The Bank of London founder steps down as chief executive September 3, 2024 The Bank of London has announced that Anthony Watson is stepping down as chief executive eight years after founding the firm.
Rolls-Royce shares top the FTSE 100 despite Cathay Pacific engine issues September 3, 2024 Cathay Pacific was forced to ground fleets for inspection after it discovered a "first of its type" component fault in one of its Rolls-supplied engines.
Fundsmith Equity falls out of most bought list for the first time September 3, 2024 Fundsmith Equity, the largest investment fund in the UK ran by star manager Terry Smith, has fallen out of Interactive Investor’s most bought list for the first time ever. The list has been tracking the top ten most popular equities, funds and trusts on the platform since 2018. Fundsmith Equity topped the list as recently [...]
How Rightmove became London’s (and the FTSE 100’s) most profitable company September 3, 2024 From an unknown tech start-up to the undisputed king of the UK’s online property sector, Rightmove is a shining example of how to turn a simple idea into a whole lot of profit. In its most recent full-year results, the London-listed property portal astounded investors by revealing it had achieved a record 71 per cent operating profit margin – [...]
BBVA secures UK approval to acquire TSB Bank in hostile takeover bid September 3, 2024 The UK's main banking regulator has given BBVA permission to take indirect control of TSB Bank, as the lender's Spanish parent Sabadell fends off its hostile takeover attempt.
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Getbusy: Productivity software firm’s shares sink as growth slows September 3, 2024 Shares in productivity software provider Getbusy plunged nearly 11 per cent on Tuesday morning after it disappointed investors with its half-year results. Annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m and net cash tumbled to £0.2m, down from £1.7 last year, which Getbusy said reflected “a [...]
Wholesaler Kitwave optimistic after strong summer sales September 3, 2024 Food wholesaler Kitwave has reported a booming summer, leaving it confident that it could deliver financial results in line with expectations at the end of the year. The AIM-listed delivery business, which floated in 2021, reported strong customer demand in a trading update this morning, with an eye towards the end of its financial year [...]
Revolution Bars returns to AIM after major restructuring plan completed September 3, 2024 Revolution Bars has resumed trading on AIM following the completion of a comprehensive restructuring plan designed to steer the business back to profitability. After months of financial turbulence, the bar and pub chain, which includes brands such as Revolution, Revolución de Cuba, and Peach Pubs, has reissued over 1.26bn new ordinary shares. The restructuring plan, [...]
Craneware spies ‘increased opportunity’ from Microsoft partnership September 3, 2024 Software and IT company Craneware said it sees “increased opportunity ahead” as it posted solid full year results on Tuesday, ahead of expectations. The Scottish company, which provides software to American healthcare organisations, beat forecasts as revenue rose to $189.3m (£144.3m) in the year to 30 June 2024, up nine per cent from $174m (£133m) [...]
