Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Kemi Badenoch appoints top team with Andrew Griffith to shadow business November 5, 2024 Tory leader Kemi Badenoch has appointed her full top team, with former City minister Andrew Griffith taking on the role of shadow business and trade secretary. The Conservative leader appointed her former rival candidates Mel Stride and Dame Priti Patel as her shadow Chancellor and shadow foreign secretary last night, as well as making Laura [...]
IWG buoyed by workers returning to the office November 5, 2024 Hybrid workspace platform International Workplace Group (IWG) has reported an uptick in revenue boosted by strong growth in its managed and franchised properties. Revenue grew by two per cent in the three months to 30 September, 2024, on a year-on-year constant currency basis, the company told markets this morning. The firm grew revenue at its managed and [...]
Coca-Cola Europacific sweetens dividend following Euros and Olympics November 5, 2024 Boss Damien Gammell said volume growth had been supported by "fantastic activiation" at the Euros and the Olympics.
Schroders shares plummet after investors pull £2.3bn November 5, 2024 Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Weir Group equipment orders surge as cost-cutting continues November 5, 2024 Mining specialist Weir Group saw group original equipment orders rise 15 per cent in the quarter, with the first positive original equipment orders growth since the first quarter of last year. The FTSE 100 firm’s cost-cutting programme is progressing at pace, with £19m of cumulative savings brought in so far, it said in a quarterly trading [...]
Womenswear firm Sosandar signs homewares agreement with Next November 5, 2024 Sosandar, the women’s fashion retailer, has signed a capex-free licensing agreement with Next for a homeware range. The licensing agreement, which requires no capital expenditure for Sosandar, will see the two companies extend their pre-existing agreement to sell clothing. Co-ceos Ali Hall and Julie Lavington said it was a “proud moment” for the Sosandar brand and [...]
Balfour Beatty wins £575m contract to rebuild major interstate highway in Texas November 5, 2024 Balfour Beatty has won a contract valued at more than half a billion to rebuild part of Interstate 35, the major Interstate Highway running through central US, in Texas The deal, valued at £575m and awarded by the Texas Department of Transportation, will see a four-kilometre section of the route on the south side of [...]
TP ICAP: Revenue jumps to record November 5, 2024 Inter-dealer broker TP ICAP has reported a ten per cent bump in revenue for the three months ended 30 September 2024. Overall group revenue for the period was £557m. Rates, its largest and most profitable trading division, reported a 14 per cent jump in reported currency terms. Liquidnet, the firm’s institutional investment network, reported a [...]
Orsted hikes guidance as boss hails Hornsea offshore wind farms November 5, 2024 The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to 23.6bn compared with the prior year.
