EP: 219 Glorious Goodwood – Thursday August 2, 2023 Glorious Goodwood is the venue for many top races this week, but the much-anticipated Qatar Nassau Stakes on Thursday will, for many, be the highlight of the festival. Brilliant young French trainer Christopher Head runs his very exciting filly Blue Rose Cen in this Group 1 contest and he is our special guest on today’s [...]
Michael Saylor’s bullish Bitcoin pledge lifts crypto markets August 2, 2023 Bitcoin is up almost two per cent this morning after shooting past $30k before retracing and settling around $29.400.
Hugo Boss campaigns with Gigi Hadid and Kendall Jenner lift outlook after sales surge August 2, 2023 Hugo Boss has raised its full year outlook following a 20 per cent increase in second quarter sales, after smart advertising campaigns featuring Gigi Hadid and Kendall Jenner. The German fashion house, best known for its men’s colognes, reported a 21 per cent increase in EBIT to €121m (£103m), as plans to rebrand the designer [...]
Investec Wealth and Rathbones tie-up gets green light from regulators August 2, 2023 Investec confirmed today that the proposed merger of Rathbones and its Wealth & Investment arm has secured regulatory approval. In a statement this morning, Investec said “all regulatory clearances in connection with the combination have been received”. The financial services firm said it expects the deal to be completed on 21 September provided the City [...]
Stansted first UK airport to hit pre-pandemic passenger highs as Europe jets off August 2, 2023 London Stansted has become the first major UK airport to achieve above pre-covid passenger numbers in any single month since before the pandemic, with this July the third busiest in its history. According to figures shared with City A.M. total passenger numbers for the period hit 2.81m, which is 102 per cent of the volumes [...]
War, what is it good for: BAE Systems announces bumper dividend August 2, 2023 BAE reported profits of £1.23bn this morning and upped its dividend by 11 per cent year-on-year, as it continued to cash in on increased UK defence spending and soaring demand amid the war in Ukraine. Britain’s premier defence contractor saw an order intake of £21.1bn in the first half of 2023, resulting in a record [...]
Haleon: Chinese re-opening powers GSK spin-off to ‘consistent’ growth August 2, 2023 Strong sales of toothpaste and painkillers contributed to healthy results for Haleon, the newly-formed consumer healthcare firm spun out of GSK last year. In the first half of 2023, the Surrey-headquartered company’s revenue increased to £5.7bn, up 10.6 per cent compared to the same period last year. This was driven by Haleon’s ‘power brands’, such [...]
Taylor Wimpey: Profit slashed almost in half by red-hot interest rates August 2, 2023 Taylor Wimpey posted a 44.5 per cent decline in operating profit in the half year, as the house builder said it was “inevitably” impacted by red hot mortgage rates which have shattered consumer confidence. The London-listed construction firm reported a 21.2 per cent contraction in revenues down to £1.6bn compared to £2bn in the same [...]
BT: Social media is top sales driver for over a quarter of UK businesses August 2, 2023 Social media is the number one force helping businesses in the UK turn a profit according to new research from BT. A survey by the British telecoms firm has discovered 28 per cent of small businesses say they generate more sales through social platforms than from e-commerce or physical stores. Facebook was crowned as the [...]
Housing crisis is not just an issue for avo-loving millennials, but one for the UK at large August 2, 2023 House prices crash – first time buyers, rejoice? Hardly. The near four per cent fall over the past year takes house prices back to where they were only a couple of years ago; and with interest rates and therefore the price of mortgages rocketing, the end result is housing remaining out of reach for all [...]