Headline News
US composite PMI shows robust expansion for November
The US economy showed signs of robust expansion in November, with S&P Global's composite purchasing managers’ index (PMI) reaching a 31-month high of 55. 3, up from October's 54. 1.
CMA says Apple's browser policies hinder innovation
The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple’s policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Unilever to separate ice cream business by end 2025
Consumer goods giant and Ben & Jerry’s parent Unilever said on Friday that it remains on track to deliver its €800m productivity programme and to separate its ice cream business by the end of next year.
Gatwick Airport terminal evacuated amid 'security incident'
A large part of Gatwick Airport's South Terminal was evacuated on Friday morning due to a “security incident”.
Gensler confirms departure as SEC chief next January
US financial regulator chief Gary Gensler on Friday said he would stand down when president-elect Donald Trump is inaugurated in January.
UK business output contracts in November
UK business output contracted in November for the first time in more than a year, according to a survey released on Friday.
Workspace hikes dividend after first-half growth
Workspace Group reported a 4. 3% increase in underlying net rental income to £60. 2 for its first half on Friday, driven by strong customer demand and portfolio management.
UK retail sales fall more than expected
UK retail sales fell more than expected in October amid uncertainty ahead of the Budget, according to figures released on Friday by the Office for National Statistics.
UK consumer confidence lifts post Budget - GfK
Consumer confidence jumped in November, a long-running survey showed on Friday, after uncertainty seen in the run-up to the Budget eased.
Adani shares plummet on US bribery charges
Shares in Adani companies plunged on Thursday, after US prosecutors indicted billionaire founder Gautam Adani, one of the world’s richest men.
Resolute Mining CEO, execs freed by Mali government
Resolute Mining said chief executive Terence Holohan and two other executives have been released by authorities in Mali after reaching a deal to pay the government $160m over a tax dispute.
Novartis boosts mid-term sales guidance
Novartis boosted its mid-term guidance on Thursday, on the back of upcoming drug launches and "strong" growth momentum across existing products.
Factory owners upbeat despite output slide
British manufacturers expect conditions to improve in the coming months, a long-running survey showed on Thursday, despite seeing a slide in output in November.
JD Sports slumps on warning profit will be at lower end of range
Shares in JD Sports Fashion slumped by 15% on Thursday as the retailer warned full-year profits would be at the lower end of forecasts after a “volatile” trading environment in October due to discounting, milder weather and consumer caution ahead of the US election.
Watchdog mulls giving car finance firms until late 2025 to handle complaints
The financial watchdog is considering giving firms up until the end of 2025 to handle car finance complaints, it confirmed on Thursday.
Nine water firms banned from using customer bills to fund bonuses
Nine water companies have been banned from using customer money to fund "undeserved" bonuses for bosses, the regulator announced on Thursday.
Liontrust to cut jobs as profits fall
Liontrust Asset Management said on Thursday that it was planning to cut around 25 jobs in a bid to save costs, as it reported a drop in first-half profits but struck an upbeat note on the outlook.
XPS Pensions confident after first-half growth
XPS Pensions Group reported a robust first-half performance on Thursday, with group revenue rising 23% year-on-year to £113. 4m.
PayPoint shares slide despite first-half growth
Shares in PayPoint were sliding on Thursday morning, even after it reported a 20. 6% improvement in first-half underlying EBITDA to £37. 5m on the back of continued operational momentum across its divisions.
Breedon Group upbeat on resilient trading performance
Breedon Group reported a resilient trading performance for the 10 months ended 31 October on Thursday, driven by robust pricing and operational excellence, despite a challenging construction market in Great Britain.