Nationwide, the UK’s largest building society, has struck a preliminary agreement to acquire Virgin Money, Britain’s sixth-biggest high street bank, valuing the latter at around £2.9bn. The two lenders announced…
House prices rose by 0.4 per cent in February, marking the fourth monthly uptick in a row, a new report by Halifax has found. Its latest house price index showed…
North Sea oil and gas producer Harbour Energy has reported a drop in revenue for 2023 as the price of oil fell from its peaks recorded in 2022. The London-listed…
Recruitment specialists Pagegroup slashed more than a thousand staff in the last year, as its profit took a hit from the slowdown in the jobs market. The London-listed company said…
Insurance giant Aviva has posted a rise in annual profits as it rewards shareholders with a £300m buyback and upgraded dividend guidance. Its shares rose 4.1 per cent on Thursday…
Recruiter Robert Walters has joined rival Pagegroup in slashing headcount over the past year, citing the difficult jobs market in the UK, and London in particular. The London-listed company said…
Cybersecurity group Darktrace has reported a 27.4 per cent jump in revenue for the first half of its financial year. For the six months to the end of December, the…
Sky News’ City Editor Mark Kleinman writes a weekly column for City A.M., this week on the budget, the latest on the Woodford fallout, and another bank tie-up For a…
Threads business Coats Group posted a flat set of earnings for 2023 and blamed a “widespread industry destocking” for the tepid performance. Revenue at the British multinational was down nine…
Pest control experts Rentokil saw revenue leap by 45 per cent in 2023 as the acquisition of US peer Terminix started to bear fruit. The group today said that revenue…