Vinted has reportedly contacted investors about a share sale, which could value the company at as much as £3.9bn. The resale platform has contacted investors to gauge their interest in …
Investing
Pensions take another step towards private markets in Schroders Phoenix joint venture
Schroders and Phoenix Group have launched a new private markets manager, Future Growth Capital, with £1bn in backing. The new joint venture between the asset manager and pension giants is …
FTSE 100: BP, Shell and oil prices surge on assassination of Hamas leader in Iran
The FTSE 100 jumped over a hundred points on Wednesday morning, after the assassinations of two Hamas and Hezbollah leaders caused the index’s energy and commodities constituents to surge. Shares …
Rio Tinto chief rejects calls to drop London FTSE listing to focus on Australia
Rio Tinto’s chief executive has rejected calls from investors to drop the firm’s UK listing and focus on Australia. The world’s second biggest miner holds a dual-listing on the London …
TV star’s daughter adds to Team GB medal tally as Brits start day with a bang
Team GB started Wednesday with a pair of Olympics medals, with Andrea Spendolini-Sirieix and Lois Toulson matching the bronze won by triathlete Beth Potter just moments earlier in Paris. Spendolini-Sirieix …
Rachel Reeves: ‘I think we will have to increase taxes’
The Chancellor has confirmed that she is likely to raise taxes in the October Budget as she attempts to deal with a challenging fiscal inheritance. Speaking on the News Agents …
Reach: Profit picks up at Mirror publisher despite falling revenue
The Euros and “effective” action on costs helped publisher of the Mirror Reach successfully to shore up its bottom line despite continued dents to revenue. Operating profit at the publisher …
Metro Bank on track for profitability later this year despite swinging to loss
Metro Bank expects to return to profitability in the final quarter of this year as the lender attempts to stage a recovery from a volatile year. In the first half …
Wickes: Brits still holding back on big-ticket items as DIY goods preferred
Wickes reported a mixed set of results for the half of the year, with consumers still unwilling to spend on big-ticket items but happy to buy DIY retail goods. Overall …
HSBC unveils another £2.3bn buyback in CEO Quinn’s last results
HSBC announced yet another share buyback scheme and upped its guidance for the remainder of the year after beating expectations in the second quarter. Pre-tax profit increase to $8.9bn in …