Discounter Aldi is dishing out financial rewards to London property agents who help them find new supermarket sites. It is part of the German supermarket’s £500m investment into bringing more …
Retirement Planning
Esken: Former Eddie Stobart owner to enter administration
Esken, the former owner of Eddie Stobart, has announced it will enter administration later today. The company, which is registered in Guernsey and based in London, has said it is …
Secure Trust Bank hails record lending growth despite 24 per cent profit drop
Secure Trust Bank has posted record lending growth in 2023, while annual profit fell due to one-off charges. The specialist lender reported that its net lending book grew 13.6 per …
UK economy sees another ‘robust expansion’ in March as manufacturing sector improves
The recovery of the UK economy looks set to roll on as business activity continued expanding in March, a closely watch survey suggests. S&P’s purchasing managers’ index (PMI), which measures …
Direct Line brings back dividend but warns there’s still work to be done
Insurer Direct Line has posted an annual operating loss of £189.5m for 2023 as it battled claims inflation, but it has restored its dividend in a boost for income investors. …
Government borrows more than expected in February, but on track for lowest annual total in four years
The government borrowed more than expected in February, but borrowing in the financial year was still on track to be its lowest for four years. According to figures from the …
Virgin Money agrees to £2.9bn Nationwide takeover
The board of Virgin Money has accepted a £2.9bn takeover offer from high street rival Nationwide to create the UK’s second-largest provider of mortgages and savings. The takeover, which Virgin …
Next: High street champion trades ahead of expectations again
Fashion retailer Next has traded ahead of expectations again, reporting a record pre-tax profit of £918m during the full year. This is three million pounds ahead of the guidance of …
Gatwick: Britain’s second-busiest airport boosted by new airlines and station revamp
London’s Gatwick Airport reported another strong set of passenger figures for the year, boosted by a string of new airlines making it its home and a revamp of its station. …
Asset manager M&G tops City expectations as firm remains ‘on track’ for its 2025 targets
Insurer and asset manager M&G posted profit above analysts’ expectations in 2023 while recording net inflows despite the challenging market environment. The firm’s assets under management and administration picked up …