FTSE 100 engineer Spirax misses expectations amid ‘weak’ macroeconomic backdrop
Spirax Group has missed expectations as the FTSE 100 engineering firm highlighted challenging trading conditions in its key markets.
Savills hails ‘signs of market recovery’ as half-year sales and profit rise
Sales and profit increased at estate agent Savills in the first half of 2024 as both commercial and residential markets begin to show signs of recovery. The FTSE 250-listed firm has reported a five pe
Entain: FTSE 100 giant’s strategy ‘bearing fruit’ as Ladbrokes owner’s loss narrows
It comes ahead of the arrival of new chief Gavin Isaacs, who is set to join Entain in early September, while David will succeed as chair at the end of that month.
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares
Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s junior A
Shawbrook: Underlying profit dips as challenger bank’s margins narrow
Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour
Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (G
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform
Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms start to
Recruiter Page Group’s profit craters as jobs market slowdown continues
Recruitment specialist Page Group's profit has more than halved amid slowdown in hiring among major British employers.
Property law transactions at historic lows but firms ‘must prepare’ for growth
Transactions at property law firms have sharply slid back to pandemic-era lows this year, but firms expect Labour’s housing reforms, as well as falling interest rates, to create an onslaught of case
FCA: Pension schemes to be rated on new traffic light system in bid to boost returns
The plans will see schemes rated publicly on a range of metrics, including investment performance and service quality, rather than just focusing on costs and charges.