Vistry: Housebuilder avoids fourth profit downgrade but warns of market uncertainty January 15, 2025 Vistry has warned of uncertain market conditions as it reaffirmed previously downgraded profit guidance for the year ahead. The UK’s largest housebuilder by output said the outcome of the government’s spending review and a “recovery in consumer confidence” would prove pivotal in determining performance in 2025. Group adjusted pre-tax profit is forecast to be around [...]
Galliford Try: Shares rise as construction firm continues hot streak January 15, 2025 Galliford Try has continued to its strong streak of performance over recent years, reporting profit and cash ahead of analyst expectations. The construction firm had £210m in cash by the end of 2024, while its order book had grown from £3.7bn to £3.9bn throughout the year, it said in a trading update today. In early [...]
Brooks Macdonald to move off AIM as firm eyes further growth January 15, 2025 Brooks Macdonald is set to ditch AIM for the London Stock Exchange’s main market as the asset manager looks to enhance its profile and drive growth. In a trading update, the asset manager said that the move would enhance its “corporate profile,” as well as extend the “opportunity to own its ordinary shares to a [...]
Hays: Recruiter warns on profit amid slowdown in permanent hires January 15, 2025 Recruiter Hays reported another fall in quarterly fees on Wednesday amid an ongoing slowdown in the headhunting market. Group net fees, which are considered an indicator of performance in the industry, dropped 12 per cent in the three months ending 31 December. The downturn was driven by a significant drop-off in permanent hires, down 19 [...]
Demand for AI tech boosts Currys January 15, 2025 Electrical retailer Currys has reinstated its dividend after a jump in sales related to AI tech helped boost the firm’s top and bottom lines. In a trading update issued this morning, the FTSE 100 firm said it expected to record a profit for its 2024/25 financial year of £145m to £155m, up 23 per cent to [...]
Liontrust: Outflows continue for money manager January 15, 2025 Investors have continued to pull cash from asset manager Liontrust. In a trading update published this morning, the firm revealed that investors pulled £1.6bn from its funds in the last three months of the year. The firm revealed that assets under management fell 5.3 per cent to £24.6bn at the end of 2024. Markets had [...]
Inflation falls to 2.5 per cent in boost for Chancellor Rachel Reeves January 15, 2025 The inflation figures come amid a sell-off in the gilt market, which has raised doubts about the government's fiscal plans and even prompted calls for the Chancellor to resign.
Business confidence plunges to lowest level since Liz Truss’s mini-budget January 15, 2025 Rachel Reeves’s tax hikes have pushed business confidence to its lowest level since the wake of Liz Truss’s calamitous mini-Budget, as firms fret over a surge in costs and slowdown in the domestic economy, a closely watched survey has suggested. Concerns over a looming tax bill and a slump in sales caused business confidence to [...]
Exclusive: Brooks Macdonald makes senior layoffs January 15, 2025 Brooks Macdonald has laid off a number of senior staff, including the firm’s global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were described by one former employee as “pretty brutal”, having occurred in the months before Christmas. The layoffs first seem to have [...]
Most retailers will hike prices in response to Reeves’ NI Budget raid January 15, 2025 Two thirds of CFOs have said their business will be forced to raise prices as a result of higher wage bills, according to a new survey. Around 70 per cent of respondents to the survey, which looked at the attitudes of CFOs at 52 retailers, were “pessimistic” or “very pessimistic” about trading conditions over the [...]
