UK investors poured £1.2bn into funds during June, after a drought of investment from the retail space, data from the Investment Association has revealed. Despite pulling over £24bn from funds …
Financial Planning
Will the Bank of England cut interest rates again? Experts are divided
Economists are divided about the likely path of interest rates after the Bank of England reduced the Bank Rate for the first time since 2020 last week. Following the decision, …
British Business Bank posts second straight loss as tech valuations struggle
State-owned lender the British Business Bank has recorded a second straight annual loss as a decline in start-up valuations weighed on its financial performance. The bank, which aims to boost …
CRH: Irish building supplies giant upgrades guidance as profit ticks up
Irish building materials giant CRH has upgraded its guidance for 2024 after its profit ticked up in its second quarter as a string of acquisitions helped to offset the impact of wet …
Natwest to ‘suffer significant shortfall’ with a 90 per cent loss after Island Poke collapse
Natwest is on course to “suffer a significant shortfall” following the collapse of London-based Hawaiian food chain Island Poke, it has been revealed. The bank is one of the major …
TI Fluid’s shares spike as firm outperforms soft EV market
Shares at fluid storage company TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised guidance and outperformed a weak market. Revenue at the FTSE-250 listed …
Ben Ainslie on America’s Cup, Sir Jim Ratcliffe and backing Ineos Britannia
Ineos Britannia is a boat designed to do something Great Britain has never done before: win the America’s Cup. It is the oldest international sporting trophy in the world and …
Harbour Energy returns to profit despite falling revenue and cash flow
Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas producer suffering a dip in revenue and cratered free cash flow. The …
Watchdog cracks the whip on crypto firms after compliance failures
The Financial Conduct Authority has complained that crypto companies are failing to comply with new rules regulating their advertising, with many attempting to skirt the rules. “We have seen firms …
Housing operator Mears ups guidance as Ministry of Defence extends contracts
Affordable housing operator Mears has reported an “excellent” set of results driven by government social housing contract wins and high demand from immigration-related services. Mears, which manages 17,000 houses for …