Burberry ‘optimal opportunity for investors’ as turnaround gains steam May 15, 2025 Analysts have labelled Burberry’s share ‘undervalued’ as the brand’s plan to turn its back on a rocky year gains steam. The FTSE 250 firm reported a major improvement in half-yearly sales on May 14 – although it wasn’t quite enough to stop the company falling into an operating loss for the financial year. Sales fell [...]
Exclusive: JP Morgan’s City of London office vandalised May 14, 2025 JP Morgan’s London office was left in ruin on Wednesday morning after a brutal act of vandalism. Victoria Enbankment staff were met with smashed windows and an assault of red paint across building walls upon reaching their office. Security had cordoned off all entrances to the bank, with staff exiting through guarded side doors. JP [...]
Wetherspoon, Marston’s and Young’s manage to fend off UK pubs crisis – for now May 13, 2025 Some of the UK’s biggest pub chains – JD Wetherspoon, Marston’s and Young’s – have all proved surprisingly resilient in avoiding the hospitality crisis predicted last Autumn. The London-listed companies have all reported better-than-expected trading over the last year, despite very low business and consumer confidence. In an update to markets this morning, Marston’s reported [...]
Barclays: Shares in FTSE 100 giant near decade high after upgrade May 13, 2025 Barclays has received a major boost after the FTSE banking giant posted a bumper first quarter, driven by a strong performance in its investment arm. Analysts at RBC have upgraded Barclays’ shares, slapping a 340p target price on the stock – a 14 per cent increase. Shares edged up 0.2 per cent during early trading [...]
FTSE 100 banks Lloyds and Natwest set to profit despite lower interest rates May 13, 2025 Amidst a backdrop of waning interest rates, FTSE 100 banking giants such as Lloyds and Natwest look set to continue to profit, according to analysts. Lenders’ takings from net interest income (NII) remained steady in the first quarter, even after the Bank of England chopped interest rates four times to 4.5 per cent. Since then, [...]
O2 Arena owners: Lions announcement future of sport in London May 12, 2025 Last Thursday nearly 2,000 people packed their way into Indigo at the O2 as the squad for the British and Irish Lions tour to Australia was announced. It’s not the first time this kind of event has taken place. At the same site, albeit the larger O2 Arena, earlier this year Formula 1 hosted its [...]
Mortgages rates set to fall after Bank of England interest rate cut May 9, 2025 Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they [...]
Tesco: CEO takes home bumper pay packet after profit jump May 8, 2025 The CEO of Tesco took home more than £9m as sales and profit at the supermarket giant beat expectations. Ken Murphy received a pay packet of £9.23m for the company’s latest financial year, down from the £10.24m he took home in the prior 12 months. According to Tesco’s annual report, the CEO’s remuneration was made [...]
What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Banks called on to slash mortgage borrowing costs May 7, 2025 The Financial Conduct Authority (FCA) has called on lenders to take informed risks in the mortgage market to improve consumer support. The City regulator has launched a consultation on mortgage rules which targets reducing the overall cost of borrowing through term reductions and access to cheaper products when remortgaging. It said discussions will include “consideration [...]