Vanquis boss defends scrapping dividend as bank swings to profit Banking The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
Standard Chartered hikes investor returns despite profit miss Banking Standard Chartered handed out bumper investor returns following its full-year results despite the London-listed bank missing its profit target pencilled in by analysts. The Asian-focused lender recorded a two per cent uptick in pre-tax profit to $814m, falling below analyst expectations of $1.1bn. The miss came as net interest income performed weaker-than-expected, slumping 12 per [...]
Games Workshop shares slip despite Warhammer sales surge Tech Games Workshop has dished the cash back to its shareholders after a record-breaking half-year performance driven by a surge in global demand for its Warhammer miniatures. The £6bn gaming giant – which entered the FTSE 100 in December 2024 – reported a 10.9 per cent increase in revenue, breaking £332m for the half-year ending 30 [...]
HSBC to cough up £230m over dividend tax-fraud claims January 8, 2026 European banking juggernaut HSBC is set to cough up nearly £230m to settle an investigation relating to tax-fraud claims. The FTSE 100 titan was accused of helping foreign investors evade taxes on dividends through a sophisticated financial manoeuvre known as ‘cum-cum’ trading. This relates to a series of transactions between 2014 and 2019, which were [...]
Betfred rakes in £1.5bn as founders enjoy jackpot payday January 5, 2026 The billionaire brothers who founded Betfred have shared a bumper payday after the betting giant raked in almost £1.5bn. The Warrington-headquartered business has posted a turnover of £1.45bn for the 78 weeks to 30 March, 2025. New accounts filed with Companies House also show Betfred made a pre-tax profit of £188.6m over the same period. [...]
James Bond producer David Heyman pays himself £26m December 19, 2025 The new co-producer of the James Bond franchise has paid himself more than £26m after the success of his film company. David Heyman is best known for producing all eight instalments of the Harry Potter film series as well as the spin-off prequels, Fantastic Beasts. Heyman, through his company Heyday Films, has also produced the likes of [...]
Betfred billionaire brothers share huge Peninsula pay day December 15, 2025 The billionaire founders of betting giant Betfred have shared another bumper payday after the continued success of HR giant Peninsula. Founded by Peter Done in 1983, the Manchester-headquartered group provides services for the likes of the Co-op, Fred Perry, David Lloyd, Dreams and PayPal. The group is run by Peter Done and is a separate [...]
Club L London founder shares huge pay day after record profit December 10, 2025 Club L London has issued a huge pay day after profit at the fashion retailer surged to a new record, it has been revealed. Katie Randev, who leads the Manchester-headquartered business as chief executive, is in line to share a dividend of £3.7m for its latest financial year, new accounts filed with Companies House show. [...]
Ed Sheeran pays himself over £40m after album success December 9, 2025 Ed Sheeran has paid himself more than £40m after the huge success of his latest album, it has been revealed. The music mega star received a dividend of almost £40.1m through his self-named business, Ed Sheeran Limited. The accounts filed with Companies House also show the firm’s turnover totalled £25.7m while it made a pre-tax [...]
Vivienne Westwood’s heirs bank £35m after record profit December 1, 2025 The widower and heirs of the late Dame Vivienne Westwood have banked £35m after profit at the late fashion designer’s company surged to a new record. Vivienne Westwood passed away at the end of 2022 at the age of 81 leaving her husband Andreas Kronthaler and two children in control of her business interests. Kronthaler, [...]