Meet the zero-emission parcel delivery start-up on a mission to change the industry August 12, 2024 How often do you find yourself frustrated with your local parcel delivery service?
FTSE 100: UK stocks erase losses from last week’s selloff ahead of economic data dump August 12, 2024 The FTSE 100 reversed its losses from last week's massive global selloff on Monday as investors hunt for bargains and look ahead to a slew of economic data in the coming days.
London Stansted records busiest ever July as security now takes under 15 minutes August 12, 2024 London Stansted Airport has recorded its busiest ever July as travel demand booms in the peak summer months. Some 2.9m passengers passed through the hub’s terminal over the period, an increase of 3.4 per cent year-on-year. The figure marks the third busiest month in Stansted’s history and came after a record 53,000 passengers used the [...]
Meet the Fund Managers: Pantheon International co-lead manager talks mistakes and defends private equity August 12, 2024 In this episode of Meet the Fund Managers, Elliot sits with Helen Steers, co-lead manager of private equity trust Pantheon International Plc (PIP).
Samarkand: E-commerce firm shifts focus to UK amid China struggles August 12, 2024 E-commerce group Samarkand, which focuses on connecting Western brands with Chinese customers, has struggled to weather Beijing’s slowdown and said it will change its primary focus to the UK. Revenue at the group decreased by three per cent to £16.9m in the year ended March 31, down from £17.5m in 2023. Adjusted earnings before interest, [...]
S&U: Motor finance lender urges Labour to change ‘restrictive’ regulation after profit warning August 12, 2024 Specialist lender S&U has urged the new Labour government to change the UK's "restrictive and constantly changing" regulatory regime after warning that actions by the City watchdog would have a "significant impact" on its motor finance business' profits.
Impax Environmental Markets assets dip while holding out hope for ‘resurgent M&A’ August 12, 2024 Impax Environmental Markets has reported a 0.5 per cent decline in the net asset value (NAV) of the trust over the six months to 30th June. The investment trust reported a NAV of 429.3p at the end of June, compared to 434.9p as of 31 December 2023. The company, which is the UK’s largest environmental [...]
BT shares jump after Altice sells 24.5 per cent stake in FTSE 100 giant to Bharti August 12, 2024 BT shares jumped 6.4 per cent after the market opened this morning after it emerged that its largest shareholder, Altice, had agreed to sell its stake in the business. The FTSE 100 giant’s largest shareholder agreed to sell its 24.5 per cent stake in the telecoms company to Indian conglomerate Bharti. Altice, which has struggled [...]
Stelrad: Radiator supplier’s revenue dips as demand cools August 12, 2024 The London-listed radiator supplier brought in £143.1m in the six months ended 30 June, down 8.9 per cent in last year's haul.
Team Internet: Revenue soars after £33m takeover of online marketing firm Shinez August 12, 2024 Web services firm Team Internet has seen its sales surge after it acquired an online marketing firm earlier this year. The London-listed firm, which is headquartered in the City, saw its revenue jump to almost £410m in the six months ending June 30, 2024, compared to £396m in the same period in 2023. As a [...]
