Headline News
UK water consumers slapped with 21% price hike by Ofwat
Britain’s long-suffering water customers will see bills rise by 21% over the next five years amid a continuing sewage pollution crisis, water regulator Ofwat said on Thursday, adding that it had put Thames Water into special measures over its poor performance.
PepsiCo profits top expectations, revenue misses slightly
PepsiCo has reported a significant increase in its second-quarter profits on Thursday, surpassing Wall Street expectations despite a continuous decline in consumer demand for its snacks and beverages.
L&G's Salary Finance reportedly in merger talks with Oakbrook
A major merger is on the horizon for Salary Finance, a fintech firm partly owned by Legal & General (L&G), and Oakbrook, a tech-enabled lending platform, according to fresh reports on Thursday.
BHP suspending Western Australia nickel operations
BHP announced the suspension of its Nickel West operations and the West Musgrave project in Western Australia on Thursday, starting from October.
Apple and Brussels settle antitrust dispute over 'tap and go'
The European Commission has approved Apple’s plans to open up its contactless payments system to rivals, it was announced on Thursday, drawing a line under a long-running antitrust probe.
FCA unveils biggest overhaul of listing rules in three decades
The financial regulator has shaken up UK listing rules, it was confirmed on Thursday, as it looks to encourage more companies to join the London Stock Exchange.
Apax Global Alpha fund offloads remaining Genius Sports stake
Apax Global Alpha announced on Thursday that the Apax IX Fund, in which it is a limited partner, has sold its remaining shares in Genius Sports, a provider of sports data, content, and technology.
Hays sees FY profit at bottom end of views as Q4 fees drop
Recruiter Hays said on Thursday that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Galliford Try FY profits and revenue to beat analysts’ expectations
Construction group Galliford Try said on Thursday that full-year revenue and profit were set to be above the upper end of current analyst forecasts as "strong momentum" reported at the first half continued into the second.
Wood Group backs full-year outlook despite revenue dip
John Wood Group reiterated its full-year outlook on Thursday, despite a fall in interim revenues.
Pennon upbeat on Ofwat determinations, announces CFO change
Pennon Group shares were in the green on Thursday morning, as the company responded to the draft determinations from Ofwat for the K8 period, covering 2025 to 2030.
Moonpig slumps as investors offload 35m shares in placing
Moonpig slumped on Thursday after a group of investors sold 35m shares in the company in a placing via Citi, JPMorgan and Jefferies, raising proceeds of approximately £61m.
UK economy gathers momentum in May
The UK economy grew by more than expected in May, official data released on Thursday showed.
Frasers Group ups stake in Hugo Boss
Frasers Group has increased its stake in German fashion brand Hugo Boss, the UK retailer confirmed on Thursday.