Schroders: Why ‘safety-ism’ is off the agenda in money manager’s turnaround November 6, 2024 Schroders’ new chief Richard Oldfield will be tasked with reining in costs and boosting growth at the storied FTSE 100 asset manager Peter Harrison struck a sprightly figure as he addressed a room full of City types in the days after Labour’s election victory in early July. While uncertainty was still gripping the Square Mile [...]
Trump and Tesla shares soar as Republicans secure victory November 6, 2024 Shares in Trump Media & Technology Group and Tesla soared in early trading on Wednesday as investors rallied behind stocks associated with newly elected US President Donald Trump and one of his key backers, Elon Musk. Trump Media & Technology Group (TMTG), owner of the Truth Social platform, spiked as much as 35 per cent [...]
Underground air to heat London’s iconic buildings November 6, 2024 Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme. This low-carbon network will soon channel excess heat from the Underground to power several sites in central London, namely Downing Street and the National Gallery. This comes following last week’s Budget, in which chancellor Rachel Reeves announced significant investments [...]
Analysis: What does Trump’s victory mean for the UK? November 6, 2024 Donald Trump’s political resurgence poses important questions for the UK and the wider world. After securing the requisite 270 electoral college votes, Trump is on course to return to the White House as the 47th President of the United States, in January. And from his dealings with global leaders, the UK-US special relationship, to military [...]
YouGov: Recent acquisition boosts revenue November 6, 2024 YouGov has reported strong full year revenue, slightly north of guidance, due to better-than-expected performance from its recently acquired Consumer Panel Services (CPS) arm. As expected, revenue reached £335.3m in the year ended July 2024, up by 30 per cent year on year and outpacing guidance put forward in August, due to bumper research activity [...]
FTSE 100 falls back as traders digest Trump presidency November 6, 2024 The FTSE 100 pared its gains and sterling tumbled on Wednesday as traders digested how Donald Trump's presidency will impact the global economy and the UK.
Braemar Shipping hikes dividend as profit set to double November 6, 2024 Shares in Braemar Shipping rose this morning after the shipping consultant hiked dividends and said it was on track to meet a previously stated objective of doubling full-year profit from 2021. Investors in the London-listed firm can expect an interim dividend of 4.5p per share, a 13 per cent increase year-on-year. It came as operating [...]
Lancashire Holdings shares surge to the top of the FTSE 250 after special dividend announced November 6, 2024 Lloyd’s of London insurer Lancashire Holdings has announced another special dividend in its results for the three months to 30 September. Shares in the company jumped 9.2 per cent in early deals to the top of the FTSE 250 after the results were published. The company reported a nine per cent jump in gross written [...]
Persimmon on track to deliver 10,500 homes as house prices hold firm November 6, 2024 Persimmon's performance has been propped up by improved customer sentiment as interest rates began to reduce and affordability improved.
Wise: Fintech’s shares pop as swelling customer base boosts profit November 6, 2024 Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.