Over the line: Liontrust strikes near-£100m deal to snap up Swiss rival May 4, 2023 London-listed asset manager Liontrust is set to buy a rival for £96m this morning as a consolidation of the industry accelerates this year.
Virgin Money shares slide as profit falls by a quarter on higher provisions for bad loans May 4, 2023 Virgin Money’s pretax profit slipped by a quarter in the six months to March as the bank set aside more funds to cope with expected impairment losses. Richard Branson’s challenger bank recorded £144m in provisions for bad loans compared to just £21m in the same period last year. Its shares were trading over five per cent [...]
Equinor beats forecasts with £9.5bn earnings as West scrambles to meet energy needs May 4, 2023 Norway's Equinor on Thursday posted a higher-than-expected profit for the first quarter, albeit well below last year's record levels.
Domino’s takeaway: Pizza chain announces £20m share buyback as UK sales soar May 4, 2023 UK consumers shrugged off inflation and a cost of living crisis to order more pizza, according to UK and Irish-based chain Domino’s. The fast food chain said sales increased to £386.6m across its branches, up 5.6 per cent compared to the same period last year. Quarterly orders at Domino’s Pizza group grew 2.8 per cent [...]
Morning in the City: Live news and updates as Shell and Next update May 4, 2023 Good morning and welcome to City A.M.’s Square Mile live blog…
Wolfson does it again? Next beats revenue expectations despite recession fears May 4, 2023 Next remained confident in front of investors this morning with better than expected sales in the first three months of the year.
Britain badly needs a godfather of AI regulation, but we’ll never be able to afford him (or her) May 4, 2023 The so-called Godfather of AI has quit Google over fears of the technology. He’s the kind of person who should be designing our laws - if we could afford him.
“Confidence returns”: Improved Hargreaves Lansdown update suggests clients bullish once more May 4, 2023 "Confidence" has returned, reckon bosses at the retail trading platform, in what could be a good sign for the UK economy at large
Shell unveils £3.2bn share buyback programme after posting mega profits May 4, 2023 Shell has announced a £3.2bn ($4bn) share buyback pro gramme, after the energy giant posted bumper profits of £7.6bn for the first quarter.
I’m a celebrity, get me to City Hall! Our stars should take a pop at local politics May 4, 2023 With Sadiq Khan faring quite badly, and the Tory brand rubbished in London, perhaps a celebrity should give City Hall a shot and run for the London Mayoralty next year, writes John Oxley
