Burberry: Firm axes dividend as group slumps to loss November 14, 2024 Burberry has slumped to a loss and axed its dividend for the first half of its financial year as sales at the British luxury house plunged. In its interim results for the 26 weeks to 28 September, the group reported an operating loss of £53m, down from a profit of £223m in the same period [...]
Serco: FTSE 250 firm predicts £20m hit from Budget tax changes November 8, 2024 British outsourcing giant Serco stressed the tax changes in the UK following the Budget will increase cost by £20m per year
Mobico: National Express owner begins to turn a corner November 7, 2024 National Express owner Mobico has said it is on track to hit operating profit targets for the full year, following a torrid period that saw its chief finance officer exit and shares plummet. The bus and coach firm said it expected to report an operating profit of between £175m and £205m, on an adjusted basis. [...]
FTSE 100 falls back as traders digest Trump presidency November 6, 2024 The FTSE 100 pared its gains and sterling tumbled on Wednesday as traders digested how Donald Trump's presidency will impact the global economy and the UK.
The five economic issues in the US election that could impact the UK November 5, 2024 With the US election only hours away, the UK will be watching and waiting to see if former president Donald Trump or Vice President Kamala Harris is able to take the win. But how could the winner of the US election actually affect the UK economy? 1. Tariffs and trade wars Former president Trump has [...]
Balfour Beatty wins £575m contract to rebuild major interstate highway in Texas November 5, 2024 Balfour Beatty has won a contract valued at more than half a billion to rebuild part of Interstate 35, the major Interstate Highway running through central US, in Texas The deal, valued at £575m and awarded by the Texas Department of Transportation, will see a four-kilometre section of the route on the south side of [...]
Nato supplier Chemring reveals £278m boost as geopolitical tensions fuel boom November 4, 2024 Shares in Chemring are up over 26 per cent in the last 12 months and rose nearly two per cent in early trading on Monday.
London Stock Exchange Group beats expectations in ‘particularly strong quarter’ October 24, 2024 The London Stock Exchange Group beat market expectations today as it reported a bump in growth across its divisions in a “particularly strong quarter”. In the three months to the end of September, the owner of London’s stock market recorded gross profits of £1.92bn, up 8.5 per cent on the same period last year and [...]
Morgan Sindall: Profit at construction firm set to surpass expectations October 22, 2024 Profits in the Fit Out division have continued to "strengthen significantly" due to exceptional volumes and will "materially exceed" expectations, it said.
Man Group outflows jump after large client pulls funds October 17, 2024 Man Group was hit by $5.5bn (£4.2bn) in outflows during the three months to September, driven by a single client redeeming its money.
