Ben Broadbent, a deputy governor at the Bank of England, said today that it was “possible” that interest would be cut this summer, in line with market expectations. “If things …
May 2024
Litigation-focused law firms are on the rise in London says co-founder of Quillon Law
There is a growing trend of litigation-focused law firms setting up in the City, which includes Quillon Law, a City-based firm set up by partners Mark Hastings and Michael Barnett. …
London-listed Knights reports double digit profit growth
Listed law firm Knights reported double-digit profit growth over the last final year while its revenue rose by nearly £8m. On Monday the firm said its full year revenue for …
Hacks vs Flacks: City’s PRs take victory in annual grudge match
A man of the match performance from FTI’s Oliver Harrison laid the foundation for a 3-0 victory for the City’s PRs in their annual battle with journalists, a scoreline that …
Astrazeneca to build huge new cancer drug plant in Singapore
Astrazeneca has said it would invest $1.5bn (£1.2bn) to build a manufacturing facility in Singapore to produce antibody drug conjugates (ADCs), a next-generation cancer treatment. The FTSE 100 firm announced …
Billionaire Issa brothers’ £2bn Asda deal sees petrol stations empire EG Group surge back to profit
The petrol forecourts empire built by the billionaire Issa brothers, who also own Asda, surged back into the black in 2023 following its £2bn deal with the supermarket giant. EG …
Nexxen: Share price rises on record first quarter revenue and bumper buyback
Shares in ad tech company Nexxen jumped over five per cent on Monday as it reported record first quarter revenue and initiated a $50m (£39.4m) share buy back scheme. The …
Hilton Food Group trades in line with expectations despite tough market
Food packaging company Hilton Food Group has said volumes and sales are trading ahead of the same period last year as the business continues to trade in line with board …
Lotus supplier CT Automotive swings to profit
CT Automotive, a designer and supplier of interior components for cars, swung to a full-year profit in 2023 amid a recovery in the global automotive market and the re-opening of …
BT delays public network switchover until 2027 despite ‘increasingly fragile’ old tech
BT has said it is delaying the switch from the analogue Public Switched Telephone Network (PSTN) to digital landlines until the end of January 2027. Originally, the telecoms giant aimed …