Britain’s biggest wealth manager St James’s Place shed more than a quarter of its value this morning after it slashed its dividend and warned the cost of dealing with a …
Investing
Profit slips at the Co-op Bank as Coventry Building Society continues to circle
Rising costs hit the Co-op Bank’s profit in 2023 as the lender confirmed that takeover talks with Coventry Building Society “remain ongoing.” Pretax profit fell from £132.6m to £71.4m in …
Aston Martin’s losses more than half on higher prices despite hit to wholesale volumes
Aston Martin’s losses more than halved in its full-year results, despite a hit to wholesale volumes after production issues with the roll-out of its DB12 model in November. Pre-tax losses …
Halfords issues another profit warning as demand for cycling falls flat
Halfords has issued another profit warning as the cycling and motoring retailer continued to be impacted by a “weakening” demand for its goods. Shares in the firm fell by over …
Thames Water refuses to be drawn on claims it’s lobbying Ofwat and Defra for ‘regulatory easements’
Thames Water has refused to be drawn on a bombshell report that it is lobbying both the government and regulator to avoid a bailout, with customers footing the bill. The …
Jaguar Land Rover owner Tata confirms site for mega £4bn Somerset gigafactory
Jaguar Land Rover owner Tata has confirmed the site for the UK’s biggest electric vehicle battery factory. The Indian Conglomerate confirmed it would invest £4bn into building the giant gigafactory …
Office giant Derwent London upgrades 2024 outlook as rental growth exceeds expectations
Office giant Derwent London has upgraded its expectations for 2024 as demand for its central London properties remained robust. In the firm’s 2023 results, it revealed it had brought in …
Endeavour Mining reports death at Burkina Faso gold site
London-listed firm Endeavour Mining has reported a fatality at one of its sites in Burkina Faso. The FTSE 100 firm said a worker was killed on Tuesday at the Mana …
Alfa Romeo’s Formula 1 team supplier AB Dynamics maintains 2024 outlook on ‘solid’ orders
AB Dynamics, the provider of robots and simulators for Alfa Romeo’s Formula 1 team, maintained its financial outlook for 2024 this morning after reporting a “solid order book.” The firm …
Country Garden hit with winding up petition in latest threat to China’s real estate sector
China’s property crisis shows no sign of abating after Country Garden, the country’s largest property developer, was hit by a winding up petition from a creditor. The liquidation petition was …