AB Dynamics, the provider of robots and simulators for Alfa Romeo’s Formula 1 team, maintained its financial outlook for 2024 this morning after reporting a “solid order book.” The firm …
Personal Finance
Country Garden hit with winding up petition in latest threat to China’s real estate sector
China’s property crisis shows no sign of abating after Country Garden, the country’s largest property developer, was hit by a winding up petition from a creditor. The liquidation petition was …
Shares in Durex maker Reckitt flop as firm misses expectations
Shares in Durex condom maker Reckitt Benckiser have flopped over nine per cent in early trades this morning after the firm missed analyst expectations for 2023. Operating profit at the …
HICL Infrastructure sells toll-road stake to finance share buyback
Investment trust HICL Infrastructure is set to sell its £183m stake in an American toll-road project, using the cash to begin a major share buyback programme. The trust said today …
Taylor Wimpey confident on year ahead despite profit slump in 2023
Housebuilder Taylor Wimpey saw its operating profit fall 49 per cent last year as the number of homes built by the company dropped 24 per cent. This morning, the FTSE …
FTSE 100 live: London opens in the red as shares in St James’s Place crash
London’s FTSE indexes opened in the red on Wednesday as St James’s Place shares cratered following a disappointing set of results. The blue-chip index opened 0.29 per cent lower at …
Losses neared £70m at group behind kitchen maker Magnet due to cost-of-living crisis
Almost £70m was lost by the group behind kitchen maker Magnet after being hit by “unprecedented” inflation, “elevated” energy prices and “notably subdued markets” due to the cost-of-living crisis. The …
Boodles: Demand for the most expensive jewellery helps sales pass £100m
Demand for the most expensive luxury jewellery helped sales pass £100m at Boodles during its latest financial year. The family-run company, which was founded in 1798, has posted a turnover …
Spring Budget 2024: Tax cuts are ‘bad economics and politics’ and voters prefer investment, Tony Blair Institute finds
A majority of voters want the government to prioritise long-term investment in public services in the Spring Budget rather than tax cuts, according to new polling conducted for the Tony …
Spring Budget 2024: Just four per cent of London homes exempt from ‘hefty’ stamp duty fees as pressure mounts on Hunt
Just four per cent of homes on sale in London are exempt from “hefty” stamp duty charges, as fresh pressure is piled on the UK Chancellor to reform the levy …