UK energy supermajor Shell has projected that liquefied natural gas (LNG) will replace coal as a leading driver of Chinese and other Asian economies. According to the firm’s LNG Outlook …
Investing
Airbnb ‘reinventing’ itself with £4.8bn share buyback as it looks to go ‘far beyond travel’
Airbnb is looking at expanding beyond its core services and revealed a $6bn share buyback scheme, as it reported a mixed bag of fourth quarter results. The home rental platform …
Standard Chartered looks at restructuring investment bank to boost returns
Standard Chartered is reportedly weighing a restructuring of its investment banking arm in a bid to cut costs and boost returns. The emerging markets-focused lender is considering is a break-up …
Why inflation staying stuck at four per cent is actually good news
Inflation remained stuck at four per cent in January, according to new figures released on Wednesday morning, but this actually obscures the fact that price pressures are abating. Economists had …
Inflation comes in below expectations at four per cent thanks to falling food prices
The first monthly fall in food prices in over two years helped inflation undershoot economists’ expectations in January despite higher energy costs, new statistics show. According to figures from the …
Coca-Cola HBC beats expectations as consumers guzzle energy drinks and coffee
Coca-Cola HBC, the European bottling partner of Coca-Cola, saw its organic volume growth exceed expectations, increasing 1.7 per cent throughout the twelve months ended 31 December 2023. In its results …
Dividend hikes and leaking numbers in focus for two of Britain’s largest water firms
Two of the UK’s largest water utility companies are expecting to see strong performances in a 2023 that was marred by sewage dumping and inflation-busting price hikes across the industry. …
AI platform Cordel begins data contract with Network Rail to improve engineering on HS1
Artificial intelligence platform Cordel Group has commenced its contract with Network Rail to provide cutting-edge data capture services on High Speed One. The AIM-listed company said its equipment, which delivers …
Dunelm sees continued sales and profit growth despite ‘difficult’ trading environment
Homewares retailer Dunelm has said total sales rose 4.5 per cent in the first half of 2024 as it increased its market share in the furniture market. Revenue hit £872.5m …
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value
Activist investor Kelso has gained two board seats at The Works at it looks to up the value of the discount retailer. Kelso chief John Goold and chief financial officer …