Entain: Shares tumble after US division predicts full year loss July 29, 2024 Entain's aggressive expansion in the US helped the gambling firm's American division to bring in over a billion dollars (£780m) of revenue in the first half of the year, as it ramps up marketing spend.
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears July 29, 2024 Shares in Reckitt Benckiser plunged nearly 10 per cent after a US jury found Abbott Laboratories failed to warn consumers about the health risks of its product.
Mortgage market treads water before of Bank of England interest rate decision July 29, 2024 Bank of England data showed that the number of mortgage approvals, which indicate future borrowing, remained broadly steady in June at just under 60,000.
Just Stop Oil protestors arrested at London Gatwick Airport after blocking departure gate July 29, 2024 Seven protestors entered the terminal and used suitcases with lock-on devices to block the gates at around 8am on Monday morning.
Pearson boss forecasts ‘rapid advances’ in AI as profit holds July 29, 2024 In a statement, Pearson said its outlook for profit, sales and tax remained in "in line" with market expectations.
Smallcap trust Smithson struggles to find hidden gems as net asset value drops by nearly two per cent July 29, 2024 Smallcap-focused Smithson Investment Trust struggled to find the diamonds in the rough as its net asset value dropped 1.8 per cent over the last six months.
Lloyds housing fund snaps up £300m Watkin Jones scheme in London’s Stratford July 29, 2024 A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly £300m.
Ofgem takes steps to improve flexibility of UK’s energy market in clean power push July 29, 2024 Ofgem has pushed ahead with plans to increase the flexibility of the UK's energy market as it becomes more reliant on intermittent sources of energy, like wind and solar.
Molten Ventures: Private equity portfolio slumps five per cent July 29, 2024 Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may be on the horizon.
Miraval mystery: The Jersey trust at heart of Brad Pitt wine war July 29, 2024 Brad Pitt has demanded to know who he is in business with after half of his hip wine brand Chateau Miraval, sold by his former partner Angelina Jolie to exiled Russian billionaire Yuri Shefler, ended up in a secretive Jersey trust.