Sygnum Bank, Hamilton Lane, and Apex Group have launched a cross-industry project to expand access to private markets using blockchain. The groups have launched a new share class registered on …
Investing
London Stock Exchange owner: ‘Encouraging’ signs of listings revival after historic slump
The owner of the London Stock Exchange, LSEG, said today it was seeing an “encouraging IPO pipeline” for the year ahead today as it looks to rebound from a historic …
Silverbullet slashes losses as switch to AI by global giants boost sales
AI firm Silverbullet slashed its losses and saw its revenue surge during 2023 thanks to a major shift by global brands. The London-based company has said its total group revenue …
Drax bumps up dividend as pellet-burning fuels bumper profit
Power generation firm Drax has shrugged off a run of bad public relations showings to post a bumper set of 2023 results. Adjusted earnings before interest, taxes, depreciation, and amortisation …
Profit falls at Yorkshire Building Society but lender has record demand for savings products
Profits slid at Yorkshire Building Society as a result of higher costs linked to inflation but the lender saw record demand for its savings products. Pretax profit fell to £450m …
Ocado: Surging tech solutions growth drives sales for Sparks-linked online grocer
Online grocery giant Ocado has reported improved revenues driven by improvements in its retail and technology businesses. The retailer and automation giant which is linked to Marks and Spencer, said …
IAG: British Airways owner hits £3bn profit and boss says plenty more to come
British Airways owner IAG reported a record €3.5m (£3bn) operating profit in its full-year results this morning after travel demand boomed in 2023. The number was nearly triple last years’ …
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London
West End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year. In a trading update, the group, which owns 2.9 million square feet of lettable …
Low wind speeds hit Greencoat UK Wind’s portfolio
Schroders-run investment trust Greencoat UK Wind saw its net asset value drop slightly over the last year, as the trust struggled with a drop in wind speeds and lower power …
‘We are far from done’: Spectris CEO hails ‘excellent’ year as sales near £1.5bn
Revenue neared £1.5bn at Spectris, the supplier of precision instrumentation and controls, during 2023 with its chief executive hailing the company’s “excellent progress”. The London-headquartered company has reported a revenue …