Abrdn logistics trust delays dividend amid potential takeover February 19, 2024 The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, the trust’s board said it had received a number of “broad ranging preliminary, indicative non-binding proposals” to purchase or merge the trust. It added that [...]
High interest rates set to dampen lending to firms in 2024 before rebound next year February 19, 2024 High interest rates are expected to limit banks' lending to businesses this year before a rebound in 2025, according to a new forecast, as sticky inflation and high interest rates dent firms' confidence.
Santander announces plans for £4.7bn shareholder distribution following record results February 19, 2024 Santander announced that it will seek to pay out £4.7bn to shareholders just weeks after the bank unveiled record annual profits in 2023.
Currys bidding war: Chinese retail giant JD joins race as shares soar 33 per cent February 19, 2024 Chinese retail giant JD.com is the latest firm to consider buying Currys, as its board reveals it is in the “very preliminary stages” of exploring a takeover.
Unite inks £250m deal with Newcastle Uni as demand for student beds booms February 19, 2024 A London-listed student accommodation provider has entered into a joint venture with Newcastle University for the development of 2,000 new student beds.
Astrazeneca share price rises as Tagrisso drug shows ‘highly impactful’ results in lung cancer trial February 19, 2024 Results from Tagrisso's Phase III trial showed a "statistically significant and highly clinically meaningful improvement" in progression-free survival.
Consumers shopping for insurance deals help Moneysupermarket to record revenue February 19, 2024 "The combination of high levels of premium price inflation and the cost-of-living squeeze resulted in high levels of search traffic with consumers seeking a better deal," the company said.
Elliott mulls new higher offer for Currys after initial £700m bid rejected February 19, 2024 In an update this morning, the owner of Waterstones, said: “Elliott confirms that it is considering a possible cash offer for Currys.”
Coinbase is flying despite regulatory attacks February 19, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets In Coinbase’s latest advertisement, President Abraham Lincoln is depicted on a United States Cent asking to be ‘taken off this piece of scrap metal’ and to be [...]
WPP’s AI ambitions to take centre stage in full-year results February 19, 2024 Media and advertising giant WPP is set to release its preliminary full-year results on 22 February, which are likely to include commentary on its plans to expand into artificial intelligence. The group said it expected to post full year net-revenue growth of 0.9 per cent, with operating margins in the region of 15 per cent. [...]
