‘A speculative figure’: Cost of Sizewell C nuclear plant nearly doubled since 2020 January 14, 2025 The cost of building Sizewell C nuclear power station in Suffolk could reach nearly £40bn, according to reports. Developer EDF and the UK government anticipated the project’s final price tag would be around £20bn in 2020, as it struggled to bring down construction costs and reduce delays. But the Financial Times on Tuesday reported the [...]
UK gilt auction oversubscribed as investors buy through market turmoil January 14, 2025 The auction comes ahead of crucial inflation data tomorrow.
Chemring: British defence giant wins major US contract for missile radars January 14, 2025 Chemring shares rose this morning after it unveiled a fresh deal with a US-based company for the supply of miniature radars. The four-year contract is valued at £26m, with production commencing at the FTSE 250 firm’s Hampshire headquarters in October. Shares rose around three per cent by mid-morning. Chemring will supply Miniature Radar Altimeters (MRA) [...]
Home REIT: Beleaguered property fund value falls 60 per cent January 14, 2025 Scandal-hit housing investor Home REIT has published its long-delayed 2023 annual results, revealing its property portfolio has been valued at just 40.7 per cent of its original purchase cost. The results for the year to 31 August 2023 revealed that the value of Home REIT’s assets had decreased by more than a third in a [...]
Card Factory: Shares ‘should rise rapidly’ after successful Christmas January 14, 2025 Shares in Card Factory rose more than five per cent after the retailer reported festive growth ahead of the wider market. Revenue rose 4.7 per cent in November and December, driven by a higher average spend on sweets and toys. Total sales for the 1 months ended 31 December, 2024, reached £506.6m, up 6.2 per [...]
Surging gold price helps pawnbroker Ramsdens to record profit January 14, 2025 Ramsdens has delivered a record profit thanks to the surging gold price and demand for its pawnbroking services. The retailer, which offers financial services as well as pawnbroking, told markets this morning that revenue rose 14 per cent in the year to September 30, to £95.6m from £83.8m in 2023. Gross profit rose 13 per [...]
Lloyds Bank ties bonuses to office attendance January 14, 2025 The Guardian reported that Lloyds is reviewing office attendance as part of its bonus targets for around 60,000 of its most senior employees.
BP reveals boss Auchincloss recovering after procedure as it signals weaker trading January 14, 2025 Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it signalled weaker end-of-year trading. Its scheduled capital markets event that was due on February 11 in New York will now be delayed until February 26 and will [...]
Profit at Robert Walters wiped out as jobs market misery spreads January 14, 2025 The firm faced pressures across all its main markets, with income falling in Asia-Pacific, Europe and the UK.
Ocado shares surge after online grocer reports record-breaking year January 14, 2025 Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado [...]
