ITV has today reported a drop in overall sales for 2023 despite an uptick in digital revenue and a record performance from its ITV Studios business. In a year in …
Personal Finance
Nationwide agrees terms for £2.9bn Virgin Money takeover to create second-largest provider of UK mortgages and savings
Nationwide, the UK’s largest building society, has struck a preliminary agreement to acquire Virgin Money, Britain’s sixth-biggest high street bank, valuing the latter at around £2.9bn. The two lenders announced …
House prices continue to rise despite higher rates says Halifax
House prices rose by 0.4 per cent in February, marking the fourth monthly uptick in a row, a new report by Halifax has found. Its latest house price index showed …
Harbour Energy records drop in revenue and production as windfall tax weighs
North Sea oil and gas producer Harbour Energy has reported a drop in revenue for 2023 as the price of oil fell from its peaks recorded in 2022. The London-listed …
Pagegroup: Recruiter ‘managed headcount’ down by 1,000 as profits hit by weak jobs market
Recruitment specialists Pagegroup slashed more than a thousand staff in the last year, as its profit took a hit from the slowdown in the jobs market. The London-listed company said …
Aviva: Costs down, profits up, and a private healthcare boom as Britain gives up on the NHS
Insurance giant Aviva has posted a rise in annual profits as it rewards shareholders with a £300m buyback and upgraded dividend guidance. Its shares rose 4.1 per cent on Thursday …
Robert Walters: Recruiter slashed headcount as profit plummeted – with London hit hard
Recruiter Robert Walters has joined rival Pagegroup in slashing headcount over the past year, citing the difficult jobs market in the UK, and London in particular. The London-listed company said …
Darktrace reports jump in revenue, notes growing cyber threats from AI
Cybersecurity group Darktrace has reported a 27.4 per cent jump in revenue for the first half of its financial year. For the six months to the end of December, the …
Hunt’s budget was more a salad buffet than a proper City lunch
Sky News’ City Editor Mark Kleinman writes a weekly column for City A.M., this week on the budget, the latest on the Woodford fallout, and another bank tie-up For a …
Coats Group blames ‘widespread destocking’ for flat earnings but benefits from pension scheme changes
Threads business Coats Group posted a flat set of earnings for 2023 and blamed a “widespread industry destocking” for the tepid performance. Revenue at the British multinational was down nine …