Shares in Diageo plunged nearly 10 per cent on Monday morning after it reported a decline in annual profit on Tuesday as issues in Latin America continued to weigh on …
Estate Planning
Foxtons: London estate agent hikes dividend as turnaround plan gathers steam
London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being …
Why the Bank of England will cut interest rates on Thursday
For the first time in months, there is genuine uncertainty about whether the Bank of England will cut or hold interest rates when the Monetary Policy Committee (MPC) meets later …
St James’s Place unfazed by scandal as assets boom
St James’s Place saw a raft of inflows into its funds in the first half of the year, exceeding analyst expectations that the scandal-rocked firm would be fail to bring …
Standard Chartered announces largest ever share buyback as profits creep up again
Standard Chartered has announced a $1.5bn share buyback programme today after the Asia-focused bank performed ahead of expectations in the second quarter of the year. Underlying pretax profit climbed to …
Greggs: Bakery chain on a roll as sales up once again
Greggs reported another strong set of results for the first half of the year as customers continued to head to the budget bakery. Total sales for the 26 weeks to …
FCA to extend motor finance probe amid consumer tensions
The Financial Conduct Authority (FCA) has annnounced it will extend its probe into the motor finance market today amid ongoing tensions between thousands of consumers and providers over commission arrangements. …
BP: Oil giant lifts dividend as it beats expectations in second quarter
Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins. The oil major posted underlying replacement profit …
Virgin: How this CEO went from New Zealand to running Richard Branson’s empire
Leaving New Zealand wasn’t always the plan for Josh Bayliss but has arguably turned out alright given he’s now the long-established chief executive running Sir Richard Branson’s Virgin empire. The …
Look behind you! Rachel Reeves’ political pantomime
Rachel Reeves is shocked – shocked she tells you – at the state of the public finances. Never mind that everyone passingly familiar with spreadsheets, including City A.M., had warned …