London-listed engineer Spirax said it missed expectations as the firm flagged a “weak” macroeconomic environment across its key markets. In its half-year results out this morning, the company said on …
Financial Planning
Morgan Sindall: FTSE 250 construction group continues run of growth
Construction and regeneration group Morgan Sindall has reported yet another half of double-digit revenue and profit growth. The FTSE 250 constituent, which is headquartered in London and helped expand Whitechapel …
Assura: Group snaps up 14 private hospitals as firm gears up for Labour spending spree
Healthcare property giant Assura has announced a £500m acquisition of a UK private hospital portfolio from Canadian group Northwest Healthcare Properties. The move comes following Labour’s commitment to use more …
FTSE 100: London markets fall as JPMorgan sees 35 per cent chance of US recession by end of year
London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession. The …
Helios Towers shares drop: Debt rises, revenue and profit lifts as guidance ‘tightened’
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 …
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 …