Direct Line’s operating profit undershot expectations for the first half of 2024 as the firm shed more than a quarter of a million motor insurance customers following price hikes. Direct …
Estate Planning
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’
English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed …
Apple has ‘significant concerns’ over CMA probe into its Safari mobile browser
Apple said it has “significant concerns” with the UK competition watchdog investigation into the supply of mobile browsers. In 2022, the Competition and Markets Authority (CMA) launched a probe into …
Pinewood Technologies strikes deal with AI firm to bolster US expansion
Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood …
M&G no longer the industry exception as investors pull £1.5bn
Investors in M&G pulled £1.5bn from the investment manager over the last six months, as the group finally fell foul to the mass withdrawals that have plagued the industry. The …
Segro pounces on Tritax Eurobox with all-share £552m offer
The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms …
Barratt: Profit halves at housebuilder but firm optimistic after Redrow deal
Housebuilder Barratt reported a halving in profit and drop in completions amid a challenging housing market, but has said it is optimistic about the future. Barratt said its total home …
CAB Payments posts slump in profit as currency shifts drag down earnings
Fintech CAB Payments has reported a slump in profit for the first half of 2024 as currency movements continued to weigh on its earnings. The London-listed firm said on Wednesday …
Hilton Foods: Profit soars at meatpacker as it looks ahead to Walmart site
Hilton Foods’ seafood and core meat divisions helped bolster the meatpacker’s first-half results as the company geared up for further growth. The FTSE 250 constituent, which had struggled to deal …
Wall Street carnage continues as Nvidia leads US tech selloff
A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early …