High interest rates are expected to limit banks’ lending to businesses this year before a rebound in 2025, according to a new forecast from Big Four firm EY. Economic forecasting …
Estate Planning
Abrdn logistics trust delays dividend amid potential takeover
The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, …
Currys bidding war: Chinese retail giant JD joins race as shares soar 33 per cent
Shares in Currys soared over 33 per cent this morning after Chinese retail giant JD unveiled itself as the latest firm to consider buying the electrical goods chain. The board …
Gym goers switching from low-cost rivals help Total Fitness ‘significantly exceed’ pre-Covid levels
Gym goers switching from low-cost rivals has helped membership at Total Fitness “significantly exceed” record levels seen prior to the Covid-19 pandemic, according to new figures. The Cheshire-based group, which …
Santander announces plans for £4.7bn shareholder distribution following record results
Santander has announced that it will seek to pay out €5.5bn (£4.7bn) to shareholders just weeks after the bank unveiled record annual profits in 2023. In a statement this morning, …
FTSE 100 live: London flat but Currys soars as takeover battle looks likely
London’s FTSE indexes struggled for direction on Monday morning as lingering concerns over the persistence of inflation dampened market sentiment. The FTSE 100 dipped 0.06 per cent to trade at …
Polymetal looks to sell-up and quit Russia over nationalisation fears
Anglo-Russian miner Polymetal has today said it will hold a vote imminently on a £2.8bn purchase offer that would see it exit its Russia business. The firm said in a …
Elliott mulls new higher offer for Currys after initial £700m bid rejected
Elliott Investment Management confirmed it is considering a possible cash offer for Currys after the electrical retailer rejected its initial £700m bid over the weekend. In an update this morning, …
Consumers shopping for insurance deals help Moneysupermarket to record revenue
A booming market for customers looking for deals on car and home insurance helped Moneysupermarket notch record revenue in 2023. The price comparison website posted revenue of £432.1m in the …
Astrazeneca: Tagrisso drug shows ‘highly impactful’ results in lung cancer trial
Astrazeneca has received positive test results from one of its leading medicines in a trial to test its efficacy against a form of lung cancer. In a statement to the …