Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn. In an update, the publicly listed firm said revenue …
Financial Planning
FTSE 100 live: HSBC and Glencore weigh on London’s premier index
HSBC and Glencore weighed on the FTSE 100 after markets were disappointed with the latest results, dragging the capital’s premier index into the red on Wednesday morning. The FTSE 100 …
Reinsurer Conduit Re sees underwriting business surge as clean balance sheet offers ‘tremendous freedom’
Pure-play reinsurance firm Conduit Re has reported a surge in business underwritten for 2023 and said its strong balance sheet offers “tremendous freedom.” The news sent shares up five per …
BT Tower to be turned into Heatherwick-designed hotel by US giant
London’s iconic BT Tower has been sold to a US hotels giant for £275m – with the iconic structure to be turned into a Thomas Heatherwick-designed hotel. BT Group has …
New landmark arena planned by operator of The 02 in London
The company that runs The 02 in London has submitted plans for a new 8,500-capacity arena in Edinburgh. AEG Europe said the venue, which would be located in the Edinburgh …
Urban Logistics: Bidding war erupts over Abrdn property trust
A bidding war has erupted over the Abrdn Property Income Trust, as the £592m Urban Logistics REIT has made a counteroffer to Custodian Property Income’s bid for the trust. In …
Tate & Lyle blames inflation for slip in revenue
British food science operation Tate & Lyle blamed a weak customer demand and inflation for a fall in volumes and revenues. In an update this morning, the public company revealed …
Government banks largest monthly surplus on record ahead of Spring Budget
The government recorded its largest monthly surplus since records began in January, helping borrowing in the year-to-date come in over £9bn below official forecasts. According to figures from the Office …
Heathrow turns first profit since pandemic amid Middle East takeover speculation
Heathrow Airport has turned its first profit in four years amid speculation that a consortium of Middle Eastern, state-backed investment funds could become prominent shareholders in the hub. Europe’s largest …
GSK reports robust results from latest trial with injectable HIV treatment
GSK has today reported favourable findings from the Latitude phase III study of its long-acting injectable antiretroviral treatment (ART) for HIV. The study was conducted by Viiv Healthcare, the global …