Harry Potter keeps flying off shelves as Bloomsbury breaks records October 24, 2024 Sarah J. Maas and the still-popular JK Rowling Harry Potter books are set to help publisher Bloomsbury beat expectations, it was announced this morning. In its results for the six months to 31 August, the publishing house told markets consumer revenue was up 47 per cent to £131.3m for the half year, up from £89.4m, [...]
Abrdn shares plunge as growth at Interactive Investor fails to offset bad news October 24, 2024 Abrdn’s share price fell by more than seven per cent upon market open this morning after the company published its third quarter numbers. Investors pulled billions from Abrdn’s funds in the last quarter, although inflows into its Interactive Investor do-it-yourself (DIY) investing platform helped offset some of the losses. Overall, the company’s assets under management [...]
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
Frasers wants to make Mike Ashley chief of Boohoo after ‘mismanagement and value destruction’ October 24, 2024 Frasers Group wants to appoint its boss Mike Ashley as the chief executive of fast fashion brand Boohoo, citing “long-term mismanagement” which has led to “value destruction“. The Mike Ashley-owned company wrote to the board of Boohoo this morning, saying the group was suffering from a “leadership crisis”. In a message to markets this morning, [...]
Pensionbee maintains positive earnings as fintech raises cash for US growth October 24, 2024 PensionBee sustained positive adjusted earnings last quarter while the online retirement savings provider raised £20m for US expansion.
Bunzl: FTSE 100 giant gears up for more dealmaking and share buybacks October 24, 2024 Bunzl said it was gearing up for another spate of dealmaking today as it bought back another tranche of its shares and reported a boost in earnings over the summer. In a trading update for the period since June, the FTSE 100 outfit said it had recorded a 5.4 per cent lift in revenues over [...]
How might the Autumn Budget affect the housing market? October 24, 2024 The property market is, finally, doing well. In September, a closely-watched survey of estate agents found that sentiment in the market turned positive for the first time in two years. Market sentiment has improved as mortgage rates have started to fall. House prices have ticked up to their highest level in more than two years. [...]
Foxtons: London estate agent boosted by strong property market October 24, 2024 London estate agent Foxtons delivered a third quarter of consecutive growth over the last three months, with revenue climbing eight per cent. Revenue at the estate agent climbed to £47.4m for the three months to 30 September, bringing total revenue for the nine months to the end of September to £125.9m, 10 per cent higher [...]
The Debate: Should we look to legalise assisted dying? October 24, 2024 As the second reading of a new bill proposing legalisation of assisted dying approaches, our contestants lay out the arguments around this sensitive and complex moral choice. Yes: A new law would facilitate a kinder way to die For the vast majority of the public – three-quarters of us across Britain – the introduction of [...]
London Stock Exchange Group beats expectations in ‘particularly strong quarter’ October 24, 2024 The London Stock Exchange Group beat market expectations today as it reported a bump in growth across its divisions in a “particularly strong quarter”. In the three months to the end of September, the owner of London’s stock market recorded gross profits of £1.92bn, up 8.5 per cent on the same period last year and [...]
