Santander UK’s provisions surge after branch closure backlash April 30, 2025 Santander UK was struck with a surge in provisions in its first-quarter report as backlash mounted to its branch closure operation. The Spanish-headquartered lender’s provisions for liabilities and charges rose 69 per cent to £140m. The firm said £42m of this was driven by “charges relating to changes to our branch network”. This comes as [...]
BP shares plummet as firm chops buyback amid weakened oil market April 29, 2025 British energy giant BP chopped its quarterly share buyback after President Donald Trump’s erratic tariff agenda sent the price of oil tumbling. BP cuts its buyback to $750m (£559m), compared to $1.75bn the previous quarter. The firm’s shares dropped nearly four per cent in early trading on Tuesday. This comes after the cost of a [...]
HSBC shares jump as lender ups bad loan provisions after tariff chaos April 29, 2025 HSBC shares rose in early trading after the lender increased provisions for loan losses in its first-quarter report. The FTSE 100 giant’s stock jumped two per cent as trade war woes clouded the lender’s results. The bank raised expected credit losses to $876m (£653m), from $202m in a stark indication of firm’s outlook on the [...]
Plus500 raises guidance despite revenue dip April 28, 2025 Fintech group Plus500 has raised its outlook for the year despite reporting a mixed start to the year. Its share price dipped 1.6 per cent in early trades. The company told markets this morning that revenue in the first quarter of the year increased by 13 per cent month on month but fell by five [...]
FTSE 100’s winning streak falters as White House ‘clouds’ market sentiment April 24, 2025 The FTSE 100 slid into the red on Thursday putting the index on course to end an eight-day consecutive run of gains. The blue-chip index was down over one per cent in early trading before a late-morning rebound left it broadly flat at midday. London’s blue-chips soared at the beginning of the week as President [...]
Domino’s: Pizza chain reports order growth and expects ‘minimal’ tariff impact April 24, 2025 Domino’s has reported order growth ahead of the market and said it does not expect Trump tariffs to impact the business. Its share price dipped by just over one per cent in early trades. Total sales rose 2.1 per cent to £393.3m in the first quarter of 2025, from £385.2m in 2024, while total orders [...]
Asos: Losses narrow as e-commerce giant drives turnaround April 24, 2025 Struggling ecommerce giant Asos has reported reduced losses as its turnaround plan begins to take shape. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) moved into positive territory at £42.5m in the 26 weeks to March 2, from a loss of £16.3m last year. Its share price dipped by nearly two per cent in [...]
Unilever turnover dips as turnaround fails to gain pace April 24, 2025 Unilever has reported a dip in turnover despite a year-long turnaround plan aimed at revitalising the business. Turnover at the consumer goods giant fell 0.9 per cent year year to €14.8bn (£12.65bn) in the first quarter of 2025. This was driven by slumps in personal and home care products, which fell by 4.4 per cent [...]
Crisis, debt and a £46bn bailout: Inside Natwest’s return to private ownership April 24, 2025 Natwest is set to end one of British banking’s longest running sagas, as the lender stands inches away from returning to private ownership for the first time in nearly two decades. The FTSE 100 giant has whittled the UK government’s share in the bank to under three per cent, with a full exit expected in [...]
City broker upgrades Boohoo shares to ‘Hold’ April 23, 2025 City broker Shore Capital has upgraded fast-fashion retailer Boohoo, now trading as Debenhams, from a ‘Sell’ to a ‘Hold’ in light of its falling share price. Boohoo’s share price has dropped by more than a third since last November, after a series of poor trading updates and a public spat with Mike Ashley. Shore Capital [...]