Broadcaster STV records highest revenue, lowest debt and best viewing share since 2008 March 10, 2022 Scotland’s free-to-air broadcaster STV capped off an “exceptional” 2021 by recording its highest revenue, best viewing share and lowest level of debt since 2008. The network registered a 35 per cent increase in revenue from two years ago, with a near 40 per cent operating profit. Its chief executive also said the company dramatically slashed [...]
Business lender Funding Circle beats expectations with £64m profit March 10, 2022 Small business lender Funding Circle beat expectations today as it surged back to profitability following a hit through the pandemic in 2020.
Balfour Beatty’s results exceed expectations prompting £150m buyback March 10, 2022 Balfour Beatty’s results have exceeded expectations and prompted a £150m share buyback programme, the company said today. In the year ended 31 December, the company’s profits soared 286.3 per cent to £197m, while gains from earnings-based businesses went up to £181m, exceeding analysts’ expectations. “In 2021, despite the challenges presented by Covid-19, we have delivered [...]
ITV posts Kingfisher chair Andrew Cosslett to board March 10, 2022 Kingfisher chair Andrew Cosslett has been appointed chair designate and non-executive director of broadcasting giant ITV. Stepping onto the board at the beginning of July, Cosslett, a who succeeds Peter Bazalgette, will remain chair of the board at Kingfisher. The incoming board member will take up his role as non-executive chair when Bazalgette steps down [...]
Just Group reinstates dividend following 12-months of growth March 10, 2022 Just Group has reinstated a dividend, which is expected to grow over time, rewarding shareholders following 12-months of growth. The “sustainable” dividend of 1p per share will swell from 2021’s pro-forma base level of 1.5p, the retirement group said in its latest financial update today. Retirement income sales jumped 25 per cent to £2.7bn in [...]
Savills profits surge as global real estate market comes roaring back March 10, 2022 Estate agent giant Savills reported a surge in profits today as the housing market came roaring back from a pandemic-induced slowdown in 2020.
UAE hints at supporting boost in oil supplies following Russia’s invasion of Ukraine March 10, 2022 OPEC member United Arab Emirates called for more oil supplies to be pumped into the market yesterday amid fears of supply shortages.
City Moves: Who’s switching jobs in the Square Mile this week? March 10, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Field Renewable energy storage company Field has announced a flurry of senior hires. Elspeth Vincent, who joins the London-based firm as general counsel, brings over a decade of legal experience to the role. While Ben Saward joins [...]
Give women green jobs to accelerate the journey to net-zero March 10, 2022 International Women’s Day is a day we remember the immeasurable role women play in society. Sadly, this year, it comes at a time when the world is having to wade through even more unsettling and unchartered waters, while keeping our focus on working towards a more peaceful and sustainable future. The climate agenda is redefining [...]
From Moscow to Kensington: transparency can end properties funded by corruption March 10, 2022 Look around the borough of Kensington and Chelsea and you’ll see why so many diplomats refer to our city as “Londongrad”. Over 6000 properties are registered to anonymous foreign shell companies in places like Jersey and the British Virgin Islands. While 3000 households are on the housing wait list many of these properties stand empty. [...]
