Lloyd’s of London insurer Hiscox has grown its written premium by 8.3 per cent as the FTSE 250 carrier shrugged off a contraction in its London market. The firm said in …
Financial Planning
Hostelworld bets on ex-Will Hill boss as chair amid strong trading
Hostelworld Group, a booking service for hostels around the world, has named its new chair and announced an earlier-than-planned repayment of a debt facility thanks to strong trading ahead of …
Shell unveils another bumper buyback as profit jumps
FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter. In its trading update for …
Quilter boss: Why Westminster needs to keep its ‘tinkering’ hands off the City
Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services. This week it’s Steven Levin, chief executive of wealth manager Quilter Ask most City bosses for a …
Virgin Media O2: Tough first quarter as customers head for competitors
Virgin Media O2 (VMO2) has said it experienced lower customer activity and a decline in handset revenue in the first quarter of 2024. The British telecoms company reported that its …
Revolution Bars confirms meeting with peer Nightcap over possible sale
The nightlife hospitality chain Revolution Bars confirmed speculation today that it had held a meeting with competitor Nightcap regarding a possible sale. The chain, which is listed on the London …
StanChart: Bank bucks the trend and breezes through analyst profit estimates
Standard Chartered has sailed past estimates with a 25 per cent jump in profit on the back of interest rate hikes and a solid performance from its trading and wealth …
Bank spying powers are Orwellian: the government must rethink
Slippery slopes are so named for a reason. One step might feel ok. A second, trouble-free. But suddenly momentum builds, and there’s no stopping you. The metaphor could not be …
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
The UK could face “sluggish” growth for the next two years as the impact of the Bank of England’s interest rate hikes continue to weigh on the economy, new forecasts …
Smiths News unlocks higher dividends with new loan deal despite profit slump
Leading UK newspaper distributor Smiths News has reported a profit slump as demand for physical newspapers has continued to decline. In its interim results, published this morning, the company said …