Wise: Profit upgrade sends shares jumping as fintech firm revels in rising interest rates October 12, 2023 Wise shares have jumped this morning after the fintech firm hiked its profit guidance for the year on the back of a boom in customer numbers and bumper income from interest rates. Wise, which offers a current account to customers and allows them to ping currency overseas, said in a trading update this morning income [...]
Easyjet: Giant brings back dividend but share price falls on lower profit guidance October 12, 2023 Easyjet has reinstated its dividend this morning after a record summer, while announcing a fresh order of 157 new Airbus aircraft.
GDP: Strong services sector sees UK economy return to growth in August October 12, 2023 The UK economy matched expectations in August, with GDP edging up 0.2 per cent
Travis Perkins shares sink after mortgage misery profit warning October 11, 2023 Travis Perkins joins a slew of other businesses in the construction industry which have been hindered by the UK's ailing property market.
Beleaguered London film studios could close despite demand spike, fear execs October 11, 2023 Demand for UK film and TV production is set to spike – just as new ‘studio taxes’ cause venues to fear going out of business, industry executives have warned. Studios face a newly-implemented business tax, known within the industry as a ‘studio tax’, which has halted productions and slowed others due to rising costs. The [...]
Pepsi raises profit guidance despite flat volumes October 10, 2023 Pepsico has upgraded its profit guidance for the third consecutive time in a row despite reporting a decline in volumes due to sticky inflation. The Coca-Cola rival said that its third-quarter revenue grew organically by 8.8 per cent to $23.5bn (£19.16bn) and underlying profit grew 12.1 per cent to $4.0bn. Pepsi, which sells favourites such [...]
YouGov full year revenue surges as it mulls over listing destiny October 10, 2023 YouGov reported strong 2023 full year results, with revenue shooting up 17 per cent, as it continues to decide the fate of its listing location, currently on London's stock exchange.
Aston Martin: Chair Lawrence Stroll bullish after revving up stake October 10, 2023 Aston Martin executive chair Lawrence Stroll has said that demand for the marque’s new generation sports cars has been “incredible,” after ramping up his stake. “I have already invested very, very heavily. I own a Formula 1 team and am the largest shareholder and executive chairman of AML so I don’t think I could be [...]
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
City firms love to play an economic blame game over investor confidence October 10, 2023 Companies are far too quick to blame the economic environment when a share price dips but they should look at the many things they can do to attract investors, Oliver Hughes writes