Barclays has reported an 11 per cent drop in profit – slightly outperforming analysts’ estimates – as the boost from higher interest rates fades and its investment bank struggles to …
Financial Planning
Hipgnosis bidding battle hots up as Concord pips Blackstone bid
Hipgnosis Songs Fund is at the centre of a tug-of-war after its board said an increased bid from Concord is in the “best interests” of the firm last night. Concord’s …
Unilever thanks ‘power brands’ for sales bump as Marmite-maker steams ahead with turnaround plan
Consumer giant Unilever said sales of its most popular brands such as Dove soap helped drive growth in the first quarter. The Marmite-maker’s beauty and wellbeing category performed the strongest, …
WPP expects to return to growth in second-half as AI tools ‘deployed at scale’
Advertising and media giant WPP reported a 2.1 per cent increase in like-for-like revenue for the first quarter of the year, according to a statement published today. The company said …
Anglo American mulls £31.1bn BHP offer in mining mega-deal
London-listed miner Anglo American has said it is considering a “highly conditional” all-stock offer from the world’s largest miner, BHP. In a statement to the London Stock Exchange today, Anglo’s …
London Stock Exchange owner’s growth meets estimates as it leans into Microsoft data deal
The London Stock Exchange Group (LSEG) has reported first-quarter growth in line with analysts’ estimates as it plans to start releasing products from its tie-up with Microsoft in the coming …
Drax trading on track for the year as it awaits Westminster’s carbon capture sign-off
Power firm Drax said today that it’s trading in line with expectations for the year as it gears up for further growth. In a statement to the London Stock Exchange …
Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off
Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with its loyalty card and its Aldi price matching schemes. The board of Britain’s second largest …
Two of the five horses which ran loose through London are in a ‘serious condition’
Two of the five horses which caused havoc yesterday after running through central London are in a “serious condition”, it is understood. A government minister has confirmed that two of …
Record revenue at former BBC Dragons’ Den star Duncan Bannatyne’s health and hotels group
The health club and hotels group owned by former BBC Dragons’ Den investor Duncan Bannatyne has a record revenue and its highest profit since before the pandemic. The Bannatyne Group has …