News And Announcements
Arbuthnot hikes dividend despite fall in earnings
Arbuthnot Banking Group reported a profit before tax of £35. 1m for 2024 on Thursday, down from £47. 1m in the prior year, despite maintaining broadly stable operating income at £179. 5m.
LondonMetric agrees acquisition of Highcroft Investments
LondonMetric Property has agreed to acquire Highcroft Investments in a recommended all-share deal, it announced on Thursday, that values the UK real estate investment trust at £43. 8m.
Fintel appoints Tom Hegarty as new Simplybiz CEO
Fintel has announced the appointment of Tom Hegarty as the new chief executive officer of its Simplybiz division on Thursday, effective 1 April.
AJ Bell to sell Platinum SIPP and SSAS business to InvestAcc for £25m
AJ Bell said on Thursday that it has agreed to sell its Platinum SIPP and SSAS business - AJ Bell Platinum - to InvestAcc for up to £25m.
Next lifts sales guidance despite cautious outlook
Retail giant Next boosted its sales outlook on Thursday following a strong start to the year, but warned that consumer confidence was set to deteriorate as the year progressed.
Former Mobico CEO Phil White returns as chair
Transport operator Mobico has appointed Phil White as chair with effect from 1 May 2025, replacing Helen Weir.
Sage CFO Jonathan Howell to step down, replaced by Jacqui Cartin
Sage Group said chief financial officer Jonathan Howell would step down at the end of the year to focus on non-executive work and be replaced by Jacqui Cartin, currently financial controller at EVP Group.
Drax signs JV deal to process byproduct for building industry
Drax said it has agreed a 20-year joint venture agreement with Power Minerals to build a facility to process pulverised fuel ash into material which can be sold to the construction industry and used in the production of cement with a lower carbon footprint.