Babcock International has reported a jump in annual profit as the British defence giant once again benefits from a “sustained uplift” in global defence spending. In a full-year update to …
Estate Planning
Drax shares soar as firm announces buyback and expects profit at ‘top end’ of estimates
Power generation group Drax reported an increase in profit in the first half and forecast that its earnings for the full year would come at the “top end” of expectations. …
Motorists still ‘paying too much’ for fuel, says competition watchdog
Drivers are still paying too much for their fuel, with retail margins “significantly” above historic levels, according to the UK competition watchdog. The Competition and Markets Authority (CMA) said that …
CMA ‘unlikely’ to find loyalty prices in supermarkets misleading
Britain’s competition watchdog has said it is “unlikely” to find widespread evidence to suggest that loyalty prices in stores are misleading shoppers. The Competition and Markets Authority (CMA), which launched …
Delays to Paris: French rail network hit with arson attacks hours before Olympic Opening Ceremony
Hours ahead of the Olympic Opening Ceremony in Paris, France’s high-speed rail network has been hit by “malicious acts” which have caused service disruptions. French rail company SNCF said in …
Computacenter: Profit down by a third on ‘weak demand’ for UK tech
London-based tech company Computacenter announced a drop in profit before tax by a third for the first half of the year on weaker than expected demand in the UK industry. The £2.97bn …
Why Easyjet is outperforming rival Ryanair
As airlines brace for the end of the post-pandemic travel boom, Easyjet is bucking the trend, Guy Taylor writes It has been some week for the aviation industry. An unexpectedly …
Jupiter investors accelerate exodus over departure of star stock-picker
London funds house Jupiter saw outflows accelerate in the first six months of the year as investors grew nervous over the departure of star stock picker Ben Whitmore. In its …
Natwest snaps up part of Metro Bank’s mortgage book for £2.5bn as it reports profit drop
Natwest became the latest bank to report a fading boost from higher interest rates as it announced the acquisition of a part of Metro Bank’s residential mortgage book. The FTSE …
Man Group: Hedge fund sees over £8bn gains as it starts off 2024 ‘strongly’
Hedge fund Man Group revealed that it generated investment performance of $11.1bn (£8.6bn) over the first six months of 2024, as it started the year off “strongly”. It made net …