Barclays set to unveil annual profit drop as restructuring costs offset higher interest income February 14, 2024 Barclays' annual profits are set to be dragged down by £825m in costs tied to a major restructuring as the bank prepares to reveal more details about the plan to shore up its balance sheet.
FTSE 100 today: London markets likely to open in the red amid global market rout February 14, 2024 Asian stocks fell in response to a Wall Street sell-off, while the U.S. dollar remained near three-month highs. Oil prices dropped, and Lyft shares retreated after a 60% surge. Investors are closely monitoring the UK CPI and Q4 euro area GDP.
Coca-Cola beats revenue estimates on the back of price hikes February 13, 2024 Coca-Cola has posted fourth-quarter revenue ahead of Wall Street estimates as it saw a boost from higher prices and robust demand for its products.
The Body Shop prepares to slash jobs and close stores as administration confirmed February 13, 2024 Hundreds of jobs are expected to be lost and stores closed as The Body Shop officially entered administration.
Why are UK banking stocks doing so badly despite bumper profits? February 13, 2024 The UK's biggest banks are set to post bumper annual profits when they report their 2023 results in the coming weeks. But why are they not being rewarded on the stock market?
ITV: Mayfair hedge fund snaps up stake as broadcaster grapples with ‘ad recession’ February 13, 2024 A secretive Mayfair-based hedge fund has snapped up a stake in ITV today as the broadcaster struggles with an "advertising recession" and a sharp slump in its share price.
Year of the Dragon: Top fine-dining Chinese restaurants in London February 12, 2024 From Peking duck carved tableside to steaming hot pot, these Chinese restaurants are the perfect places to cheer in the year of the dragon
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
School of Hard Knocks lunch raises £100k on proud day for Square Mile February 12, 2024 A major success was hailed last Thursday as the great and good of the City of London and beyond descended on Threadneedle Street’s M Restaurant for the annual School of Hard Knocks Long Lunch. Rugby World Cup winners, international sports players, broadcasters and brokers all played their part in raising over £100,000 for the School [...]
Meet the man who ditched the Tories to drive Labour’s business offensive February 9, 2024 The Conservative party has “trashed” its reputation for “fiscal coherence” and sacrificed its standing as the party of business, a former business adviser to Boris Johnson has claimed.