Thames Water has refused to be drawn on a bombshell report that it is lobbying both the government and regulator to avoid a bailout, with customers footing the bill. The …
February 2024
Halfords issues another profit warning as demand for cycling falls flat
Halfords has issued another profit warning as the cycling and motoring retailer continued to be impacted by a “weakening” demand for its goods. Shares in the firm fell by over …
Jaguar Land Rover owner Tata confirms site for mega £4bn Somerset gigafactory
Jaguar Land Rover owner Tata has confirmed the site for the UK’s biggest electric vehicle battery factory. The Indian Conglomerate confirmed it would invest £4bn into building the giant gigafactory …
Office giant Derwent London upgrades 2024 outlook as rental growth exceeds expectations
Office giant Derwent London has upgraded its expectations for 2024 as demand for its central London properties remained robust. In the firm’s 2023 results, it revealed it had brought in …
Endeavour Mining reports death at Burkina Faso gold site
London-listed firm Endeavour Mining has reported a fatality at one of its sites in Burkina Faso. The FTSE 100 firm said a worker was killed on Tuesday at the Mana …
Country Garden hit with winding up petition in latest threat to China’s real estate sector
China’s property crisis shows no sign of abating after Country Garden, the country’s largest property developer, was hit by a winding up petition from a creditor. The liquidation petition was …
Alfa Romeo’s Formula 1 team supplier AB Dynamics maintains 2024 outlook on ‘solid’ orders
AB Dynamics, the provider of robots and simulators for Alfa Romeo’s Formula 1 team, maintained its financial outlook for 2024 this morning after reporting a “solid order book.” The firm …
Shares in Durex maker Reckitt flop as firm misses expectations
Shares in Durex condom maker Reckitt Benckiser have flopped over nine per cent in early trades this morning after the firm missed analyst expectations for 2023. Operating profit at the …
Taylor Wimpey confident on year ahead despite profit slump in 2023
Housebuilder Taylor Wimpey saw its operating profit fall 49 per cent last year as the number of homes built by the company dropped 24 per cent. This morning, the FTSE …
HICL Infrastructure sells toll-road stake to finance share buyback
Investment trust HICL Infrastructure is set to sell its £183m stake in an American toll-road project, using the cash to begin a major share buyback programme. The trust said today …