City-based insurer Lancashire has unveiled a special dividend aiming to award around $119m (£93m) to shareholders after swinging to an annual profit. The group’s pretax profit came in at $321.5m …
Personal Finance
Revealed: Matalan lost over £100m as lenders took control
Matalan lost more than £100m in the year it was taken over by its lenders, newly-filed accounts have revealed. The group agreed a deal to take control of the Liverpool-headquartered …
This National Insurance cut won’t ‘cost’ the Treasury – it’s not their money
The expected tax cut to national insurance in today’s budget has set commentators off – wondering if the Chancellor’s sums will add up, and how much it will “cost” the …
Digital 9 Infrastructure overcomes anti-trust roadblock in plan to shutter trust
Embattled investment trust Digital 9 Infrastructure has overcome a potential hurdle to wind down by gaining regulatory approval to sell the ‘crown jewel’ of its portfolio. The trust is currently …
Clapham Common shooting: Man charged over firearms offence
A teenager has been charged with a firearms offence after three were injured in an alleged shooting incident near Clapham Common in South London.. The Metropolitan Police said it arrested …
Capita shares sink as outsourcing giant swings to £107m loss, takes £25m hit from cyber attack
Capita has incurred £25.3m in costs tied to a cyber attack last March as the outsourcing giant swung to an annual loss and ramped up its cost-cutting programme. Shares fell …
London Southend Airport to be taken over by US private equity giant Carlyle
London Southend Airport (LSA) is to be taken over by US private equity giant Carlyle after a deal was agreed to settle a debt with its current owner. The investor …
Robust order backlog helps Galliford Try to bumper year
Construction group Galliford Try said pre-tax profits increased in the half year due to increased demand for its infrastructure and building experience. This morning the construction firm told investors the …
One Thames Water overflow in leafy Surrey has been leaking sewage for six days straight
A storm overflow in Surrey operated by Thames Water has been discharging sewage continuously for 145 hours – more than six days straight. According to the embattled water provider’s own …
Cracks showing at Ibstock as profits collapse despite efforts to slash costs
Ibstock has seen a 71 profit crash as UK sales sank and inflation whipped up materials prices. The London-listed building solutions provider and products manufacturer today said that profit before …