Out of juice? Tropicana warns high fruit prices will affect profit September 29, 2024 Drinks giant Tropicana has warned its lenders that profit will come in below its forecasts this year, according to reports. Tropicana told lenders this month that it expected to achieve an underlying profit of £241m in 2024, flat year on year and below the £280m it had previously forecast, according to The Sunday Times. The [...]
Labour looks to water down packaging tax plan September 29, 2024 Ministers are set to make changes to a planned £1bn packaging tax proposed by the last government, according to reports.
Chinese stocks post best week since 2008 September 29, 2024 Chinese and China-focused stocks posted their best week since 2008 last week, with the CSI 300 index shooting up 15.7 per cent after strong economic stimulus measures were put in place by the country’s government. Every index tracking Chinese stocks benefited from the measures, with Hong Kong’s Hang Seng index rising more than 13 per [...]
Applied Nutrition to bring in retail shareholders for £500m float September 29, 2024 Protein shake maker Applied Nutrition is set to include millions of retail shareholders in its planned £500m float as soon as this week. The sports nutrition brand is set to muscle its way onto the public markets in collaboration with Peel Hunt-backed Retailbook, according to reports from Sky News. Last month, the firm confirmed plans [...]
Next boss Lord Wolfson sells £29m of stock in the high street bellwether September 29, 2024 Next’s chief executive has sold £29m worth of shares in the FTSE 100 fashion and homeware store. Lord Wolfson of Aspley Guise sold around 290,000 shares, leaving him with 950,000 shares worth £100m, Next told markets on Friday. News of the sale sent Next’s share price down 3.5 per cent, although it’s risen by 21.24 [...]
Senior minister ‘disappointed but not surprised’ at Duffield resignation September 29, 2024 A senior cabinet minister has said he is “disappointed” but “not surprised” at Rosie Duffield’s resignation from the Labour Party. The Canterbury MP’s decision to resign and sit as an independent had been coming “for quite a long time”, Pat McFadden told the BBC’s Sunday with Laura Kuenssberg show. Duffield announced she was resigning the [...]
Short seller makes multimillion pound bet against 3i Group September 29, 2024 Shadowfall Capital and Research has taken out a multimillion-pound short position against 3i, the largest investment trust in the UK, arguing that its largest holding, Action, is overvalued. FTSE 100 private equity group 3i has been invested in Action for over a decade, which operates close to 3,000 stores across 12 European countries like Germany, [...]
UK repeats call for ceasefire after Israeli air strike kills Hezbollah leader September 28, 2024 Hezbollah issued a statement on Saturday confirming the death of Hassan Nasrallah saying he had “joined his fellow martyrs."
Boeing: Wage talks break off without progress to end strike September 28, 2024 IAM said that its pay deal talks with Boeing had broken off and that there were no further dates scheduled for negotiations at this time.
Hezbollah confirms death of leader Hassan Nasrallah in Israeli air strike September 28, 2024 The Israeli military said the strike was carried out while the Hezbollah leadership was meeting at their headquarters in Dahiyeh.
