FTSE 100 close: Strong results from Hargreaves Lansdown and Ocado tip index into green September 19, 2023 Strong performances from Hargreaves Lansdown and Ocado helped tip the FTSE 100 into the green despite concerns around inflation.
Hargreaves Lansdown profits surge despite ‘challenging’ conditions spooking investors September 19, 2023 Hargreaves Lansdown topped the City’s profit predictions for the year today despite “challenging” market conditions triggering a sharp fall in the amount of cash flowing into its platform over the past 12 months.
The Notebook: What Andrew Bailey and Liz Truss have learnt from football managers September 19, 2023 Today editor Andy Silvester on communication problems, the rugby world cup and a new worry for the insurance sector
Cashplus looks to shrug off rival challenger banks after delivering £5m profit September 19, 2023 Cashplus, which secured a banking licence in 2021, delivered a post-tax profit of £5.5m on the back of record revenue, which rose 28 per cent year-on-year to £52m.
Stubborn inflation poses risks to financial stability, central bank watchdog warns September 18, 2023 Markets should not fall into the trap of thinking that inflation is decisively on its way down, the Bank of International Settlements has warned.
Frasers: Chief calls for reform of ‘outdated’ business rates regime September 18, 2023 The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government to overhaul the system.
SocGen shares tumble after new strategy sees little growth September 18, 2023 Societe Generale's shares plunged more than 9 per cent on Monday after France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
FTSE 100 close: London markets fall as central banks take centre stage again September 18, 2023 Markets were in a watchful mood as traders anticipated decisions from the US Federal Reserve, Bank of England and Bank of Japan later this week.
Share price plummets: Sorrell’s S4 Capital downgrades outlook as tech slowdown bruises ads market September 18, 2023 Shares in Sir Martin Sorrell’s S4 Capital plunged as much as 27 per cent at market open after it reported a mix bag of updates for the first half of 2023, with a strong technology division failing to make up for a slow ads market elsewhere in the business. The firm reported an operating loss [...]
Last orders? Number of pubs shutting for good jumps 50 per cent September 18, 2023 The number of pubs being demolished or converted for other uses across England and Wales surged by 50 per cent over the latest quarter, according to new figures. Official Government statistics have revealed that 230 pubs disappeared for good in the three months to June 30 as the impact of soaring costs and pressure on [...]