Smurfit Kappa packs a punch with third quarter update October 30, 2019 Packaging company Smurfit Kappa Group (SKG) today announced 11 per cent growth for 2019 so far, with the Dublin-based company’s earnings growing to €1.26bn (£1.09bn). SKG returned revenue of €6.8bn in the nine-month period ended 30 September, three per cent above the same period last year. Read more: GSK posts third quarter sales growth after [...]
Severn Trent announces new chair October 30, 2019 Severn Trent announced this morning that Christine Hodgson had been appointed as the next chair of the FTSE 100 water company. Hodgson will succeed Andrew Duff in April 2020, having joined the board as a non-executive director from 1 January. Read more: Severn Trent chairman steps down as water firm implements new plan She is [...]
Treasury confirms taxpayers will foot bill for melted 50p Brexit coins October 29, 2019 The Treasury has confirmed the taxpayer will be footing the bill for the special 50p coins minted to commemorate Brexit on 31 October that are now set to be melted down. The Treasury confirmed to City A.M. that it was paying for the production and circulation of the coins, as they were due to become [...]
RSA shares up on underwriting profit boost November 7, 2019 Shares in insurer RSA rose today after it announced underwriting profit had grown in the first nine months of the year. The FTSE 100 company said operating profit rose in the first nine months of the year, but did not publish third quarter numbers. RSA’s shares rose 3.3 per cent to 550p this morning. Read [...]
Bitcoin continues good run as stock markets pick up February 16, 2022 The crypto markets look stable again this morning, with Bitcoin continuing to hold above $44k and Ethereum above $3,100.
Stock markets mixed as traders await details from US-China talks November 19, 2019 Asian shares had a mixed time last night as traders held back from making big moves until there is more clarity over the US-China trade negotiations. European stock markets have opened broadly higher this morning following a subdued day yesterday. Read more: Donald Trump defends China trade war but says a deal ‘close’ China’s Shanghai [...]
Chief executive turnover in decline as more firms hire from within July 11, 2019 The turnover rate among chief executives is in decline as blue-chip firms increasingly turn to internal candidates for the top jobs. New figures published today revealed the turnover rate for FTSE 100 chief executives over the past year was just 10 per cent, down from 14 per cent in the previous 12 months. Read more: [...]
Primark bounce helps offset sugar slump at ABF November 5, 2019 Ingredients group Associated British Food posted a slight rise in profit for the last 12 months, as a strong showing in fashion arm Primark offset a sharp slowdown in its embattled sugar business. Shares in the FTSE 100 group climbed four per cent to 2,329p in early morning trading. The figures Adjusted operating profit hit [...]
Severn Trent raises dividend despite fall in profits November 21, 2019 Severn Trent raised its dividend this morning despite a fall in profits due to its deferral of customer incentives and increased investment in infrastructure renewals. Read more: Severn Trent announces new chair Shares in the utility slipped over 1.5 per cent in the morning’s trading. The figures Severn Trent announced revenue of £910m for the [...]
Micro Focus overhauls executive pay after shareholder backlash September 26, 2019 Troubled software firm Micro Focus has said it will overhaul its executive pay policy following a backlash from shareholders. Read more: Micro Focus taps Goldman Sachs to lead review after share price crash The Newbury-headquartered company said it had reviewed its remuneration scheme after investors raised concerns about the overall structure of its pay policy. [...]