Close Brothers takes swing at FCA after near-doubling motor finance provisions Banking Close Brothers’ frustration at the City watchdog has stepped up a gear after the firm was forced to almost double its provisions for the motor finance scandal. The FTSE 250 lender, which had previously set aside £165m, hiked its provisions by a further £135m following the Financial Conduct Authority outlining details of its industry-wide redress [...]
This is why London-listed companies are undervalued – Sage CEO Business Businesses listed on the London Stock Exchange need to tell their stories better and deliver for investors if they are to boost their valuations, the CEO of FTSE 100 technology giant Sage has said. Steve Hare, speaking on an up-coming episode of City AM‘s Boardroom Uncovered, said a lower number of competitors listed in London [...]
Burberry ‘optimal opportunity for investors’ as turnaround gains steam Retail Analysts have labelled Burberry’s share ‘undervalued’ as the brand’s plan to turn its back on a rocky year gains steam. The FTSE 250 firm reported a major improvement in half-yearly sales on May 14 – although it wasn’t quite enough to stop the company falling into an operating loss for the financial year. Sales fell [...]
What Trump’s victory means for UK markets November 6, 2024 Donald Trump and the Republicans have had a stunning victory in the US elections. Now is the time to dissect what it means for the UK. The win for Trump brings the issue of tariffs front and centre. One of Trump’s main campaign pledges was to impose tariffs on imports. China is likely to face [...]
It’ll take more than a big screen to revive the London Stock Exchange June 13, 2024 A live market screen in Paternoster Square is no substitute for the cultural and regulatory reforms we need to get companies listing in London, says Tim Focas In what seems like a desperate attempt to breathe new life into London’s equity market, London Stock Exchange Group (LSEG) CEO Julia Hoggett has proposed installing a live [...]
Wood Group engages with Sidara on latest takeover bid, extends offer deadline June 5, 2024 Engineering and consulting company John Wood Group has said it is engaging with Sidara after the Dubai-based rival submitted a fourth and "final" bid for the FTSE 250 firm.
Sales downturn at Spectris after sale of software firm May 2, 2024 Precision instrument maker Spectris experienced a slower first start to the year than expected, it announced in its quarterly update.