Latest News
Co-operative Bank interim profits drop
The Co-operative Bank posted a drop in interim profits on Friday ahead of its planned merger with Coventry Building Society.
Law Debenture delivers 'solid' overall first-half performance
Law Debenture Corporation reported a robust first-half performance in both its investment and independent professional services (IPS) business on Friday.
Taylor Maritime reports solid quarterly NAV return
Taylor Maritime Investments reported an unaudited net asset value of $1. 52 per share as of 30 June in its quarterly update on Friday, up from $1. 48 at the end of March, representing a total return of 4. 3% for the quarter.
Drivers pay £1.6bn too much in weak petrol market - CMA
The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1. 6bn more than they should have in 2023.
GCP Infrastructure reports slight decrease in NAV per share
GCP Infrastructure Investments said in an update on Friday that its unaudited net asset value per share was 107. 58p as at 30 June, a slight decrease from 107. 62p at the end of March.
RBC Capital downgrades Lloyds after shares hit price target
RBC Capital Markets downgraded Lloyds Banking Group on Friday to ‘sector perform’ from ‘outperform’ after the shares hit its 60p price target.
National Grid sells final 20pc interest in National Gas
National Grid announced the sale of its final 20% equity interest in National Gas to its current majority owners on Friday, consisting of a consortium of long-term infrastructure investors led by Macquarie Asset Management.
Asia report: Most markets rise, Tokyo core inflation unchanged
Asia-Pacific markets mostly rebounded on Friday, recovering from Thursday's sell-off, which had pushed some regional indexes to their lowest levels in months.
Record reports 'solid start' to financial year
Specialist currency and asset manager Record reported an increase in assets under management for its first quarter on Friday.
Keywords Studios confident of delivering ‘good’ revenue growth in 2024
Keywords Studios said on Friday that it remains confident in delivering "good" overall revenue growth in 2024, with the performance expected to be weighted to the second half.
Segro reports continued rental growth in its first half
Segro reported a strong financial performance and continued rental growth in its half-year results on Friday.
DiscoverIE sales down in Q1
Electronic components manufacturer DiscovierIE said on Friday that Q1 trading was in line with guidance and that FY underlying earnings expectations remained unchanged.
FirstGroup trading as expected as chairman steps down
FirstGroup said in an update on Friday that its trading in the financial year-to-date remained in line with the expectations set out in its full-year results in June, as it also announced the retirement of chairman David Martin.
Computacenter H1 profits to drop; £200m share buyback announced
Computacenter said on Friday that it was expecting to report a drop in first-half profit due to the delay of the fulfilment of some orders in North America, as it announced a £200m share buyback programme.
Petershill Partners aggregate partner-firm AuM grows in H1
Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
Drax posts jump in 1H profits
Drax Group posted a big jump in interim profits, alongside lower debt and higher dividends.
NatWest Group posts drop in 1H profits, Chancellor mulls share sale
NatWest Group posted a decline in interim profits as net interest margins fell and costs rose, but raised its full-year income guidance.
Supermarket Income REIT completes £170m refinancing
Real estate investment trust Supermarket Income has completed a £170. 0m refinancing through its first private placement debt issuance and a new unsecured bank facility.
Europe open: Stocks start the day on a mixed footing
European stocks were trading mixed in the early part of the session as investors waited on key US inflation data due out later in the day.
IMI reports robust growth in first half
IMI reported continued strategic progress and a robust financial performance in its first half on Friday, with growth in organic revenue and profits.