Helios Towers shares drop: Debt rises, revenue and profit lifts as guidance ‘tightened’ August 8, 2024 Shares in telecommunications tower company Helios Towers plunged more than 12 per cent in early trading on Friday after it said it has racked up a larger debt pile in its interim results. The London-listed company said net debt edged up three per cent to $1.76bn (£1.39bn) in the six months to 30 June. Results [...]
FTSE 100: London markets pare losses and US stocks surge after jobless figures August 8, 2024 London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession.
Beazley: Shares hit all-time high after insurer doubles profit and improves guidance August 8, 2024 Shares in Beazley have hit an all-time high after the Lloyd's of London insurer more than doubled its profit in the first half of 2024 and improved its outlook for a key measure of full-year profitability.
Assura: Group snaps up 14 private hospitals as firm gears up for Labour spending spree August 8, 2024 Healthcare property giant Assura has announced a £500m acquisition of a UK private hospital portfolio from Canadian group Northwest Healthcare Properties. The move comes following Labour’s commitment to use more private healthcare providers to help clear the NHS treatment backlog. The takeover includes 14 locations averaging 36 registered beds per hospital and is predominantly based [...]
FTSE 100 engineer Spirax misses expectations amid ‘weak’ macroeconomic backdrop August 8, 2024 Spirax Group has missed expectations as the FTSE 100 engineering firm highlighted challenging trading conditions in its key markets.
Entain: FTSE 100 giant’s strategy ‘bearing fruit’ as Ladbrokes owner’s loss narrows August 8, 2024 It comes ahead of the arrival of new chief Gavin Isaacs, who is set to join Entain in early September, while David will succeed as chair at the end of that month.
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares August 8, 2024 Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s junior AIM market in 2013, has seen its share prices drop month-on-month for the past year from 147 pence on September 30, 2023, to 52 [...]
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour August 8, 2024 Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (GTV) came in just under £3.7bn, up five per cent year on year from £3.5bn. The food delivery [...]
Adieu City A.M. Towers: A toast to the Tiktokers August 8, 2024 As City A.M. bids adieu to its current home, Lucy Kenningham considers The Tiktokers
Congratulations France, but Paris 2024 legacy must now be human August 8, 2024 This is a Paris you’ve never known and never will again. Empty side streets speak of Parisians good to their threats to vacate for the Olympics. Hotel receptionists attest to sluggish bookings. Restaurants are shuttered. And yet the crowds are here, French and foreigners alike. They exude a relaxed urgency, a collegiate passion. The sport [...]