Relx: Data firm reports £1.5bn profit thanks to AI boost July 25, 2024 Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn thanks to demand for analytics underpinned by AI.
Hammerson: Shopping centre giant hit with £500m loss after selling stake in Bicester Village July 25, 2024 British shopping centre giant Hammerson has taken a £500m loss on the £1.5bn deal to sell its share in the company behind Bicester Village, according to just-filed documents.
Unilever shares surge to the top of the FTSE 100 despite sales miss July 25, 2024 Dove and Marmite-maker Unilever missed its sales targets in the second quarter of the year as a turnaround plan from chief Hein Schumacher failed to convince customers.
Rentokil: Stock falls as company fails to impress while takeover rumours swirl July 25, 2024 The stock dropped 5.81 per cent in early trading despite the firm unveiling a 14 per cent dividend hike, as investors were left unconvinced by a bland set of results.
BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
Tate & Lyle: Revenue dips after it passes cost savings on to customers July 25, 2024 Speciality ingredient specialist Tate & Lyle has seen its revenue dip despite increasing its product volume after it passed on its cost savings to customers via lower prices.
Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
CAB Payments attempts to move on from challenging year despite lack of ‘tailwinds’ from Nigerian Naira July 25, 2024 CAB Payments reported a “resilient” performance in the first half of the financial year as it attempts to move on from a difficult year. In a trading update covering the six months to June, the payments firm reported that gross income was down 22 per cent on last year, falling to £56m from £72m previously. [...]
IG Group profit sags as trading activity falls July 25, 2024 IG Group’s revenue sagged three per cent over the last year as the firm struggled to bring in new traders to its core business as market volatility remained subdued. In its results for the year to 31st May, the group said net trading revenue in over-the-counter derivatives (OTC) such as contracts for difference (CFDs) and [...]
Vodafone posts solid gains as chief Della Valle drives turnaround strategy July 25, 2024 The telco said it is still waiting for the competition regulator to rule on whether its proposal to merge its UK operations with those of Three is allowed.