Property developer Watkin Jones returned to profit in the first half of the year after a successful business restructure following a year of losses. In an update to investors today, …
Personal Finance
Donald Trump’s Truth Social craters to $300m loss amid market manipulation claims
Trump Media and Technology Group (TMTG), owner of Donald Trump’s social media platform Truth Social, reported losses of over $300m (£236m) in the first quarter of 2024. The former US …
Clarification: Unicoin
We have removed the May 15, 2024, story entitled “SEC’s priorities go haywire as they register ‘Unicoin’ scam whilst suing Uniswap” because we have learned that several of its factual assumptions, implications, …
Wall Street titan Jamie Dimon eyes stepping away from JP Morgan
Jamie Dimon, arguably the single most significant figure in global finance, gave his clearest indication yet that he is thinking about stepping down from JP Morgan. Dimon has previously brushed …
Kingfisher: B&Q owner holds guidance despite weak ‘big-ticket’ sales
B&Q owner Kingfisher has held its guidance for the year, as the firm posted improving sales in its UK and Ireland market despite a decline in ‘big-ticket’ sales. The home …
Another London-listed loss? US giant tables £571m offer for XP Power
Advanced Energy Industries has upped the stakes in its bid for the electronic component supplier XP Power after three prior offers were shunned. The Nasdaq-listed firm’s latest offer values Singapore-based …
‘New era of growth’: Astrazeneca aims to double revenue by end of the decade with long pipeline of drugs
Pharmaceuticals giant Astrazeneca has said it wants to hit $80bn (£62.9bn) in total revenue by 2030 through launching new medicines and investing in technology. The largest London-listed firm by market …
Pennon: South West Water owner raises dividend despite loss
Pennon Group, the company that owns South West Water, has pushed through a dividend hike despite falling to a loss in the year to 31 March 2024. According to the …
Why Upper Crust owner SSP is banking on hungry Euro 2024 football fans
Upper Crust owner SSP Group has reinstated its dividend after it netted £1.5bn in half-year revenue ahead of a busy summer season of sporting events. The firm, which runs restaurants, …
Assura and Universities pension scheme ink deal to invest in NHS buildings
The London-listed real estate investment trust Assura and the Universities Superannuation Scheme Limited (USS) have agreed to invest £250m in a 20:80 joint venture to support investment in essential NHS …