The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from …
Estate Planning
Dowlais considers sale of powder metallurgy unit as EV volatility dents profit
GKN Automotive owner Dowlais Group has announced it is exploring a potential sale of its powder metallurgy unit, after “volatility” in battery electric vehicle (BEV) production dented half-year profit. Pre-tax …
Synthomer rebounds to profit as £13m cost cuts offset sluggish demand
Chemicals group Synthomer has surged back into the black, defying sluggish demand by banking £13m through cost-cutting measures. The London-listed firm, which is headquartered in Essex, made an underlying profit …
Just Group smashes analyst expectations as profit soars
Retirement financial specialist Just Group has soared past expectations with an underlying operating profit of £249m, 20 per cent ahead of consensus and up 44 per cent from last year. …
Safestay: Hostel group continues European expansion with new Budapest property
Hostel group Safestay has acquired a new property in Budapest as part of its continued expansion into mainland Europe. The London-listed company, which is headquartered in the city, said the …
UK’s largest electricity transmission project gets green light from Ofgem
Britain’s largest electricity transmission project, which could have the capacity to provide power for around 2m households and businesses, has been given the go-ahead by Ofgem. The £3.4bn Eastern Green …
St James’s Place takes on Vanguard, but charges 900 per cent more
St James’s Place is no stranger to high fees. Britain’s largest wealth manager has been pilloried for its high costs, from its controversial exit fee (now being phased out) to …
Georgia Capital: Investment trust charts recovery after Tbilisi protest crash
Georgia Capital, a UK-listed investment trust that owns around five per cent of Georgia’s economy, has charted its road to recovery after crashing during the country’s protests. In May, protests …
Gem Diamonds reports revenue jump despite plummeting demand for mined stones
Mining company Gem Diamonds has reported a strong start to its financial year after uncovering eight diamonds over 100 carats in the first six months of 2024. The London-listed firm, …
Genuit: Construction supplier’s profit nearly halves as ‘subdued’ market conditions persist
Sustainable construction supplier Genuit has posted a near halving of its profit for the first half of 2024 and said it expected “subdued” market conditions to persist for the rest …