Pinewood Technologies pivots to software as legacy Pendragon firm rakes in billions Tech On Thursday, Pinewood reported revenue of £24.5m from its software unit, while its discontinued car business brought in £4.3bn in 2023.
London Stock Exchange Group boss set for £7m pay rise as revolt fails to materialise Executive pay The London Stock Exchange Group was dealt a bloody nose by investors today after a chunk of its shareholders voted to reject a pay rise for chief executive David Schwimmer.
South African minister warns previous BHP on BHP strategy following £31.1bn offer for Anglo American MINING BHP now has until 5pm on 22nd May to either announce a firm offer for Anglo or that it does not intend to make an official bid.
What do analysts think of BHP’s £31.1bn proposal for Anglo American? April 25, 2024 Though the proposal mandates divesting two of Anglo American's problem children, it appears BHP is fine with keeping diamond brand De Beers.
Canary Wharf: Property value falls as London banking hub secures £550m financing deal April 25, 2024 The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn.
Inchcape: Shares spike as automotive firm bags £2.3bn after selling off UK arm April 25, 2024 Shares in Inchcape soared over eight per cent this morning as it bagged £2.3bn in revenue in the first quarter.
Ocado enters most shorted UK companies list as Abrdn jumps to fourth. These two kept their top spots April 25, 2024 Ocado has entered the top 10 list of most shorted stocks this month, coming third, while Abrdn saw two new firms take positions out against it.
Wizz Air slashes profit guidance as Pratt & Whitney engine issues bite April 25, 2024 Wizz Air has cut its targets for annual profit as issues with its GTF engines continue to impact capacity.
Mytilineos eyes potential dual listing in London April 25, 2024 Greek energy giant Mytilineos has said it is eyeing a potential secondary listing in London before the end of next year.
Focusrite: Music software company hits flat note as revenue falls £11m April 25, 2024 Focusrite's net debt more than doubled to £27.3m in the first half of the year, which it blamed on higher working capital levels.