Pure-play reinsurance firm Conduit Re has reported a surge in business underwritten for 2023 and said its strong balance sheet offers “tremendous freedom.” The news sent shares up five per…
London’s iconic BT Tower has been sold to a US hotels giant for £275m – with the iconic structure to be turned into a Thomas Heatherwick-designed hotel. BT Group has…
The company that runs The 02 in London has submitted plans for a new 8,500-capacity arena in Edinburgh. AEG Europe said the venue, which would be located in the Edinburgh…
A bidding war has erupted over the Abrdn Property Income Trust, as the £592m Urban Logistics REIT has made a counteroffer to Custodian Property Income’s bid for the trust. In…
British food science operation Tate & Lyle blamed a weak customer demand and inflation for a fall in volumes and revenues. In an update this morning, the public company revealed…
The government recorded its largest monthly surplus since records began in January, helping borrowing in the year-to-date come in over £9bn below official forecasts. According to figures from the Office…
Heathrow Airport has turned its first profit in four years amid speculation that a consortium of Middle Eastern, state-backed investment funds could become prominent shareholders in the hub. Europe’s largest…
GSK has today reported favourable findings from the Latitude phase III study of its long-acting injectable antiretroviral treatment (ART) for HIV. The study was conducted by Viiv Healthcare, the global…
Glencore has reported a drop in profit and reduced shareholder returns following the “normalisation of international energy flows.” The firm’s full-year 2023 figures showed the group reported earnings before interest,…
Arcontech, which specialises in financial market data processing, has reported a jump in profits as its blue-chip client base remains loyal despite tough economic conditions. The AIM-listed firm’s pretax profit…