Addison Lee returned to profit ahead of £270m takeover February 28, 2025 London’s premium private hire cab service, Addison Lee, returned to the black in the year before being acquired by transport giant ComfortDelGro for almost £270m, it has been revealed. The business, which has a network of 7,500 drivers and 5,000 vehicles, achieved a pre-tax profit of £1.8m in the 12 months to 31 August, 2024. The [...]
Rolls-Royce shares could soar 50 per cent, says BofA February 28, 2025 Shares in engineering giant Rolls-Royce could rise a further 50 per cent following an already stellar two-year rally, analysts at Bank of America have said. Analyst Benjamin Heelan on Friday lifted his price target to 1,150p from 830p, according to Bloomberg, prompting shares to rise over three per cent by mid-day. It came just a [...]
Brits spent 31,000 years on Rightmove in 2024 February 28, 2025 Property-obsessed Brits spent 16.4bn minutes searching on Rightmove last year, which the platform has used to underpin a financial performance in a “class of its own”. Rightmove swallowed up 80 per cent of all consumer time spent on UK property portals in 2024, with almost 9,400 property views every minute. The UK’s enduring fascination with [...]
Pay for Lloyds Bank’s top bosses jumps to £5.6m February 28, 2025 Lloyds Bank’s top executives have received a bumper windfall despite the lender’s rocky results and mass closure of high-street branches. In its annual report published on Thursday, the bank said its top two bosses would receive nearly £2m in bonuses in 2024 in addition to their regular payouts. Chief executive Charlie Nunn will receive a [...]
Tritax Big Box: Portfolio value up by a third after bumper acquisition February 28, 2025 Tritax Big Box has reported its highest returns since 2021 after acquiring a commercial real estate REIT last May. The real estate investment trust (REIT) told markets this morning that rental income increased by 24.3 per cent in the year ended December 31, reaching £276m. Its portfolio value increased by 30.2 per cent, from £5.03bn to [...]
GB News: Huge losses continue despite sales and audience surge February 28, 2025 GB News has reported another huge loss despite its revenue more than doubling and its audience continuing to grow. The TV channel, whose well-known presenters include Reform UK leader Nigel Farage, fell to a pre-tax loss of £33.4m in the year to 31 May, 2024. The loss comes after GB News also made a pre-tax [...]
Thousands of customers unable to use Lloyds, Halifax and TSB banking apps February 28, 2025 Thousands of Lloyds Group banking app users across the UK have reported technical difficulties when trying to access their money. Outage monitor Downdector recorded issues affecting the Lloyds banking app spike over 4,000 on Friday morning. Users across the group’s subsidiaries Lloyds, Halifax, TSB and Bank of Scotland raised the alarm posting error notices across [...]
Rightmove hikes dividends amid confident outlook February 28, 2025 Rightmove has hiked dividends after issuing a confident outlook for 2025 despite wider uncertainties in the UK housing market. The property portal unveiled a 6.1p per share dividend in its full-year results on Friday, up five per cent and taking the total payout to 9.8p. Underlying operating profit increased four per cent to £273.9m in [...]
First-time buying pushes house prices up ahead of stamp duty deadline February 28, 2025 First-time buyers continued to drive the housing market in February as they rush to purchase homes before the end of the stamp duty holiday at the end of March. The annual rate of UK house price growth was 3.9 per cent in February, compared with 4.1 per cent in January. House prices rose by 0.4 [...]
IAG: British Airways owner beats expectations as profit hits record £3.6bn February 28, 2025 British Airways owner IAG beat expectations in its full-year results as strong travel demand in the post-pandemic era continued through 2024. The airline conglomerate reported a record operating profit of €4.3bn (£3.6bn), up 22 per cent year-on-year and ahead of the €3.7bn analysts had forecast. Revenue also came in ahead of expectations, rising nine per [...]