Trainline has ‘growth potential’ despite national rival, says UBS April 15, 2025 Trainline will continue to grow despite concerns surrounding the government’s rail policy, according to UBS. Plans for a rival national rail ticket website have caused shares in Trainline to dip more than 30 per cent this year to date – despite continuing strong demand. UBS said that although “market concerns” remained, recent data indicated “continued [...]
EU reset: Government face backlash on meat and dairy regulatory alignment April 15, 2025 The government is facing a backlash over reported plans to align with EU regulations on meat and dairy products. UK officials have suggested to European Union (EU) counterparts that Britain could be willing to accept alignment with EU rules on fresh meat and dairy, and to accept oversight of the European Court of Justice (ECJ), [...]
Tax return: Keir Starmer paid more than £54,000 last year April 15, 2025 Sir Keir Starmer has paid more than £54,000 in tax from 2023-2024, it has been revealed, as book royalties and interest on savings pushed the PM’s income into the top tax bracket. The Prime Minister, who published his tax return for the first time since Labour took power, paid £54,718 in tax, according to the [...]
De La Rue shares surge as £263m takeover confirmed April 15, 2025 Banknote printer De La Rue has agreed to a binding offer to be taken over for £263m, sending its share price shooting up 17 per cent. The 211 year-old currency printer’s board is backing a 130p a share offer from US private equity giant Atlas Holdings, compared to the 110p price it closed at yesterday. [...]
Weak demand for cognac and spirits pulls down LVMH, Diageo and Pernod April 15, 2025 Weak demand for cognac and spirits has sparked a sell-off of LVMH shares and a dip for other listed luxury brands. Shares in LVMH fell 7.25 per cent in early trade, causing the fashion behemoth to lose its crown to Hermes as the world’s most valuable luxury company. Shares in London spirits maker Diageo and [...]
Firstgroup’s rail division exceeds expectations April 15, 2025 Firstgroup’s rail business is trading ahead of expectations despite concerns surrounding the UK government’s wide-reaching railway network reforms. The London-listed firm said on Tuesday that fees from the Department for Transport (DfT)’s contracted train operators had proved higher than previously forecast. It has also seen “strong demand” for its open access offering, run by Lumo [...]
China halts Boeing deliveries as trade war intensifies April 15, 2025 China has instructed its airlines to stop taking deliveries from Boeing, in the latest twist in the country’s fast-moving trade war with the US. Sources familiar with the matter told Bloomberg that officials had also requested Chinese carriers halt purchases of any aircraft-related equipment and parts from US companies. Donald Trump has imposed tariffs as [...]
Frasers to launch Sports Direct in Australia and New Zealand April 15, 2025 Frasers will enter into a long-term agreement with wholesaler Accent Group to launch Sports Direct across Australia and New Zealand in the next step in its international growth plans. The 25-year partnership aims to rollout up to 100 Sports Direct stores across the region, which would boost the total number of Sports Direct stores by [...]
B&M: Poor UK sales weigh on earnings for bargain retailer April 15, 2025 Discount retailer B&M expects full-year earnings to fall year on year as poor UK sales weigh on overall company performance. However, the company told markets this morning that it expects to report earnings before interest, tax, depreciation and amortisation (EBITDA) above the midpoint of its £605m-£625m guidance range. The firm lowered its expected full-year EBITDA [...]
Tate & Lyle profit set to rise ahead of CP Kelco takeover April 15, 2025 Tate & Lyle’s operating profit is expected to have jumped four per cent over the last financial year, even as revenue dropped five per cent, the firm said in a trading update today. The FTSE 250 sweetener producer said performance had been in line with expectations in its business over the last year, with cash [...]
