Rolls-Royce hikes guidance and brings back dividend after profit almost doubles August 1, 2024 Rolls increased full-year guidance for underlying operating profit to between £2.1bn and £2.3bn after half-year profit nigh on doubled.
London Stock Exchange Group beats expectations with Microsoft tie-up on the horizon August 1, 2024 London Stock Exchange Group profit surged nine per cent for the group over the last six months, as the bourse owner prepares to launch products from its collaboration with Microsoft.
House price growth accelerates ahead of potential interest rate cut August 1, 2024 UK house price growth has accelerated in the past month as buyer confidence picked up and mortgage rates fell ahead of a potential interest rate cut by the Bank of England. UK house prices rose by 0.3 per cent month on month in July, Nationwide reported in their monthly house price index. The annual growth [...]
Harland and Wolff: Titanic shipbuilder staves off collapse after securing emergency £20m loan August 1, 2024 The Belfast shipyard said it had entered into agreements with lenders to increase its existing credit facility by $25m (£19.5m).
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Schroders stock dips seven per cent despite profit remaining steady August 1, 2024 Schroders saw assets under management hit a new high of £773bn, as the company prepares to make a mark in the private capital space.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
Surfing the Thames: How Uber boats came to rule the river August 1, 2024 “Looking out at the river, I was struck by how empty it was,” Sean Collins tells me. This was in 1994, when he had just been made redundant from his previous role as an apprentice waterman on the Thames. All that empty water stretching through the middle of London – it was a “waste”. But [...]
Mark Kleinman: Is £300bn Shell merger Total summer speculation? August 1, 2024 In this week's column, Mark Kleinman tackles the Shell merger, Cineworld closure and Dan Wagner's Rezolve AI.
Investment in UK equities tumbles to record low as US sucks in new money August 1, 2024 The amount allocated to UK equities by UK investment managers fell to a record low of 20 per cent in 2023, as the US continued to dominate new money coming into the market.
