Market data specialist Arcontech sees profits jump as clients stay loyal February 21, 2024 Arcontech, which specialises in financial market data processing, has reported a jump in profits as its blue-chip client base remains loyal despite tough economic conditions.
Heathrow turns first profit since pandemic amid Middle East takeover speculation February 21, 2024 Heathrow Airport has turned its first profit since the pandemic amid speculation of a takeover from Middle-Eastern state backed investment funds.
GSK reports robust results from latest trial with injectable HIV treatment February 21, 2024 GSK has today reported favourable findings from the Latitude phase III study of its long-acting injectable antiretroviral treatment (ART) for HIV. The study was conducted by Viiv Healthcare, the global specialist HIV company majority owned by GSK, with Pfizer Inc. and Shionogi Limited as shareholders. The company said that an interim analysis of the Latitude [...]
Tate & Lyle blames inflation for slip in revenue February 21, 2024 The update comes just days after the 100 year old brand revealed it would remove the dead lion from its plastic golden syrup and dessert bottles. A lion's head with a bee will replace the iconic logo.
Spring Budget 2024: Government banks largest monthly surplus on record before March statement February 21, 2024 January's figures are the last round of monthly borrowing figures before the Spring Budget, which is scheduled to be held on 6 March.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
Frasers boss Mike Ashley’s legal battle against Morgan Stanley kicks off in London February 21, 2024 Ashley's business is claiming the US bank used "unlawful means" to close out bets on Hugo Boss stock, which resulted in the company losing around £50m.
Rio Tinto announces another bumper dividend for investors despite profit slump as focus on cash flow pays off February 21, 2024 The world's largest iron ore producer reported underlying earnings of $11.8bn (£9.4bn) for 2023, down from $13.4bn (£10.6bn) a year earlier
‘Tax sandwich’ on offer despite Chancellor’s promise of March cuts February 21, 2024 Lower interest rate expectations are likely to increase the Chancellor's headroom from £13bn in the Autumn Statement to £23bn this spring, according to the Resolution Foundation.
Take down of Lockbit won’t stop the hackers, warn security experts February 21, 2024 Cybersecurity experts have warned that hackers could swiftly bounce back from a UK-led operation to take down ransomware group Lockbit.