Gresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK’s largest and fastest-growing energy suppliers. The energy storage fund owns a portfolio of …
June 2024
Jupiter extends the exit of star fund manager
City investment house Jupiter has extended the exit of its star fund manager Ben Whitmore today after the announcement of his departure wiped millions from the company’s valuation in January. …
Former cyber security boss ‘believes a Russian group’ is behind the NHS ‘major IT incident’
A leading cyber security expert has warned Russia was behind this week’s hack of NHS services, which caused a “major IT incident”. The former chief executive of the National Cyber …
Astrazeneca swallows up Canada-based Fusion Pharmaceuticals in £1.5bn move
Astrazeneca has completed its $2bn (£1.5bn) acquisition of Canada-based Fusion Pharmaceuticals. The deal was first announced in March for the business which develops so-called next-generation radioconjugates (RCs) – complex drugs which, when fully …
Workspace: Flexible office provider calls market bottom as workers return to the City
Flexible office provider Workspace said its “future is bright” after it revealed a 8.7 per cent increase in profit for the year to March. The FTSE 250 company said demand …
VP profit falls as Brandon Hire Station and housebuilding woes drag on results
Full-year profit and revenue at the equipment rental specialist VP has tumbled amid challenges in its housebuilding and construction segments. Pre-tax profit and adjusted earnings before interest, taxation, depreciation and …
Cash is King: New banknotes of King Charles III enter circulation, but it may be a while before you see one
From today, banknotes carrying a portrait of King Charles III will be issued for the first time, but with a move towards a cashless society, it may be some time …
Discount retailer B&M beats ‘lockdown peak’ trading at top end of guidance
Bargain retailer B&M has beaten its “lockdown peak” as the firm reveals it is trading at the higher end of its guidance thanks to Brits sniffing out a bargain On …
Buy-to-let mortgage specialist Paragon posts surge in profit and raises share buyback
Paragon Banking Group, one of Britain’s leading buy-to-let mortgage lenders, has reported a surge in profit and boosted its share buyback programme, despite a drop in home loan volumes as …
FTSE 100 energy giant Centrica declares stability has returned to the energy market
Centrica said today its plan to get the retail supply business back to a “sustainable” level of profit is two years ahead of schedule. The update will come as a …