Travis Perkins lowers profit forecast on housing market slowdown August 6, 2024 Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
Principality Building Society’s profit nearly halves as lower rates offset mortgage boost August 6, 2024 Principality Building Society, the largest mutual lender in Wales, has seen its profit nearly cut in half as mortgage price wars and looming interest rate cuts dragged on its lending margins.
Thames Water fined £104m over wastewater failures in landmark Ofwat investigation August 6, 2024 Three water companies are facing fines totaling £168m for failing to properly manage their wastewater treatment works and networks, Ofwat has announced today.
UK retail sales pick up as summer finally heats up August 6, 2024 Retail sales returned to growth in July after the long-awaited summer boost for retail finally arrived along with the warmer weather. Total retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor [...]
Will the Rolls-Royce share price continue to defy gravity? August 5, 2024 Rolls-Royce has been the talk of the FTSE 100 over the last year. Will the share price rally ever end? (Yes, but not yet).
US recession fears ease but markets remain firmly in the red August 5, 2024 US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.
Turtle Bay serves up another record year after championing four-day week August 5, 2024 Caribbean restaurant and bar chain Turtle Bay has reported another record year and hailed the success of its switch to a four-day working week for its employees.
Firmdale: Record year for luxury London and New York hotel group amid expansion plans August 5, 2024 Turnover at the group behind luxury hotels in London and New York edged to almost £200m during its latest financial year, it has been revealed.
Solid services sector ‘bodes well’ for UK economy despite stubborn price pressures August 5, 2024 Business activity in the services sector picked up in July, according to a closely watched business survey, suggesting that the economy will continue to grow in the months ahead. S&P’s purchasing managers’ index (PMI) for the services sector picked up to 52.5 last month, rising from 52.1 in June and marginally ahead of the 52.4 [...]
Senior: Rolls-Royce partner reports dip in profit amid Boeing 737 Max setbacks August 5, 2024 The FTSE 250 aerospace and defence supplier said operating profit and pre-tax profit had fallen, despite booming demand for travel worldwide.