REPLY: The Board of Directors Approved the Draft Financial Statements for the Year 2025 March 12, 2026 All economic indicators are positive. Consolidated turnover of €2,483.6 million (€2,300.5 million in 2024); EBITDA at €467.6 million (€410.6 million in 2024); EBIT at €391.7 million (€330.4 million in 2024) Group net profit at €250.9 million (€211.1 million in 2024) Approval of the proposed dividend distribution of €1.35 per share.
John Lewis boss: Labour must keep pledge to reform business rates March 12, 2026 Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]
EIG’s MidOcean Energy to Acquire Additional Gorgon LNG Interest from JERA; Parties Explore Strategic Alliance March 12, 2026 Transaction increases MidOcean’s equity exposure to premier Australian LNG project Adds incremental uncontracted LNG volumes, enhancing portfolio optimization and marketing flexibility Planning future collaborations, exploring further transactions and opportunities with JERA across other assets globally with the aim of creating a future strategic alliance
John Lewis reinstates staff bonus but remains ‘cautious’ March 12, 2026 John Lewis has returned its staff bonus after years of its suspension, as the retail titan turned a profit but remains “cautious” in a testing retail environment. The partnership, which also owns Waitrose, made a £134m profit in the year to January 2025, up six per cent from the year before, and notched growing sales [...]
Revolut is now a bank. Raise a glass to this stellar British success story March 11, 2026 It has been a painfully long wait for Revolut. But at last, the patience of Europe’s most valuable fintech has paid off. Its British banking licence has arrived. This is the final step in Revolut’s decade-long journey to become a fully-fledged bank. That means it is no longer – by any yardstick – a startup. [...]
House of Lords warns ministers’ pension power grab ‘dangerous and unjustified’ March 11, 2026 A member of the House of Lords has described the reserve power in the Pension Schemes Bill as “dangerous and unjustified” as ministers face intense scrutiny over the detail of their overhaul of the pensions system. Speaking in the House of Lords during an urgent question session, Baroness Stedman-Scott, a Conservative member, called out the [...]
Will you lose your job to AI? This tool could give you a clue March 11, 2026 A new online tool promises to show workers how exposed their job is to AI, as debate intensifies over how the technology will reshape the labour market. The platform, launched by career intelligence startup Somethingelse, allows users to test their role against an analysis of more than 5,000 jobs. It measures how much of each [...]
Ask the expert: Can I afford a gap year in my 40s? March 11, 2026 Do you have a personal finance question that you’re struggling to find an answer to? Email askthexpert@cityam.com Questions will be published anonymously. Fidelity personal finance specialist Marianna Hunt is back to advise a reader who wishes to take a year off for travel but worries about disrupting long term savings plans. Q: I’m in my [...]
Legal & General shares slide after profit disappoints March 11, 2026 Legal & General share price tumbled in early morning trading, after the asset management and insurance giant’s reshape was overshadowed by lower-than-expected profit. Shares fell 5.5 per cent to 244p on Wednesday, after core operating profit of £1.62bn fell short of analyst’s £1.65bn expectation, creating a “source of disappointment for investors”, despite it rising six [...]
KBRA Assigns Preliminary Ratings to NewDay Partnership Master Trust, Series 2026-1 March 10, 2026 KBRA UK (KBRA) assigns preliminary ratings to three classes of notes to be issued under the NewDay Partnership Master Trust (Master Trust), a UK credit card ABS programme backed by receivables originated by NewDay Ltd. (NewDay) and serviced by NewDay Cards Ltd. NewDay is a UK-based consumer credit provider established in 2001 and regulated by [...]