Heineken has taken a €874m (737m) impairment charge on its investment in China’s largest brewer, leading it into the red and causing shares to drop by seven per cent in …
Estate Planning
Wetherspoon boss Tim Martin nets almost £10m in share sale
The founder of JD Wetherspoon has sold almost £10 million worth of shares in the pub giant. Shares in the business dropped in early trading as a result. Tim Martin, …
Tom Daley wins fifth Olympic medal as Team GB add to tally at Paris 2024
Team GB’s Tom Daley and Noah Williams have won silver in the men’s synchronised 10m platform diving at the Paris 2024 Olympics. It is a fifth medal in as many …
FTSE 100: London inches towards all-time high as markets anticipate rate call
FTSE 100 stocks started the week with a surge, rising one per cent in the three hours after the opening bell, as the market holds its breath on whether the …
Mortgage market treads water before of Bank of England interest rate decision
The mortgage market continued to tread water in June as households look for some certainty about when the Bank of England might start cutting interest rates. Bank of England data …
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears
Shares in consumer giant Reckitt Benckiser plunged nearly 10 per cent in early trades after a US jury found Abbott Laboratories failed to warn consumers about the health risks of …
Entain: Ladbrokes owner’s revenue from US hits $1bn as gambling giant doubles down on expansion
Ladbrokes owner Entain’s aggressive marketing push in the US helped the gambling firm’s American division to bring in over a billion dollars (£780m) of revenue in the first half of …
Chaos resolved at London Gatwick Airport as Just Stop Oil arrested for blocking departure gate
Just Stop Oil activists have been arrested at Gatwick Airport after blocking departure gates in the South terminal. Seven protestors entered the terminal and used suitcases with lock-on devices to …
Lloyds housing fund snaps up £300m Watkins Jones scheme in London’s Stratford
A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly …
Smallcap trust Smithson struggles to find hidden gems as net asset value drops by nearly two per cent
Smallcap-focused Smithson Investment Trust struggled to find the diamonds in the rough as its net asset value dropped 1.8 per cent over the last six months. “Our performance so far …