Mark Kleinman: Corley’s LSEG board post looks messy June 5, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Aren’t asset managers supposed to be the exemplars of robust corporate governance? It’s a question worth posing in the context of goings-on at Schroders, the FTSE-100 money manager where last week’s confirmation of my scoop that [...]
British American Tobacco ups guidance on US return to growth June 3, 2025 Pall Mall and Lucky Strike owner British American Tobacco (BAT) has said its American business has returned to growth, driven by smokeless products. In a trading update, the company said its combustible products – cigarettes and cigars – are expected to return to growth in the first half of the year, while its nicotine pouches Velo [...]
Monzo: Fintech unicorn tops £1bn in revenue on road to landmark IPO June 2, 2025 UK fintech giant Monzo reported its second consecutive year of profitability on Monday after the neobank’s revenue climbed above £1bn for the first time. The firm’s revenue increased 48 per cent to £1.2bn as it reported huge expansion across business arms amid rising expectations for a London flotation in the coming months. Customer deposits jumped [...]
Greggs gains momentum after lacklustre start to the year May 20, 2025 Greggs has reported an uptick in sales boosted by its expanded food and drink offering. Its share price rose six per cent as investors cheered the return to strong trading. The FTSE 250 company reported a 2.9 per cent increase in sales in the 20 weeks to May 17, an improvement from 1.7 per cent [...]
Premier Foods: Mr Kipling maker ups dividend on strong growth May 15, 2025 Revenue at Premier Foods jumped last year, driven by growth in branded goods and international sales. The Mr Kipling owner told markets this morning that adjusted profit before tax rose 8.8 per cent to £169.3m in the year ended March 29. Profit after tax rose 11 per cent, with basic earnings per share up 10 [...]
Zopa Bank: UK fintech raises £80m with its first LSE bond listing May 14, 2025 Zopa Bank has raised £80m in its first-ever London Stock Exchange bond listing as it gears up to launch current accounts. The fintech will transfer to an unlisted public company within six months following the transaction as it inches closer to the possibility of a float on the LSE. The oversubscribed fundraise was completed on the [...]
On The Beach: Demand for city breaks boosts travel group May 13, 2025 On The Beach has reported a double-digit profit increase in another market-outperforming trading update. The online package holiday specialists told markets this morning that adjusted revenue grew 12 per cent year on year in the first half of 2025. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19 per cent year on year. [...]
Burberry’s share price jumps as tariff war cools May 12, 2025 Burberry’s share price jumped this morning after news of a US-China tariff deal boosted luxury stocks across the world. The luxury giant’s share price rose more than six per cent in early trades. It has risen nearly 20 per cent in the last month. The boost, which comes just ahead of Burberry’s yearly results on [...]
IWG: Workspace platform reports record March and ups share buybacks May 6, 2025 International Workspace Group (IWG) has reported a flat first quarter and record March as it fended off macroeconomic uncertainty. The company told markets this morning that revenue was stable at $909m (£683m) in the first quarter of the year. IWG, which provides flexible workspaces for businesses and individuals, upped its share buyback programmed from $50m [...]
London Stock Exchange Group: Equity arm continues to lose relevance May 1, 2025 London Stock Exchange Group’s (LSEG) equity business has continued to diminish in importance, as the firm struggles to attract new IPOs to UK markets. LSEG’s market arm was actually the fastest growing part of its business in the first quarter of 2025, but not due to the London Stock Exchange itself, the firm revealed in [...]