The row between former Post Office boss Henry Staunton and business secretary Kemi Badenoch ratcheted up another notch, as the row over compensation for sub-postmasters continues. This follows a major …
Investing
FTSE 100 live: London dips amid China concerns as Barclays jumps on restructuring
Concerns over the Chinese economy sent London’s FTSE indexes slightly lower on Tuesday morning despite a strong performance from Barclays. The FTSE 100 dipped 0.08 per cent to trade at …
‘We were wrong’: Coffee brand pulls out of Tesco after learning ‘simple truth’
The boss of an independent coffee brand has opened up about the decision to pull its products from the shelves of Tesco. Roastworks has been available at Tesco shops across …
Regulator launches investigation into baby formula market
The Competition and Markets Authority (CMA) has launched a market study into the supply of baby formula in the UK. The CMA investigation, which was launched today, came off the …
Copper mining giant Antofagasta posts jump in full-year profit but disposals hurt earnings
Anglo-Chilean miner Antofagasta has ridden a more stable copper price through 2023 to a boost in full-year revenues. The firm’s revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) …
Barclays unveils plan to return £10bn to shareholders and cut £2bn in costs by 2026
Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026. It revealed …
Plus500 rolls out £138m shareholder return despite trading slowdown
Retail trading platform Plus500 topped market expectations and announced plans to put $175m (£138m) back in shareholders pockets today despite a squeeze on revenues and profits over the past year. …
Farringdon’s iconic Piano Works snapped up by listed bar giant
London Cocktail Club owner Nightcap has bought The Piano Works in its latest bid for expansion, but warned that trading in 2024 had been “far softer” than expected. The AIM-listed …
Kistos set to buy EDF’s UK gas storage arm for £25m
Kistos is set to buy the gas storage arm of EDF Energy, the British subsidiary of the French nuclear power giant, for £25m. The purchase will see two onshore gas …
IHG: Holiday Inn owner unveils another buyback as revenue and profit jumps
Holiday Inn owner InterContinental Hotels Group (IHG) has announced a new share buyback and hiked its dividend 10 per cent after a bumper year. The group published its final results …