-cutting scheme and a “thorough review” of the company’s portfolio, despite reporting better-than-expected profits in its Q2 results

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Diageo increases cost savings target as profits plummet

Diageo has increased its cost savings target by $500m to $625m in the next three years, after recording a 39.1% drop in its net profit in the year to 30 June

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UK’s venture capital funding slips in H1

The venture capital (VC) funding landscape in the UK has encountered a significant downturn in the first half of 2025, according to figures from GlobalData

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Spectris turns recommendation back to improved KKR offer

Spectris has recommended an improved acquisition offer from KKR to its shareholders, valued at an enterprise value of just above £4.8bn

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BWS strikes £2.4bn deal to acquire Just Group

Just Group has agreed to a £2.4bn acquisition offer from the Bermuda-headquartered retirement services firm, Brookfield Wealth Solutions (BWS).

The deal, valued at 220 pence per share, represents a 75% premium on the London-listed group’s share price on 30 July

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IAG operating profit soars in H1

International Airlines Group (IAG) has recorded a 44% annual increase in its operating profit, totalling €1.9bn in the six months to 30 June

Rolls-Royce ups guidance in half-year results

Rolls-Royce has increased its full-year operating profit guidance to between £3.1bn and £3.2bn, following a "strong first-half performance"
BP announces oil and gas discovery off Brazil coast

BP has made its largest oil and gas field discovery in 25 years at a site off of the coast of Brazil
Clarkson share price jumps despite profit drop

Clarkson has seen its share price increase by over 7%, despite recording a 23% year-on-year drop its in profit before tax to £39.4m in the six months to 30 June


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