Hydrogen power company Geopura has secured a £56m investment which will help create hundreds of jobs, it has been announced. The Newcastle upon Tyne-headquartered business has received £30m from the …
Personal Finance
Nestle: Kit Kat and Nescafe maker’s sales below par as inflation hits demand
Nestle, the Kit Kat and Nescafe coffee maker, reported lower than expected sales for the full year, as high inflation continued to impact customer demand. In an update, the Swiss …
Lloyds announces record annual profits but sets aside £450m for FCA motor finance probe
Lloyds Banking Group has reported an uptick in annual profits on the back of higher interest rates while setting aside £450m for an FCA motor finance probe. The group also …
Hargreaves Lansdown reaps cash interest reward as market growth pushes up assets under new CEO
Hargreaves Lansdown reported market growth and interest from cash push its assets under administration for the firm up to £142.2bn. Market growth pushed up assets by £7.2bn for the firm …
Rolls-Royce: Profits more than double at British engineering and defence giant
Rolls-Royce profits more than doubled last year alongside record free cash flow, as engineering giant’s new chief executive led a remarkable turnaround. Underlying operating profit jumped to £1.6bn from £652m, …
Diamond slump weighs on Anglo American’s profits
The chief executive of embattled miner Anglo American has today said a “value over volume approach” will help his firm get back on track after profits plummeted last year. The …
Why Hays’ first half results should have us worried about the job market
The chief executive of global recruitment firm Hays has said he is “not satisfied” with the company’s performance as demand for permanent jobs slipped again amid an increasingly difficult economic …
London Stock Exchange is proving a boon, says newly floated funds group Amicorp
Funds specialist Amicorp said it is feeling the lift of its new London listing today in a rosy reading of the London Stock Exchange after a gloomy year for the …
Advertising giant WPP looks to AI to improve performance as growth grinds to a halt
Advertising giant WPP has today reiterated its plans to invest £250m in proprietary technology to enhance its AI and data position as it looks to cut costs and improve productivity. …
Jupiter: Fund manager profits surge in better-than-expected results
London asset manager Jupiter surprised markets by exceeding expectations in its annual results, as profits surged to £105.2m, 15 per cent ahead of analyst forecasts. The firm’s results for 2023, …