Profits slid at Yorkshire Building Society as a result of higher costs linked to inflation but the lender saw record demand for its savings products. Pretax profit fell to £450m …
Personal Finance
Ocado: Surging tech solutions growth drives sales for Sparks-linked online grocer
Online grocery giant Ocado has reported improved revenues driven by improvements in its retail and technology businesses. The retailer and automation giant which is linked to Marks and Spencer, said …
IAG: British Airways owner hits £3bn profit and boss says plenty more to come
British Airways owner IAG reported a record €3.5m (£3bn) operating profit in its full-year results this morning after travel demand boomed in 2023. The number was nearly triple last years’ …
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London
West End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year. In a trading update, the group, which owns 2.9 million square feet of lettable …
Low wind speeds hit Greencoat UK Wind’s portfolio
Schroders-run investment trust Greencoat UK Wind saw its net asset value drop slightly over the last year, as the trust struggled with a drop in wind speeds and lower power …
‘We are far from done’: Spectris CEO hails ‘excellent’ year as sales near £1.5bn
Revenue neared £1.5bn at Spectris, the supplier of precision instrumentation and controls, during 2023 with its chief executive hailing the company’s “excellent progress”. The London-headquartered company has reported a revenue …
Haleon reports single-digit growth in revenue after year of disposals
British consumer healthcare company, Haleon, revenue has single-digit growth of over 2023 as the company generated £11.3bn, in a year that saw it make several disposals. Its revenue went up …
Hedge fund group Man sees assets under management swell to a record, announces new buyback
Man Group, the world’s largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees. The firm’s …
Weir Group: Mining tech giant buffs lagging sector with strong returns
Mining technology firm Weir Group has seen profits leap by nearly 20 per cent on the back of what the chief executive described as “positive mining production trends”. The Glasgow-based …
Sirius Real Estate continues to expand with acquisition of another German business park
Industrial park and flexible workspace provider Sirius Real Estate has acquired a new site in Germany for almost £12m. The London-based company has snapped up a business park in Klipphausen, near …