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    The UK has slipped down a vital economic index – but it’s not too late

    February 28, 20240244 views

    The UK has hit its lowest point on record on the Index of Economic Freedom – and historian, sociologist and economist Dr Rainer Zitelmann warns significant changes are required in…

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    Klarna posts fifth straight annual loss as buy-now pay-later giant eyes up New York listing

    February 28, 20240285 views

    Buy-now pay-later giant Klarna has reported its fifth consecutive annual loss as the fintech gears up for a blockbuster IPO. The Swedish firm, posted a net loss of 2.5bn kronor…

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    Strong demand for shares allows Segro to tap investors for £900m to fund growth and new data centres

    February 28, 20240241 views

    Warehouse giant Segro has raised £900m from investors to invest in its pipeline of development projects. Announced after markets closed on Tuesday, the company initially said it would be looking…

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    St James’s Place shares plummet as bosses set aside £426m for complaints

    February 28, 20240232 views

    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…

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    Digital 9 Infrastructure lays out plans to shutter trust

    February 28, 20240245 views

    The board of embattled investment trust Digital 9 Infrastructure has today laid out plans to wind down the company. After announcing that the trust would be pursuing a managed wind-down…

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    Profit slips at the Co-op Bank as Coventry Building Society continues to circle

    February 28, 20240250 views

    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…

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    Aston Martin’s losses more than half on higher prices despite hit to wholesale volumes

    February 28, 20240236 views

    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…

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    Thames Water refuses to be drawn on claims it’s lobbying Ofwat and Defra for ‘regulatory easements’

    February 28, 20240268 views

    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…

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    Halfords issues another profit warning as demand for cycling falls flat

    February 28, 20240267 views

    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…

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    Jaguar Land Rover owner Tata confirms site for mega £4bn Somerset gigafactory

    February 28, 20240244 views

    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…

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