Oil producer Enquest saw revenue fall drastically in 2023 but announced a share buyback in a year of trading hampered by lower oil and gas prices and the continuation of …
Investing
Chesnara: Insurance administrator plots acquisitions and hikes dividend for 19th straight year
Insurance and pensions administrator Chesnara plans to ramp up its acquisition strategy and raise its dividend for the 19th year in a row on the back of strong annual earnings. …
‘Unnecessarily costly and regulatorily burdensome’: AIM slammed as another firm quits
A second listed business has announced plans to quit the London Stock Exchange’s AIM in as many days. Specialist infection prevention and control specialist Byotrol said its directors have “concluded …
Keysight outbids Viavi in £1.15bn takeover of Spirent Communications
Another UK firm has become the target at the centre of a bidding war between two larger US peers. Earlier this month, the telecoms testing service provider Spirent Communications agreed …
“It’s the Champion’s League of food”: Why one Parisian is all-in on London
LONDON’S hospitality scene is set for another vote of confidence with the opening of a second site by iconic Parisian restaurant group Moma, this time at the Langham Hotel. Mimosa, …
UK recession confirmed as revised figures deal fresh blow to Rishi Sunak
Latest official figures have confirmed that the UK fell into recession at the end of last year in a blow to prime minister Rishi Sunak’s economic policy. Data from the …
JD Sports: Sales grow as it holds guidance on hopes of a rebound
Athleisure giant JD Sports said it was trading in line with its lowered expectations, as the firm pinned its hopes on an improved consumer outlook for the year ahead. The …
Thames Water: Future uncertain as shareholders pull £500m injection
Shareholders in Thames Water will not give the embattled water firm millions of pounds of critical funding – raising serious doubts about the firm’s viability. In a statement on the …
AO World poised to reach top range of guidance as revenue grows
Electrical retailer AO World expects profit for the year to be at the top range of its previously guided forecast. The business, which calls Frasers Group its largest shareholder, told …
Profit at Lloyd’s of London surges thanks to higher interest rates and premiums
Lloyd’s of London said profit jump in 2023 as the market escaped large insurance losses and benefited from higher returns on its investment portfolio. The market reported an underwriting profit …