Lloyd’s of London’s underwriting profit nearly doubled in 2023 following ‘outstanding’ year March 7, 2024 The market’s combined ratio - a measure of insurance profitability - improved by 7.9 percentage points to 84 per cent from 91.9 per cent in 2022.
Pennon mega-deal for Sutton and East Surrey Water facing competition probe March 7, 2024 Pennon paid £89m in equity but the total enterprise deal was worth £380m
Darktrace reports jump in revenue and notes growing cyber threats from AI March 7, 2024 For the six months to the end of December, the company recorded revenue of $330.3m (£259m) and a gross profit margin of 89.3 per cent.
New London to Scotland rail service gets the go ahead with cheaper fares expected March 7, 2024 A new rail service between London and Stirling has been given the green light by the regulator, increasing competition on the West Coast Mainline.
Admiral posts 23 per cent jump in profit on price hikes but lowers dividend March 7, 2024 Insurer Admiral has posted a surge in profits as it reaped the benefits of price hikes, offsetting the impact of higher claims inflation.
Melrose Industries sets sights on growth as new chief takes aerospace reins March 7, 2024 Melrose Industries has pivoted to a "pure aerospace" play which will be led by their former COO
Marks and Spencer confirms first female boss Katie Bickerstaffe is to step down March 7, 2024 The first female boss of Marks and Spencer is to step down. Katie Bickerstaffe joined the high street darling just over two years ago, and has helped lead a massive turn around of the business.
Beazley kicks off buyback after profit hits a record March 7, 2024 Insurance firm Beazley has kicked off a $325m share buyback today after notching record profits over the past year.
Brake Bros makes first profit since 2018 after revenue jumps by £1bn March 7, 2024 Food and distribution company Brake Bros returned to profit for the first time since 2018 after its revenue increased by £1bn during its latest financial year.
Brooks Macdonald: Wealth manager puts ‘behind plan’ international arm under review March 7, 2024 Wealth manager Brooks Macdonald said the decision was being made "in the interests of achieving the best return for shareholders".