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 …
Investing
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 …
Rathbones profit skyrockets 120 per cent as Investec merger pays off
Rathbones Group’s underlying profit before tax skyrocketed 120 per cent in the first half of the year, as the group ran well ahead of targets following its merger with Investec …
GSK raises guidance after second quarter sales provide shot in the arm
London-listed pharma giant GSK has raised its guidance after a strong second quarter beat market expectations, boosted by its cancer and HIV portfolio. Total sales in the second quarter of …
One year on, is the consumer duty helping or hindering the City?
Today, the consumer duty’s final deadline comes into force. The set of regulations implemented by the Financial Conduct Authority a year ago has finally been set in stone for so-called …
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform
Housebuilder Taylor Wimpey suffered a dent in revenue and profit in a set of half year results in which it hailed the new government’s “recognition” of planning laws as being …
Rio Tinto profit edges higher as miner eyes copper takeover
Rio Tinto’s profit edged up 1.8 per cent during the first half of the year, as the miner has begun to eye a takeover in the copper space. While the …
Just Eat: Brits lead the way for takeaway giant as revenue dips
Brits willing to shell out cash on takeaways fuelled Just Eat in the first half of the year, but negative growth in north America and southern Europe led to a …
Crypto-Friendly Sygnum Bank Posts Record Profit and $4.5 Billion in Client Assets
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Sygnum Bank has announced …