United Utilities hikes dividends despite lower profit and rise in debt November 16, 2023 United Utilities released its half year report today, highlighting an ambitious five year plan and hiking its dividend despite a fall in profit and rise in debt. Revenue rose 6.8 per cent, but operating profit fell 6.9 per cent due after a 16.6 per cent jump in operating costs. Debt rose from £7.8bn in 2022 [...]
Burberry shares plunge as it blames tourist tax for luxury slowdown November 16, 2023 Burberry hit out at the government's decision to scrap the tourist tax and revealed a six per cent loss year-on-year in profit.
Fresh rail strikes to cause misery for London commuters in run-up to Christmas November 16, 2023 Commuters are to face yet more strike misery, after the train drivers union ASLEF announced plans to strike in December.
Investec’s UK business sees 41 per cent surge in profit, announces record dividend November 16, 2023 Investec announced in April that its wealth and management division would combine with Rathbones in a £839m tie-up.
Amigo: Subprime lender’s mooted switch to music streaming at end of the road November 16, 2023 Amigo's last ditch attempt to salvage value for shareholders through a reverse takeover have hit the end of the road.
Mars to snap up listed Hotel Chocolat in half a billion pound plus deal November 16, 2023 Hotel Chocolat is to go private under the Mars umbrella
CMC Markets swings to loss amid ‘tough’ market conditions November 16, 2023 CMC Markets swung to a loss this morning and saw dividends per share fall amid a slowdown in trading volumes on its online platforms.
Mr Kipling owner Premier Foods boosted by falling inflation as sales and revenue jump November 16, 2023 Premier Foods' boss: "We know how challenging the past year has been for many consumers and so it's good to see the rate of input cost inflation falling."
IDS: Royal Mail owner ‘pulling out stops’ to save Christmas as losses slide almost 200 per cent November 16, 2023 International Distribution Services (IDS), the parent company of Royal Mail, has said it is working to improve quality after profits plunged.
Black Friday sales due to drop by a quarter as cash-strapped Brits hold off for Christmas November 16, 2023 Overall, the proportion who do not intend to buy at all has increased from 39 per cent last year to 56 per cent.
