London Stock Exchange to list crypto derivatives for institutional investors March 11, 2024 The London Stock Exchange has said it will be accepting applications for crypto exchange-traded notes (ETNs), after the Financial Conduct Authority lifted its ban on the instruments for institutional investors. ETNs are similar to exchange-traded funds (ETFs), but they rely on unsecured debt securities issued by a bank, meaning that they do not directly hold [...]
Asos: All eyes on pandemic poster child’s turnaround results September 24, 2023 Investors will turn their focus to online retailer Asos’s trading update on Tuesday to see if the digital fashion store has shown signs of a rebound, following its ongoing turnaround plan and bid to pick up the pieces after a post-pandemic lull. Asos was once the poster child of pandemic success, at its height buying [...]
Spectrum Brands: Profit slashed at Russell Hobbs, George Foreman and Remington owner despite sales surge August 6, 2024 Profit at the UK arm of the group behind Russell Hobbs, George Foreman and Remington was slashed during its latest financial year despite its sales surging by almost £80m. Spectrum Brands, which has its UK base in Manchester, has reported a pre-tax profit of £3.3m for the 12 months to September 30, 2023, according to [...]
Societe Generale offloads UK and Swiss private banking units in latest sales August 5, 2024 French bank Société Générale has struck a deal to sell its UK and Swiss wealth management businesses to Geneva-based Union Bancaire Privée for €900m (£771m) as part of efforts to offload less profitable divisions.
Currys’ share price up after ‘better-than-expected’ Christmas trading January 18, 2023 Currys’ share price has spiked more than seven per cent, after it told investors this morning its Christmas profits were better than expected. The technology retailer reported better than forecast profits over the Christmas period, with sales in the UK offsetting a slow down in Scandinavia. The company said UK trade rose in the 10 [...]
Greggs reports bumper sales growth as consumers snap up iced drinks May 14, 2024 Greggs has continued to grow in the first few months of 2024.
Bank of England’s reputation is at stake in the interest rate tragicomedy September 22, 2021 Misplaced expectations often lead to wasted time. Pip, Vladimir and Estragon waiting for Godot, and even England fans crying out for the arrival of Jack Grealish during Euro 2020. These stories teach us that banking on something to happen can lead to opportunities going amiss. The Bank of England could be lumped into that group [...]
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.
CityFibre and Community Fibre ‘weighing up’ G Network swoop July 11, 2024 Cityfibre and Community Fibre are eyeing a takeover of smaller rival G Network, which connects hundreds of thousands of central London premises, according to reports.
Dreary summer pushes consumer spending to three-year low July 9, 2024 The Barclays report found it was also not enough to keep footie fans away from the pubs, bars and clubs, which saw "modest" year-on-year growth in June, up 0.5 per cent.