One of London’s most popular Mexican chain restaurants, Tortilla Mexican Grill, has announced the departure of its long-serving boss and their successor. Andy Naylor is the new CEO of Tortilla …
Investing
FTSE 100 live: London flat on busy results morning dominated by Lloyds
London’ FTSE 100 was relatively flat following a busy series of results from Lloyds, Rolls-Royce, Beazley and Indivior, the latest firm to jump from the capital’s markets. The capital’s blue-chip …
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes
The UK’s biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins. A City A.M. analysis of company …
Beazley plans additional shareholder returns, pushing up share price 8.8 per cent
Insurer Beazley has said shareholders will reap the rewards of a strong 2023 as it aims to put $300m (£236.7m) into their pockets. The move has pushed the firm’s share …
Indivior plans primary US listing in another hit to London’s flagging equity market
Indivior, the opioid dependence treatment maker has today said it will start consultations with shareholders on plans to shift its primary listing to the US in yet another blow to …
Safestore Holdings: Revenue slips amid ‘challenging economic environment’
Safestore Holdings, the UK’s largest provider of self storage containers, saw revenue slip in the first quarter citing a “challenging economic environment.” In an update, the FTSE 250 firm which …
Hikma shares spike after pharma giant’s profit up 30 per cent
Pharmaceuticals giant Hikma’s share price spiked on Thursday after reporting a 30 per cent increase in profit, but it expects them to be slightly lower in 2024 than last year. …
Gymshark: Profits continue to fall despite surge in sales
Profits continued to fall at Gymshark during its latest financial year despite its sales surging past £550m, newly-filed documents have revealed. The Solihull-headquartered business posted pre-tax profits of £13m for …
Hydrogen power firm Geopura to create hundreds of jobs after £56m investment
Hydrogen power company Geopura has secured a £56m investment which will help create hundreds of jobs, it has been announced. The Newcastle upon Tyne-headquartered business has received £30m from the …
Nestle: Kit Kat and Nescafe maker’s sales below par as inflation hits demand
Nestle, the Kit Kat and Nescafe coffee maker, reported lower than expected sales for the full year, as high inflation continued to impact customer demand. In an update, the Swiss …