Shares in telecommunications tower company Helios Towers plunged more than 12 per cent in early trading on Friday after it said it has racked up a larger debt pile in …
Estate Planning
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double
The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. …
BT shares slump as investors fret about FTSE 100 giant’s recovery potential
BT shares have plunged in early deals this morning as investors started to fret about the outlook for the FTSE 100 company. While the firm issued an upbeat set of …
Beazley’s profit breaks another record as Lloyd’s of London insurer improves full-year outlook
Lloyd’s of London insurer Beazley more than doubled its profit in the first half of 2024 as it continued to break records and improved its outlook for a key measure …
Recruiter Page Group’s profit craters as jobs market slowdown continues
Recruitment giant Page Group’s profit more than halved as the industry grapples with a slowdown in hiring among UK employers and wide macro-economic uncertainty. Pre-tax profit fell 56.2 per cent …
Competition watchdog escalates probe into £2.5bn Barratt and Redrow merger
The Competition and Markets Authority has ruled the £2.5bn merger between Barratt and rival housebuilder Redrow would likely result in a “substantial lessening of competition.” In a statement published today, the …
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform
Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms …
Adieu City A.M. Towers: A toast to the Tiktokers
As City A.M. bids adieu to its current home, Lucy Kenningham considers The Tiktokers With change comes loss. As City A.M. prepares to leave its current riverside offices, dubbed City …
Derwent London upgrades rental guidance after ‘strong’ leasing performance
An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance. In its half-year results this morning, the FTSE 250 …
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour
Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Gross transaction value (GTV) came in …