Easyjet holds guidance as it eyes £700m profit May 22, 2025 Easyjet has doubled down on full-year guidance as forward bookings showed promise ahead of summer. The low-cost carrier said bookings had been such that it expects to meet a prior target of £703m for annual pre-tax profit. Headline pre-tax losses came in at £394m, up 13 per cent year-on-year for the six months ended 31 [...]
Mark Kleinman: Reeves’ City IPO push still lacks momentum May 22, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ City IPO push still lacks momentum It’s the City’s most oft-recurring question: how do you reverse the alarming decline in London’s attractiveness as a destination for IPOs? The bald statistics legitimise the urgency of the [...]
JD Sports: Shares drop on tariff uncertainty despite higher dividend May 21, 2025 JD Sports has raised its dividend on a double-digit rise in revenue after an uptick in European and North American demand. Shares, however, dropped more than seven per cent as the retailer warned that the visibility in US trading was uncertain due to the tariff impact. Overall revenue grew 12 per cent to £11.45bn in [...]
Red Bull diluted: Energy drink giant reduces stake in Leeds United May 21, 2025 Red Bull’s stake in Leeds United has reduced to below 10 per cent after the German energy drinks company declined the opportunity to invest in the issue of £120m of new shares ahead of the club’s return to the Premier League. The new funding has been provided by members of the 100-strong consortium of investors [...]
King up for the fight to gain victory in Hong Kong May 20, 2025 HAPPY Valley racing fans face a dilemma when they arrive at the city track for a nine-race programme starting at 11.40am on Wednesday. It has not been easy for bettors at the Valley in the past six weeks with numerous surprise results – there were a handful of winners last week returning at double-figure odds [...]
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Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform May 19, 2025 Rachel Reeves has told top bank bosses she is “open-minded” to ditch the ring-fencing regime imposed on major banks. The Chancellor was lobbied by the chiefs of HSBC, Lloyds, Natwest and Santander to scrap the 15-year-old legislation last month. Lenders slammed the system – which requires firms to keep their retail bank operations separate from [...]
iForex confirms London listing plans and adds City veteran to board May 19, 2025 Fintech trading platform iForex confirmed its plans for a London-lisiting on Monday morning in a major boost to the embattled market. The fintech said following an initial public offering (IPO) its shares will be traded on the main market of the London Stock Exchange. Its admission is expected in late June 2025. The firm – [...]
Keir Starmer reaches tentative EU trade deal ahead of summit May 19, 2025 Sir Keir Starmer has agreed a tentative trade deal with the EU, the biggest shake-up of Britain’s relationship with the bloc since Brexit. The UK-EU deal is expected to involve a new trading arrangement and a border deal and could extend to a new security and defence pact, which could open up access to the [...]
UK-EU trade talks in ‘final hours’ ahead of landmark summit May 18, 2025 Talks on a UK-EU deal are in their “final hours” ahead of a major summit with the bloc, the minister in charge of negotiations has said. Sir Keir Starmer is expected to announce a deal with the EU when he meets European Commission President Ursula von der Leyen and European Council President Antonio Costa in [...]