Police are responding to a ‘critical incident’ in Hainault and have arrested one man, after reports of multiple attacks by a ‘sword’-wielding suspect. Footage circulating on social media showed police …
Investing
Glencore expects strong year from trading arm but reports lower copper output
Glencore has kept its full-year guidance unchanged despite a two per cent fall in copper production and a 37 per cent fall in cobalt production in the first quarter of 2024. …
Frasers acquires parts of Matchesfashion out of administration – but jobs not in deal
Frasers Group has acquired parts of Matchesfashion out of administration in a deal which does not include its stock or its hundreds of employees. Frasers – which in December bought …
Gladman Homes founder increases investment in Henry Boot
The founder of one of the UK’s most active land promoters has further increased his stake in property developer Henry Boot. David Gladman, who is estimated to be worth more …
Santander UK profit slides amid mortgage price war and rate cut expectations
Santander UK has reported a 29 per cent slump in profit as the boost from higher interest rates fades and a fiercely competitive mortgage market forces it to offer better …
Coca-Cola HBC hit by exchange rate headwinds despite sales growth
Coca-Cola HBC, bottling giant behind Coca Cola and other major soft drinks, has announced 12 per cent sales revenue growth despite exchange rate headwinds. The bottling giant however said revenue …
Growth markets India and Thailand help Prudential keep up the momentum
Life and health insurance group Prudential has made a good start to the year as new business grew 11 per cent in the first quarter. According to a trading update …
Morrisons tackles debt pile with £2.5bn petrol forecourts sale
Morrisons has closed a £2.5bn deal to sell its 347 petrol stations to Motor Fuel Group (MFG). Both Morrisons and MFG are owned by Clayton Dubilier & Rice (CD&R), the …
Challenging macro backdrop weighs on kitchen giant Howden’s first quarter numbers
Trade kitchen company Howden’s has reported UK frevenue up 5.4 per cent year on year in the first quarter of 2024 and revenue from international depots up 4.6 per cent. However, due …
Mowgli Street Food: Record sales at Nisha Katona’s fast-expanding restaurant chain
Mowgli Street Food, the restaurant chain run by celebrity chef Nisha Katona, entered the red despite posting record sales during its latest financial year. The Liverpool-headquartered eatery has reported a turnover …