Croda: FTSE chemicals giant’s share price drops after outlook slashed October 9, 2023 British speciality chemicals group Croda International cut its 2023 profit outlook on Monday, due to destocking and weak demand, particularly in its beauty care business in North America. The FTSE 100 company said it now expects 2023 group adjusted profit before tax of £300m to £320m pounds. It had forecast 370 million-400 million pounds previously. Following its profit outlook [...]
Oil prices surge after Hamas attack on Israel raises supply fears October 9, 2023 Oil prices have spiked amid growing political uncertainty in the Middle East, following Hamas' attack on Israel.
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]
Petrol forecourt owners bag £60m bonus as pump prices jack up profits October 9, 2023 Senior executives at Motor Fuel Group, the UK's largest independent forecourt operator, have raked in a bumper pay packet this year on the back of record profits.
Metro Bank share prices rises after bank strikes late-night deal to shore up balance sheet October 9, 2023 Metro Bank confirmed this morning that it had secured a major refinancing package from its investors after a bruising week in which the bank's share price fell nearly 30 per cent.
Cyber attack hits electronics firm Volex October 9, 2023 A cyber attack has hit electronic manufacturer Volex, opening the door to unauthorised access to some of its IT systems.
Warning over looming threat of recession October 9, 2023 The threat of a recession is looming amid a fall in employment, business optimism and output, a new report is warning. Advisory group BDO said its research suggested that business confidence, output and hiring intentions continued to fall in September as firms grapple with “ongoing inflationary headwinds”. Companies are still struggling to maintain staffing numbers [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
UK working to establish status of British citizens in Israel, PM says October 9, 2023 The Government is working to establish the status of UK citizens in Israel, Rishi Sunak said, as deadly attacks by Hamas saw one British man serving in the country’s army killed. The Prime Minister declared “terrorism will not prevail” and pledged “steadfast support” for his counterpart Benjamin Netanyahu as the death toll from the incursion [...]
The Notebook: Marcus Geddes on what makes a modern office October 9, 2023 Today, Marcus Geddes, managing director at Landsec, takes the Notebook pen to talk all about the modern office Don’t let others fool you, there’s strength in flexible offices Demand for flexible offices is higher than ever before, but do people really know what ‘flex’ means? A common misconception is that flex is just co-working spaces [...]
