SSE reaffirms guidance as adverse weather drives renewables output February 5, 2025 Energy supplier SSE reaffirmed full-year guidance this morning as variable weather ramped up renewable energy output. The London-listed firm expects adjusted earnings per share of between 154p to 163p and also maintained its operating profit targets. Output from SSE renewables was up by just over a quarter year-on-year over the first nine months, reflecting the [...]
FTSE 100 giant GSK eyes more than £40bn in sales by 2031 February 5, 2025 Pharmaceutical giant GSK has hiked its 2031 sales forecast to more than £40bn, up from £38bn, after reporting better than forecast fourth quarter earnings. The London-listed pharma giant reported core earnings per share of 23.2p for the quarter, a drop of around 20 per cent year-on-year. However, this was greater than the 19p that analysts [...]
Santander announces new buyback as profit jumps February 5, 2025 Spanish banking giant Santander has today reported a bumper set of numbers for 2024 thanks to higher income from its retail banking business and lower costs. For the year, the group reported a profit of €12.5bn (£10.4bn), up 14 per cent and revenue growth of eight per cent to €62.2bn. The group’s return on tangible [...]
From Rapid Tapping to mindful drinking with Poppy Delbridge February 5, 2025 I AM ALWAYS looking for ways to balance wine and wellness, to discover new ways to embrace a healthy lifestyle while enjoying a tipple. So when Poppy Delbridge invited me to her Rapid Tapping session at the refurbished Kensington Roof Gardens, I jumped at the chance. Rapid Tapping is nothing to do with getting your [...]
Making it Raine: US bank to earn £10m from Hundred franchise sales February 5, 2025 The Raine Group is on course to bank around £10m in commission from its role in the sale of the eight Hundred franchises. City AM has learned that the New-York based bank will earn fees worth two per cent of the price paid for 49 per cent stakes in the franchises sold by the England [...]
Labour’s waning brand is a boost for the Lib Dems, not the Tories February 5, 2025 Labour has followed the Tories in embroiling itself in a crisis of trust, and it's the Lib Dems who stand to gain, writes James Reed.
Rocket Padel banks on ‘tenfold’ growth ahead of London expansion February 5, 2025 Britain’s booming number of padel players can grow tenfold because the country has the “perfect ingredients”, says the founder of Rocket Padel as the operator prepares to open a new club in Beckton, east London. The new site, due to open in April, will be the Scandinavian brand’s seventh club worldwide and its fourth in [...]
CBI boss: ‘Not realistic or right’ to decouple from China February 5, 2025 Rain Newton-Smith, head of the UK’s leading business group, will urge the government to ignore the “siren call of protectionism” amid mounting tensions in the global economy. In a speech set to be delivered later today, the chief executive of the Confederation of British Industry (CBI), will call on the government to forge deeper ties [...]
What’s really pushing entrepreneurs towards the exit? February 5, 2025 Two thirds of entrepreneurs considering an exit feel pushed to sell up sooner than planned because of tax rises. If we want to keep wealth creators on British soil, we need to not only support, but celebrate them, says Kevin Barrett Entrepreneurs are on the move and if the UK wants to keep them, it [...]
Sadiq Khan launches new nightlife squad to advise on replacing Amy Lamé February 4, 2025 Sadiq Khan has launched a new London nightlife taskforce which is expected to advise on whether the former Night Czar, Amy Lamé, should be replaced. The Mayor of London launched the new independent nightlife committee, which will be led by fabric nightclub founder Cameron Leslie, on Tuesday. It is aimed at supporting the capital’s nighttime [...]