Market shrugs at Durex owner Reckitt’s growth and simplification plan July 24, 2024 Durex condom maker Reckitt Benckiser has pledged to sell off its home care and nutrition brands as part of a simplification drive, instead focusing on health and hygiene.
Greencoat UK Wind shrugs off slow winds with ambitious share buyback scheme July 24, 2024 Greencoat UK Wind has pushed ahead with an ambitious share buyback programme, even as the trust struggles with low wind speeds and falling electricity prices.
Disney’s Magical Cruise Company sails ahead as Disneyland parks struggle July 24, 2024 According to recently filed accounts, Disney’s cruise line sailed past the £1.6bn ($2bn) revenue mark in 2023 for the first time in its 25-year history, thanks to a surge in demand as it emerged from the pandemic. Disney’s filings in the United States don’t disclose the results of all of the businesses it owns and [...]
Aston Martin loses over £200m ahead of production ramp-up July 24, 2024 A fall in demand for luxury models led to Aston Martin losing more than £200m during the first half of 2023, it has been revealed.
Harworth: Property developer on track to grow portfolio to nearly £1bn after strong start to 2024 July 24, 2024 Six months into its financial year property developer Harworth says it’s on track to grow its investment portfolio to almost £1bn in the next five years, having already completed more than 80 per cent of its planned sales for 2024. The London-listed group, which specialises in land regeneration, said it had completed, exchanged or in heads of [...]
The Notebook: Falling fares spell trouble for airlines while Big Tech set for monster quarter July 24, 2024 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor, with the pen, talking airline stocks, Big Tech earnings season and her summer listening picks Turbulence at Ryanair, BA and Easyjet Airline stocks are having a turbulent time. Just on Monday, shares [...]
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]
FCA spent too long ‘looking in on itself’ says former executive July 24, 2024 The Financial Conduct Authority may be sleepwalking into the next financial scandal after spending too long “looking in on itself”, a former senior official has warned. Speaking on the Following the Rules podcast, ex-regulator Gavin Stewart, former chief risk officer at the FCA and a veteran of its previous incarnation, the Financial Services Authority (FSA), [...]
Amplats: will the precious metal miner bring touch of sparkle to City? July 24, 2024 Ever since shrugging off repeated bids from rival Australian miner BHP, Anglo American has been promising shareholders a major restructuring. The FTSE 100 mining giant pledged to deliver a “radically simplified” portfolio that would focus on its core mining divisions, copper, premium iron ore and crop nutrients. The sweeping restructuring, which was a condition of [...]
Build, Baby, Build: If you want growth, you need social housing July 24, 2024 Key workers are being priced out of renting in London, placing huge human and economic costs on the capital. By recognising the value of social housing to people and to the economy, we can make the case to build more much-needed social housing in London and create a more affordable, more inclusive city for all [...]