Shares in inter-dealer broker TP ICAP jumped as much as 15 per cent on Wednesday after its half-year profit beat market expectations and it launched a third share buyback programme. …
Financial Planning
British Basketball League champions placed in administration after 777 collapse
Administrators have been appointed at dual British Basketball League champions London Lions as former owners 777 Partners’ sporting empire continues to unravel. London Lions, who have been at the forefront …
BMW back in the black after UK sales move up a gear
The UK arm of BMW surged back into the black during 2023 thanks to a jump in sales across all its brands. The Hampshire-headquartered division has reported a pre-tax profit …
Glencore: FTSE 100 mining giant opts against coal spin-off after investor feedback
Glencore no longer plans to demerge its coal business after an “overwhelming majority” of shareholders told the mining giant to retain the division. The FTSE 100 constituent had planned to …
Property Franchise Group heralds ‘transformational’ growth after Belvoir deal
The Property Franchise Group (TPFG), which operates brands including Hunter’s and Ellis & Co, has announced booming revenue following the acquisition of Belvoir and Fine & Country. Aim-listed TPFG, which …
Profit soars in bumper year for Goodwin as investments pay off
Engineering group Goodwin PLC has reported another bumper year as efforts to break into new markets begin to pay off. The London-listed company saw its revenue soar to £191m in …
Late surge calms management’s fears at bathroom brand Samuel Heath
British tap and bathroom accessory maker Samuel Heath said its sales had “turned out considerably better than the board had feared” thanks to a surge in orders in the final …
Thames Water handed more special measures from Ofwat after credit rating downgrade
Thames Water will be made to appoint an independent monitor and develop a “suitable” turnaround plan as part of a raft of new measures from the regulator after the its …
Hiscox: Lloyd’s of London insurer reports ‘robust growth’ despite a more ‘active loss environment’
Hiscox, the Lloyd’s of London insurer, has reported another set of strong results as the company has continued to benefit from a hard insurance market. In its interim results for …
Legal & General beats profit estimate and raises dividend amid strategic overhaul
Legal & General (L&G) has raised its dividend as its profit for the first half of 2024 exceeded expectations, after its new chief promised a “simpler” future. The FTSE 100 …