Nationwide completes Virgin Money takeover to create high street banking titan October 1, 2024 Nationwide has completed its £2.9bn takeover of Virgin Money in the UK's biggest banking merger since the financial crisis amid increasing consolidation among mid-sized lenders.
EY appoints veteran Anna Anthony as new UK boss October 1, 2024 Big Four firm EY has appointed Anna Anthony as its next UK and Ireland regional managing partner, replacing Hywel Ball
Tesco Mobile in the red despite sales passing £1bn October 1, 2024 Tesco Mobile fell into the red despite its sales passing the £1bn mark during its latest financial year, it has been revealed. The provider, which is a joint venture between the supermarket giant and Virgin Media 02, has reported a pre-tax loss of £449,000 for 2023, according to newly-filed accounts with Companies House. The loss [...]
James Halstead: Flooring supplier nears ‘dividend king’ status with 49th straight yearly hike October 1, 2024 Flooring manufacturer James Halstead is nearing "dividend king" status after hiking investor payouts for almost 50 years straight.
Plusnet price rises boost profit after John Lewis closure October 1, 2024 Profit has risen at Plusnet despite a slump in customer numbers following the closure of its mobile division and John Lewis axing its broadband platform. The Sheffield-headquartered broadband provider, which is owned by BT, suffered a 29 per cent reduction in its customer base following the closures. However, annual contractual price rises partially offset the [...]
Mulberry rejects Frasers £83m offer as too low October 1, 2024 British luxury brand Mulberry has rejected a possible takeover from minority shareholder Frasers Group on the grounds that it doesn’t recognise the company’s future value and will not lead the group back to profit. Frasers announced a possible takeover bid yesterday, 30 September, after it was snubbed from Mulberry’s £10m capital raise with majority shareholder [...]
Israel says it has begun ‘limited, localised’ southern Lebanon operation against Hezbollah October 1, 2024 Israeli ground forces crossed into southern Lebanon early Tuesday, marking a significant escalation of an offensive against Hezbollah militants and opening a new front in a yearlong war against its Iranian-backed adversaries. The incursion follows weeks of heavy blows by Israel against Hezbollah — including an airstrike that killed its longtime leader, Hassan Nasrallah — [...]
Peel Hunt warns of market slowdown ahead of UK Budget and US election October 1, 2024 City investment bank Peel Hunt has flagged a slowdown in UK capital markets activity as investors nervously await the results of the Budget and US election.
Greggs delivers success once again as evening trade boosts sales October 1, 2024 High street bakery Greggs has reported another quarter of strong sales growth, fueled by new products and extended evening opening hours. The sausage-roll maker told markets this morning that total sales rose by 10.6 per cent in the third quarter of 2024, with like-for-like sales up five per cent. This growth was “supported by menu [...]
Social housing trust taken over by Home REIT’s sister fund manager October 1, 2024 The board of Triple Point Social Housing REIT has replaced its investment manager with a fund house brought in to save the scandal-hit sister fund of Home REIT. In July, City AM revealed that fund house Atrato had been drafted in to drive a turnaround plan at Home Long Income Fund, which was set up [...]