The economy has already been thrust to the heart of this election campaign, with both parties staking a claim to the mantle of economic competence. In his statement announcing the …
May 2024
Protein Works: Sales and profit spike at challenger brand
The company behind challenger brand Protein Works saw its sales and profit jump during its latest financial year. The Cheshire-headquartered group has reported a turnover of £42.8m for the 12 …
Pensionbee makes steady progress on major US expansion plans
Pensionbee says it has made steady progress on its plans to expand into the US as it looks to tap into the world’s largest defined contribution pension market. The London-listed …
Poundland owner Pepco eyes profit surge as revenue passes milestone
Pepco, the owner of Poundland, has set its sights on posting profits of €900m (£766.51) for its current financial year after the group’s interim revenue passed a major milestone. The …
Moscow: Court cancels seizure of JP Morgan funds in VTB dispute
A Russian court has cancelled the seizure of part of JP Morgan’s assets in an ongoing dispute with a Russian bank over sanctioned money. Back in April, VTB launched legal …
Hargreaves Lansdown founder watching takeover bid ‘with interest’
The founder of investment platform Hargreaves Lansdown has said he watching the takeover attempt by a consortium of private equity investors “with interest” after news of the bid came to …
Retail sales plunge in ‘dull and wet’ April in fresh sign of fading optimism
Retail sales plummeted in April due to the poor weather in the latest sign that the UK’s economic progress might be fading following a strong start to the year. According …
Wood Group rejects latest takeover bid from Dubai-based suitor Sidara
Energy services firm Wood Group has rejected a third bid from Dubai-based suitor Sidara today on the grounds it “significantly “undervalues the firm. In a statement to the market, The …
Abrdn launches succession plan as chief exec steps down
Asset manager Abrdn is on the hunt for a new leader after it announced today that Stephen Bird will be stepping down as chief executive. “Following the significant strategic repositioning …
£780m tie-up between Coventry Building Society and Co-op Bank confirmed
The £780m tie-up between Coventry Building Society and the Co-op Bank was confirmed this morning, creating a new major player in Britain’s high street banking market. The deal will return …