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 …
Investing
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 …
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform
Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms …
Adieu City A.M. Towers: A toast to the Tiktokers
As City A.M. bids adieu to its current home, Lucy Kenningham considers The Tiktokers With change comes loss. As City A.M. prepares to leave its current riverside offices, dubbed City …
Derwent London upgrades rental guidance after ‘strong’ leasing performance
An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance. In its half-year results this morning, the FTSE 250 …
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour
Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Gross transaction value (GTV) came in …
Shawbrook: Underlying profit dips as challenger bank’s margins narrow
Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins. …
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares
Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s …