The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout. The …
Investing
London pub group handed lifeline after administration and closure woes
A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m rescue deal. RedCat Pub Company, which was founded …
FTSE 100: London edges higher after Monday’s massive sell-off
London markets edged higher on Tuesday morning after yesterday’s market sell-off as analysts hoped that some “normalcy” was returning to markets. The blue-chip FTSE 100 was trading 0.30 per cent …
Hargreaves Services’ profit slumps due to issues at company’s German joint venture
Industrial services group Hargreaves Services has reported a near-halving of profit despite a robust performance across its operations as profit at its German joint venture fell. The London-listed group, which …
Principality Building Society’s profit nearly halves as lower rates offset mortgage boost
Principality Building Society, the largest mutual lender in Wales, has seen its profit nearly cut in half as mortgage price wars and looming interest rate cuts dragged on its lending …
IHG: Profit dips at Holiday Inn owner despite room rate rises
Intercontinental Hotels Group (IHG), which owns the likes of the Holiday Inn chain, saw its revenue rise during the first half of 2024 thanks to a strong performance in Europe, …
Domino’s Pizza launches fresh share buyback on ‘confidence in future prospects’
Domino’s has reported a strong second quarter boosted by the Euro 2024 championship, as the fast-food giant announced a share buyback programme of £20m, In a report to markets this …
Sig profit plummets as cracks show in UK flooring market
Profit at building supplier SIG has plummeted amid “prolonged challenging trading conditions” across European markets. Underlying operating profit fell to £11.7m in the first half of the year, close to …
Epwin poised for £25m profit in 2024 despite revenue dip
Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results …
Thames Water fined £104m over wastewater failures in landmark Ofwat investigation
Three water firms have been fined £168m for failing to manage their wastewater treatment works and networks properly, Ofwat has announced today. Thames Water has been fined £104m, Yorkshire Water …