The City of London Investment Group (CLIG) announced its 2023 half-year results as for the first time, the group reported in US dollars. For the second half of 2023, its …
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Ofgem drops retail energy price cap to lowest level in two years in boost for households
The UK’s electricity and gas watchdog has lowered the energy price cap for consumers to the lowest level in two years. Ofgem this morning said the price cap will fall …
CAB Payments chief set to step down after float flop
The boss of fintech firm CAB Payments has announced he will step down under a year after its disastrous float on the London Stock Exchange. Bhairav Trivedi, who led the …
US lands on moon for first time in 52 years with spacecraft the size of a red phone box
A private, unmanned spacecraft has landed on the moon for the first time in more than 50 years. Intuitive Machines’s Nova-C Odysseus lander touched down on the Moon at 23.23pm …
Leeds Building Society sees record number of new members as consumers snap up savings deals
Leeds Building Society (LBS) reported a record year for net savings inflows of £2.7bn over 2023, which allowed it to self-fund more than half of its own mortgage lending. The …
Coca-Cola Europacific snaps up Philippines fizzy drink maker in $1.4bn deal
Coca-Cola Europacific Partners (CCEP) has acquired its peer in the Philippines in a deal valued at $1.8bn (£1.4bn). The European bottler and manufacturer of sugary fizzy drinks completed the deal …
Chemring reports record backlog ahead of annual meeting as higher defence spending benefits group
Aerospace and defence group Chemring has announced “unchanged” full-year expectations ahead of its AGM later today. However, the group also told investors its order backlog now stood at a record …
Waste firm fined almost £70K after cyanide leak kills hundreds of fish
A UK waste firm has been slapped with a hefty fine after a cyanide leak led to hundreds of fish dying. J & G Environmental Ltd of Fareham, Hampshire, was …
After The Body Shop, how many more household names are on the brink?
The beauty retailer is far from the only big brand that could be in trouble – and businesses need to be prepared, argues insolvency expert Roger Hutton The Body Shop …
Standard Chartered sets out plans to return billions to investors as chief bemoans bank’s valuation
Standard Chartered joined the ranks of lenders that have reported bumper earnings today. The bank reported statutory pre-tax profits for the final three months of 2023 of $1.1bn (£0.9bn) and …