London markets shot into the green on Friday morning as strong retail sales figures raised the prospect the UK would soon escape its recessionary malaise. The FTSE 100 gained 0.76 …
Sir Adrian Montague: Chairman of Thames Water parent company Kemble quits
The chairman of Thames Water’s parent company Kemble Water Holdings has resigned. In an update to markets this morning, it was announced Sir Adrian Montague had resigned as chairman and …
Nigel Farage threatens Natwest with legal action unless it settles his compensation claim
Nigel Farage threatens Natwest new CEO Paul Thwaite with legal action with an aim to make “sale of shares very difficult,” unless the bank settles “an ongoing compensation claim with …
EDF swings to profit on back of high electricity prices but notes £11bn Hinkley hit
French nuclear power giant EDF swung to profit in 2023, despite booking a large impairment on the struggling Hinkley Point C project. The group’s net income totalled €10bn (£8.6bn), up …
XP Power share price collapses after warning of revenue ‘shortfall’
Shares in XP Power slumped on Friday morning after the firm warned that it faced a “shortfall” in revenue due to weak customer demand. The firm, which supplies critical power …
The Independent eyes online news empire with control of Buzzfeed and Huffpost UK
British online newspaper The Independent is reportedly in talks to take over the operations of BuzzFeed and Huffington Post UK. Under a multi-year licensing deal, The Independent will assume editorial …
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth
The rental market in London appears to have peaked, with price growth steady month-on-month, according to new government figures. Data released by the Office for National Statistics (ONS) showed that …
Inflation and cost rises bring losses near £50m at Harringtons pet food maker
A rise inflation and costs contributed to losses nearing £50m at the company behind the Harringtons pet food brand during its latest financial year, it has been revealed. The business …
Tories smashed in by-elections as Labour pull off double victory
Labour romped home to two crucial by-election victories overnight, as Reform UK ate into the Conservative votes in both constituencies. Keir Starmer’s party built on poll momentum in the early …
Natwest notches high profit since 2007 as bank feels interest rate boost
Retail banking giant Natwest raked in its highest profits since before the financial crisis today as it raked in cash on the back of higher interest rates. In its full …