Admiral shares fly to the top of the FTSE 100 as firm hikes dividend amid profit surge August 15, 2024 Admiral Group has reported its half-year turnover leaped 43 per cent to £3.2bn, due to a strong performance in insuring UK motors
Magners and Tennent’s owner C&C outperforms in tough alcohol market August 15, 2024 Drinks company C&C, the owner of brands such as Magners and Tennent’s, has said it’s on track to meet expectations this year despite well-documented troubles in the alcohol industry. The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained “confident” of achieving its set goal and that [...]
Mecca Bingo owner The Rank Group surges back to profit as people return to casinos August 15, 2024 The owner of Mecca Bingo, The Rank Group, has surged back into the black with profit that outstripped previous expectations. The London-listed group, which is headquartered in Maidenhead, saw its net gaming revenue grow by nine per cent year on year to £734.4m in the 12 months ending June 30, 2024, up from £671.4m in [...]
Empiric Student Property rental growth strong as re-booking set to reach record high August 15, 2024 Empiric Student Property’s like-for-like rental growth hit 10.5 per cent in the first half of its 2024 financial year as the demand for student property exceeded demand. The firm, which owns and operates student accommodation at top UK universities, reported revenue growth of 2.7 per cent over the six months to 30the June. Adjusted earnings [...]
UK economy grows 0.6 per cent in second quarter, in line with expectations August 15, 2024 The UK economy grew in line with expectations in the second quarter of 2024, as it continued to bounce back from a shallow recession.
Dear Keir Starmer and Labour, please double down on funding Team GB athletes August 15, 2024 Sport columnist Ed Warner reflects on the Paris 2024 Olympic Games, the Team GB medal haul and UK Sport funding. Dear Sir Keir, Ms Reeves and Ms Peacock, How do you feel about Team GB’s medal tally at the Olympics? More medals, 65, than last time out in Tokyo and equal to the London 2012 [...]
UK confidence in financial inclusion plummets despite strengthening economy August 15, 2024 People in the UK are feeling significantly less financially included than they used to be, City A.M. can reveal, as the pressure of the cost of living crisis continues to weigh on the public . The proportion of people who say they feel financially included in the UK has dropped to only 56 per cent [...]
Workers to strike at Rolls-Royce supplier owned by Warren Buffett’s Berkshire Hathaway August 14, 2024 Almost 200 workers at a supplier to the likes of Airbus, Rolls-Royce and BAE Systems are to strike over an “unacceptable” pay offer. The employees at SPS Technologies in Leicester will begin industrial action later this month, union Unite has confirmed. SPS Technologies is part of Precision Castparts Corp which is owned by Warren Buffett’s [...]
US inflation dips to three-year low August 14, 2024 US inflation reached its lowest since March 2021 in July, coming in at just 2.9 per cent and further strengthening the case for an interest rate cut from the Federal Reserve. Analysts had expected US inflation in July to come in at three per cent, unchanged from where it had fallen to in June. While [...]
Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.