John Lyttle is set to step down of the struggling group’s chief executive Frasers slams mismanagement and a failures to ‘meaningfully engage’ Boohoo says it is talking to advisers and assessing its options By Mike Sheen Updated: 12:36 BST, 24 October 2024 Frasers Group has demanded a shareholder vote on appointing its founder Mike Ashely…
Mining companies paid out £2.6bn less in dividends during the third quarter Glencore, Antofagasta and Anglo American all reduced dividend payouts By Harry Wise Updated: 00:01 BST, 24 October 2024 UK corporate dividends slumped in the third quarter of 2024 as the traditionally generous mining sector slashed payouts. Headline dividends fell by 8.1 per cent…
Gisele Pelicot was cheered by crowds including her former drama teacher as she left the courthouse today after confronting the Monster of Avignon for letting strangers into their bedroom to rape her. The 71-year-old asked her husband how he could have betrayed her and told the court she feared he was ‘acting out of revenge’ for…
Addison Lee underwent a restructuring in efforts to survive the pandemic By Mike Sheen Updated: 16:18 BST, 23 October 2024 Iconic London taxi group Addison Lee will be sold to a Singapore-based multinational for £269.1million. ComfortDelGro said on Wednesday it would buy the premium private hire, courier and black taxi provider, with its CityFleet Networks…
By Mike Sheen Updated: 13:36 BST, 23 October 2024 Reckitt saw sales surpass expectations in the third quarter as the consumer giant was boosted by healthcare brands, including Durex condoms and Nurofen. Sales slipped 0.5 per cent year-on-year to £3.46billion on a like-for-like basis over the period, bringing 2024 revenue growth so far to 0.4…
These are good times for stock markets on both sides of the Atlantic, but the US is way out in front. In the UK, the FTSE 100 index of leading shares has been trading close to its record high and is up nearly 8 per cent so far this year. Across the pond, the gains are…
World leaders descended on the Russian city of Kazan today for a summit of BRICS – a major diplomatic event that Vladimir Putin hopes will be a milestone in his effort to erode the political and economic dominance of his Western foes. The summit running from October 22-24 will be the biggest held in Russia…
By Hugo Duncan Updated: 22:36 BST, 22 October 2024 Shares in British energy services firm Hunting crashed to a seven-month low as it warned the decline in oil and natural gas prices will hit profits. The FTSE 250 group, which makes equipment for the energy industry as well as aerospace and defence, said ‘the recent…
By Live Commentary Updated: 17:14 BST, 22 October 2024 The FTSE 100 closed down 11.70 points at 8306.54. UK government borrowing hit £16.6billion last month, well ahead of Office for Budget Responsibility projections of £15.1billion and marking the third highest borrowing figures for September on record. However, the reading was below City forecasts of £17.5billion…
The United States government is investigating the leak of a pair of highly classified documents describing Israel’s preparations for a retaliatory strike on Iran. Israel has been plotting a response after Iran launched almost 200 ballistic missiles on October 1, its second direct attack in six months. The unprecedented wave of missiles came in retaliation to…
