RM’s profit booms amid ‘year of transformation’ December 11, 2024 Education technology firm RM expects better-than-expected results for 2024, describing it as a “year of transformation” amid a “challenging UK schools market.” The London-listed company said it anticipates adjusted operating profit for the year ending 30 November to be between £8.4m and £8.8m – five to 10 per cent ahead of market expectations. Adjusted earnings [...]
Heathrow: Fresh ‘kiss and fly’ charge hike slammed as ‘blatant raid’ December 11, 2024 Heathrow intends to raise per-passenger charges from £5 to £6 in January next year, a move which follows previous hikes in 2024.
Dan Loeb’s Third Point weighs ‘strategic options’ after pressure from activist investors December 11, 2024 Hedge fund Third Point investment trust has identified “a number of credible strategic options” to boost its share price following a strategic review led by activist investors. In April, the trust appointed a duo of activist investors to its board to try and fix the persistent gap between its share price and value of its [...]
Fresh legal twist in Wimbledon expansion saga December 11, 2024 Wimbledon chiefs have begun a legal process in a bid to see off any lingering threat of a challenge to their £200m expansion plans for the world famous tennis club. Opponents of the scheme want to use an obscure law to quash the planning permission finally granted last month, three years after the plans were [...]
Ashtead launches buyback amid FTSE 100 departure December 11, 2024 FTSE 100 giant Ashtead has launched a $1.5bn (£1.2bn) share buyback after announcing yesterday it would be switching its primary listing to the US. In a stock exchange notice today, the construction equipment firm said it had entered into an agreement with Barclays to buy back up to 65m shares over the next 18 months. [...]
Tui profit jumps but growth set to slow December 11, 2024 Shares in Tui fell on Wednesday despite full-year profit rising by a third on strong demand for its wide-ranging travel offering.
Premier Sports hit Champions Cup targets, says broadcaster chief December 11, 2024 Investec Champions Cup broadcaster Premier Sports insisted they hit viewership targets across the opening weekend of action. The Irish broadcaster has taken over the broadcast rights from TNT Sports for Great Britain as part of a three-year deal with the competition’s governing body EPCR. Despite concerns over the coverage, which featured some technical glitches and [...]
HSBC plots $3bn cost savings in new chief’s restructuring December 11, 2024 HSBC is reportedly hoping to realise at least $3bn of cost savings as part of its biggest restructuring in a decade under new chief executive Georges Elhedery. Europe’s biggest lender aims to complete its revamp by next June, Bloomberg News reported. The overhaul will see the London-based lender reorganise into four new divisions and split [...]
Ahead of the Game: British Horseracing Authority accused of ‘selling out sport’ December 11, 2024 Campaign group Clean Up Gambling has switched horses and is backing racing in the sport’s push to be regulated separately from online casinos and slots. Clean Up Gambling, which is funded by multimillionaire Labour donor Derek Webb and run by former party official Matt Zarb-Cousin, has called for racing to be exempt from affordability checks [...]
The battle of ideas is more important than ever December 11, 2024 One of the features of modern politics is just how reactionary it is; political leaders jump from issue to issue as the agenda dictates while the media (understandably) follows or leads this trend. For those who keep a close eye on politics it can therefore feel as if life is a series of tactical battles [...]