Travis Perkins: Profits slashed by £175m as housing downturn cuts revenue March 5, 2024 A downturn in the house building market let to profits at Travis Perkins being slashed by £175m during its latest financial year.
IAG: British Airways owner hits £3bn profit and boss says plenty more to come February 29, 2024 British Airways owner the IAG reported record pperating profits in its full-year results this morning amid a boom in travel demand.
Why are Extinction Rebellion Talking About Palestine? March 4, 2024 Workers in the City of London will, by this point, be quite familiar with the sight of climate activists causing a ruckus. As key hub for the finance industry, the square mile has been the site of many direct-action protests over the past few years, including office occupations, event disruptions, banner drops, and unwanted building [...]
Citi’s investment banking market share drops to lowest level since 2000 February 27, 2024 Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.
Net zero is the economic opportunity of the 21st century June 3, 2024 Investing in the green transition, in the companies based in the Square Mile, is good for the climate fight and for our own economic development, says Chris Hayward Of the City’s many strengths, few have such global significance as our expertise in sustainable finance. Tomorrow, that talent and expertise will be on show at the [...]
Made.com customers will not see return of £12m in deposits for pricey furniture December 27, 2022 Tens of thousands of Made.com customers will be left out of pocket by a total of nearly £12m, according to the homeware firm’s administrators. The London-listed sofa seller collapsed this autumn after a consumer crunch caused sales to slow, resulting in hundreds of job losses. Now, a report by PwC administrators has revealed that more [...]
Chancellor Zahawi on US trip in effort to bang the drum for London finance August 30, 2022 Chancellor Nadhim Zahawi will embark on a US trip this week in an attempt to bang the drum for Britain’s post-Brexit financial future. Zahawi will visit the New York Stock Exchange and meet with senior global bank representatives with “the aim of setting the highest possible standard for global financial services co-operation between the two [...]
National Grid profits slip near 20 per cent as chief slams government inaction November 9, 2023 National Grid has called for policy to keep up with the company's push to electrify the country's grid following record spending.
GSK shareholders give Haleon split the green light July 7, 2022 Shareholders in British pharmaceutical giant GlaxoSmithKline (GSK) gave its historic demerger the “expected” seal of approval yesterday, meaning its consumer division will be able to list on the London Stock Exchange as a separate entity later this month. In the most significant corporate change at GSK for the last two decades, the split will see [...]
Ouch: Petrofac predicts $100m loss, causing shares to plummet December 20, 2022 Petrofac's shares slid to a record low on Tuesday after the embattled company forecast an operating loss of $100m in its full-year results.