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 …
Financial Planning
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 …
Shawbrook: Underlying profit dips as challenger bank’s margins narrow
Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins. …
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares
Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s …
Entain: FTSE 100 giant’s strategy ‘bearing fruit’ as Ladbrokes owner’s loss narrows
Gambling and entertainment company Entain has reported a narrower loss and upgraded its guidance amid signs the FTSE 100 company’s strategy is “bearing fruit.” The Ladbrokes owner booked a loss …
Savills hails ‘signs of market recovery’ as half-year sales and profit rise
Sales and profit increased at estate agent Savills in the first half of 2024 as both commercial and residential markets begin to show signs of recovery. The FTSE 250-listed firm …
Congratulations France, but Paris 2024 legacy must now be human
This is a Paris you’ve never known and never will again. Empty side streets speak of Parisians good to their threats to vacate for the Olympics. Hotel receptionists attest to …
The Debate: Should we finally say goodbye to Twitter/X?
City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. Today, a special guest appearance from former debate …
All the best offices are embracing the Great Outdoors (so leave HSBC alone)
From smoking den to outdoor zen – offices are embracing green spaces, says Lucy Arthur A newly announced plan to cut chunks out of the 45-storey HSBC tower in Canary …
It’s impossible to understand the riots without discussing austerity
The UK has forgotten the lessons of the Marshall Plan. Poverty breeds extremism, says Sam Fowles After the Second World War, President Truman tasked his secretary of state George Marshall …