UK oil giant BP has emerged from the last few months of instability with a set of results beating analyst forecasts, despite a halve in profits from the year prior. …
Personal Finance
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’
The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers “reward the economy” for progress on inflation. Policymakers …
GSK announces breakthrough with blood cancer treatment drug Blenrep
Biotech giant GSK has announced a potential breakthrough in the treatment of relapsed or refractory multiple myeloma, a type of blood cancer, with its Blenrep drug. In an interim study, a …
K-Pop event firm’s shares remain suspended as losses continue to spiral
Live Company, the firm behind children’s live entertainment group Bricklive and K-Pop Lux has published its 2022 financial accounts after a six month delay which resulted in it being suspended …
Sober shaming: One in five pressured to drink by friends
Dry January is over, but ‘sober shaming’ is a year-round issue. Addiction rehab expert at Rehabs UK Hannah Levi answers searchers’ most pressing questions. Alcohol Change UK, found that 1 in 5 …
Palantir: US tech firm with lucrative NHS contract sees AI sales soar
Shares in US tech firm Palantir, which recently won a multi-million-pound contract with the NHS, jumped nearly 20 per cent in after-hours trading yesterday after it said demand for artificial …
Renishaw: UK precision technology manufacturer struggles continue as profit plunges
British machine and semiconductor manufacturing giant Renishaw continued to struggle in the second half of last year, following a profit warning in the first half. The FTSE 250 listed company …
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods
Mattioli Woods saw its revenue and profits increase during the first half of its financial year. The Leicester-headquartered wealth manager has reported a revenue of £59.1m for the six months …
‘Too early to tell’ the financial hit as BP rig downs tools after pipe goes AWOL
A gigantic oil rig performing sub-sea drilling for UK supermajor BP has malfunctioned in bad weather, reports suggest. Upstream Online has said that the semi-submersible rig known as Ocean GreatWhite, …
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss
UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival …