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Standard Chartered shares jump as bank unveils profit, dividend hike and overhaul
Shares in Standard Chartered surged over four per cent on Friday morning following the release of its full-year results. The multinational bank announced a revamp of executive pay after missing analysts’ profit predictions for the final quarter. Pre-tax profit dropped 30 per cent to $800m (£631m) for the fourth quarter, falling short of the estimated …
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Centrica shares surge after owner of British Gas beats earnings estimates
Centrica’s shares surged nearly 10 per cent in early trading today after the British Gas owner surpassed earnings estimates and increased its dividend. The FTSE 100 energy company reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of £2.3bn for the year ending 31 December, as reported by City AM. Although this was a decrease …
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UK inflation rate hits 3% in January, sparking concerns at the Bank of England
The latest official statistics signal a sharper than anticipated uptick in inflation at the commencement of the year, as worries over sustained price pressures mount. The headline inflation figure rose to 3.0 per cent in January, reported the Office for National Statistics (ONS), climbing from December’s 2.5 per cent and surpassing the 2.8 per cent …
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Ann Summers reports £13.1m loss amid inflation and Google search challenges
Ann Summers has reported a deeper pre-tax loss of £13.1m for the year ending 29 June, 2024, as it faced “significant external pressures” that include the cost-of-living crisis, rising inflation, and Google’s safe search restrictions. This comes after a previous loss of £3.8m in the preceding 12 months, as reported by City AM. According to …
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FTSE 250 firm Assura turns down fourth takeover offer amid strategic growth plans
Assura, the FTSE 250 healthcare real estate investment trust, has turned down a takeover bid worth over £1.5m – marking the fourth such rejection in the past six months. The Altrincham-based firm made headlines last week when it was revealed that private equity giant KKR and a major universities pension scheme had approached it, as …
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Tyneside door maker Virtuoso collapsed with debts of more than £40m
Manufacturer Virtuoso Doors, which closed suddenly prior to Christmas sparking 100 job losses, ceased trading with a deficit of more than £40m, new documents show. The Gateshead-based firm, which specialised in production of composite doors, had been part of the Custommade Group until administrators were called in, in the days leading up to Christmas and …
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‘Real Housewife’ and fintech founder ditches UK – and she’s taking her castle with her
The owner of a £6m castle in Kent has revealed that plans for a credit fintech, which would have employed numerous UK workers, were scrapped due to the changes in non-dom status introduced by Chancellor Rachel Reeves, whom she dubbed “Reckless Reeves”. Ann Kaplan Mulholland, a reality TV personality and entrepreneur, has held non-dom status …
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Bristol opticians relocates after nearly 30 years in old city
An independent Bristol opticians has relocated to new premises after nearly 30 years in the old city centre. Bramley Pope opened on St Stephens Street in 1997, catering for people working in central Bristol or in nearby offices. The company was established by Philippa Bramley and her friend Roger Pope, whose London-based optician was granted …
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Commuters say their area is ‘overlooked and disregarded’ by station rebuild plans
Commuters travelling from Southport to Manchester have raised concerns that the proposed expansion of Manchester’s Oxford Road station could leave their area “a desert”. According to campaigners, the Southport line has been “overlooked and disregarded” in Network Rail’s development plans. The ongoing consultation for the station’s remodelling includes reducing platform numbers from four to three …
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Ex-RBS chief Ross McEwan lands top job at mining giant BHP
Mining conglomerate BHP has confirmed the appointment of ex-RBS chief Ross McEwan as chairman, succeeding Ken Mackenzie who is set to retire at the end of March. As reported by Reuters, McEwan will be responsible for selecting the mining behemoth’s next CEO and may revisit plans to acquire rival mining company Anglo American, following a …
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AIM-listed firms accused of having ‘head in the sand’ as number of women in top roles stalls
AIM-listed companies have been criticised for their lack of action in promoting gender diversity on their boards, as new research reveals a stagnation in female representation. The annual gender diversity report from Addidat and Indigo Independent Governance shows that the proportion of women holding directorships in AIM companies has remained at one in six over …
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Builders’ merchant MKM Supplies expands with new branch at Central Park in Bridgend
Central Park in Bridgend has been boosted with another key letting. Independent builders’ merchant MKM Supplies has opened a new 20,000 sq ft branch at the Robert Hitchins developed park under a 25-year leasing agreement. The 355,000 sq ft park provides a mixture of trade and industrial warehousing properties ranging from 2,500 sq ft to …

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