Barclays chief executive CS “Venkat” Venkatakrishnan has announced that the bank will become “simpler, better and more balanced” in a much-anticipated update on its restructuring plans. It revealed this morning…
Petra Diamonds now expects a slower recovery in diamond prices, reporting earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $38.9m (£31m) in the second half of 2023, down from…
A Scottish house-building company is the latest to be financially bruised by last year’s slowdown in property sales. This morning, publicly listed Springfield Properties said revenue slid by 25 per…
The row between former Post Office boss Henry Staunton and business secretary Kemi Badenoch ratcheted up another notch, as the row over compensation for sub-postmasters continues. This follows a major…
Concerns over the Chinese economy sent London’s FTSE indexes slightly lower on Tuesday morning despite a strong performance from Barclays. The FTSE 100 dipped 0.08 per cent to trade at…
The boss of an independent coffee brand has opened up about the decision to pull its products from the shelves of Tesco. Roastworks has been available at Tesco shops across…
The Competition and Markets Authority (CMA) has launched a market study into the supply of baby formula in the UK. The CMA investigation, which was launched today, came off the…
Anglo-Chilean miner Antofagasta has ridden a more stable copper price through 2023 to a boost in full-year revenues. The firm’s revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA)…
Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026. It revealed…
Retail trading platform Plus500 topped market expectations and announced plans to put $175m (£138m) back in shareholders pockets today despite a squeeze on revenues and profits over the past year.…