BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
Tate & Lyle: Revenue dips after it passes cost savings on to customers July 25, 2024 Speciality ingredient specialist Tate & Lyle has seen its revenue dip despite increasing its product volume after it passed on its cost savings to customers via lower prices.
Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
CAB Payments attempts to move on from challenging year despite lack of ‘tailwinds’ from Nigerian Naira July 25, 2024 CAB Payments reported a “resilient” performance in the first half of the financial year as it attempts to move on from a difficult year. In a trading update covering the six months to June, the payments firm reported that gross income was down 22 per cent on last year, falling to £56m from £72m previously. [...]
IG Group profit sags as trading activity falls July 25, 2024 IG Group’s revenue sagged three per cent over the last year as the firm struggled to bring in new traders to its core business as market volatility remained subdued. In its results for the year to 31st May, the group said net trading revenue in over-the-counter derivatives (OTC) such as contracts for difference (CFDs) and [...]
Vodafone posts solid gains as chief Della Valle drives turnaround strategy July 25, 2024 The telco said it is still waiting for the competition regulator to rule on whether its proposal to merge its UK operations with those of Three is allowed.
ITV profit rises after ‘very successful’ period with Euro 2024 and Love Island July 25, 2024 ITV said its studios business, which has produced TV shows such as Mr Bates vs the Post Office, is expected to deliver record annual profit.
Mitchells & Butlers: Drink sales help Toby Carvery and All Bar One owner achieve another record period July 25, 2024 All Bar One owner Mitchells & Butlers said its continuing to rebuild its margins as it reports yet another period of sales growth.
The Debate: Should B Corps cut ties with fossil fuel companies? July 25, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. The Debate: Should B Corps cut ties with fossil fuel companies? Is it delusional to pretend that fossil fuel companies meet the B Corp standards, or is it unrealistic to shun companies like [...]
GB Energy to work with Crown Estate to develop offshore wind farms, says government July 25, 2024 Britain’s newly created state-owned energy company, Great British Energy, is to partner with the monarchy’s property firm to help speed up the building of offshore wind farms.
