The UK’s banking and financial regulators have slapped Wall Street titan Citigroup with a £61.6m fine for trading systems and controls failures that led to $1.4bn (£1.1bn) worth of European …
Estate Planning
British Land: Shift away from shopping centres helps deliver full year growth
British Land said its strategy of shifting its focus away from assets such as shopping centres is “delivering”, as it posted modest growth in its full year results. On Wednesday, …
Empiric Student Property ‘poised for growth’ as rent income rises
Empiric Student Property said it is “poised for growth” over the 2024 academic year as income from rents continues to rise. The firm, which owns and operates student accomodation at …
Arbuthnot: Historic London-listed bank posts bumper 2023 profit
Arbuthnot Banking Group has reported steady loan and deposit growth in 2024 as it continues to benefit from higher interest rates. In a trading update on Wednesday, the London-listed historic …
Regional REIT posts steady earnings amid wider uncertainty
Property investment trust Regional REIT posted a solid performance in the first quarter, with rent income, collection rates and property value all staying steady despite ongoing uncertainty. The firm, which …
London-listed software firm Idox has 20 per cent revenue boost on ‘healthy’ M&A pipeline
Software company Idox has reported solid earnings and reduced its debt in the first half of the year. The London-listed firm said it generated around £43m in revenue in the …
Unforgotten season 6 maker enjoys bumper year ahead of popular ITV show’s return
The television studio owned by ITV behind the latest series of popular detective drama Unforgotten enjoyed a bumper 2023 with its revenue rising to its highest level for eight years. …
Marks and Spencer smashes analyst expectations, but Ocado venture remains ‘disappointing’
Marks and Spencer has beaten analysts’ expectations, posting a 58 per cent jump in profit before tax for the full year, as chief Stuart Machin reaps the benefits of the …
Raspberry Pi aims to raise £31.4m as it confirms intention to float in London
In a boon for London, Raspberry Pi, a leader in low-cost, high-performance computing has today confirmed its intention to float on the Main Market of the London Stock Exchange in June this …
Blow for Jeremy Hunt’s tax cut hopes as borrowing beats expectations in April
Jeremy Hunt’s hopes of cutting taxes again before the election received another blow after government borrowing came in ahead of expectations in April. According to figures from the Office for …