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 …
Financial Planning
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 …
Glencore reports steep drop in profit as the good times come to an end for the mining giant
Glencore has reported a drop in profit and reduced shareholder returns following the “normalisation of international energy flows.” The firm’s full-year 2023 figures showed the group reported earnings before interest, …