Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year. In a trading update this morning, the London-listed …
Investing
Springfield: London-listed property developer inks £15m affordable housing deal
Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland …
FTSE 100 live: Strong BP results powers London markets higher
London’s FTSE 100 posted strong gains on Tuesday morning as a bumper buyback announcement from BP sent the capital’s premier index higher. The FTSE 100 index rose 0.71 per cent …
Fintech investment in crisis but London remains ‘European capital’
UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and …
Augmentum leads fresh £4m investment round in London insurtech Artificial Labs
London insurtech Artificial Labs has received a £4m shot in the arm from Europe’s leading publicly listed fintech fund Augmentum. The fresh round of funding will help Artificial to build on …
BP promises bumper share buyback as new boss hails profit beat
UK oil giant BP has emerged from the last few months of instability with a set of results beating analyst forecasts, despite a halve in profits from the year prior. …
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’
The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers “reward the economy” for progress on inflation. Policymakers …
GSK announces breakthrough with blood cancer treatment drug Blenrep
Biotech giant GSK has announced a potential breakthrough in the treatment of relapsed or refractory multiple myeloma, a type of blood cancer, with its Blenrep drug. In an interim study, a …
K-Pop event firm’s shares remain suspended as losses continue to spiral
Live Company, the firm behind children’s live entertainment group Bricklive and K-Pop Lux has published its 2022 financial accounts after a six month delay which resulted in it being suspended …
Sober shaming: One in five pressured to drink by friends
Dry January is over, but ‘sober shaming’ is a year-round issue. Addiction rehab expert at Rehabs UK Hannah Levi answers searchers’ most pressing questions. Alcohol Change UK, found that 1 in 5 …