State-owned lender the British Business Bank has recorded a second straight annual loss as a decline in start-up valuations weighed on its financial performance. The bank, which aims to boost …
Investing
CRH: Irish building supplies giant upgrades guidance as profit ticks up
Irish building materials giant CRH has upgraded its guidance for 2024 after its profit ticked up in its second quarter as a string of acquisitions helped to offset the impact of wet …
Natwest to ‘suffer significant shortfall’ with a 90 per cent loss after Island Poke collapse
Natwest is on course to “suffer a significant shortfall” following the collapse of London-based Hawaiian food chain Island Poke, it has been revealed. The bank is one of the major …
TI Fluid’s shares spike as firm outperforms soft EV market
Shares at fluid storage company TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised guidance and outperformed a weak market. Revenue at the FTSE-250 listed …
Ben Ainslie on America’s Cup, Sir Jim Ratcliffe and backing Ineos Britannia
Ineos Britannia is a boat designed to do something Great Britain has never done before: win the America’s Cup. It is the oldest international sporting trophy in the world and …
Harbour Energy returns to profit despite falling revenue and cash flow
Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas producer suffering a dip in revenue and cratered free cash flow. The …
Watchdog cracks the whip on crypto firms after compliance failures
The Financial Conduct Authority has complained that crypto companies are failing to comply with new rules regulating their advertising, with many attempting to skirt the rules. “We have seen firms …
Housing operator Mears ups guidance as Ministry of Defence extends contracts
Affordable housing operator Mears has reported an “excellent” set of results driven by government social housing contract wins and high demand from immigration-related services. Mears, which manages 17,000 houses for …
Coke arrest at Paris 2024 Olympic Games forces apology from athlete
Olympic Games hockey player Tom Craig, from Australia, was forced to apologise after being released from custody following an arrest for allegedly buying cocaine in Paris. He was released with …
Hikma given shot in the arm by ‘excellent’ double-digit growth
Pharmaceutical firm Hikma has hiked its dividend and raised its guidance having hailed an “excellent” first half of the year. The Jordanian-founded FTSE 100 pharma firm, which in June bolstered …