WPP has divested its majority stake in communications firm FGS Global to private equity powerhouse KKR in a deal valued at $1.7bn (£1.3bn). WPP said the sale of its approximately …
Retirement Planning
‘More work to do’ on airport accessibility, aviation watchdog warns
UK airports need to do “more work” to improve airport accessibility amid rising demand, according to the aviation regulator. The Civil Aviation Authority (CAA)’s annual accessibility report found requests for …
Coca-Cola HBC raises guidance after strong half despite currency headwinds
Coca-Cola HBC AG has raised its guidance after the company reported another strong six months of growth, despite currency headwinds eating into the group’s profits in emerging markets. The bottling …
UK house prices surge to highest point since January to end months of stagnation after rate cut
Renewed momentum in the property market has seen UK house prices rise at the highest rate since January, ending a three-month spell of stagnation. House prices increased by 0.8 per …
UK economy’s recovery from pandemic stronger than first thought
The UK economy recovered from the pandemic faster than had previously been thought, new revisions from the Office for National Statistics (ONS) show. In the latest set of Blue Book …
Vodafone launches next stage of £3.4bn shareholder value return plan
Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part …
Wealth manager Quilter posts record adjusted profit as investors’ nerves ease
FTSE 250 wealth manager Quilter has reported a record adjusted profit amid a recovery in net inflows and improvements in global equity markets. The firm said on Wednesday that it …
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry
Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw …
Ahead of the Game: Treasury cost-cutting to hit Manchester United £2bn stadium plans
Manchester United may have to scale back plans for a new 100,000-seater stadium on the site of Old Trafford because of a lack of government funding. Sources with knowledge of …
The Tories can come back stronger, but only if they stop chasing Reform
Reform’s surge was a consequence of Tory failure, not its cause, writes William Atkinson Being a Conservative voter under the age of 35 puts me in a rather small minority. …