Average of 35p in pound goes on interest and shareholder payouts Worst offender among the ten water and sewerage suppliers is Wessex Water News comes after Ofwat’s decision to hit customers with bill increases By PATRICK TOOHER Updated: 22:06 GMT, 21 December 2024 More than a third of water bills is spent servicing debt and…
By JON HOPKINS Updated: 08:20 GMT, 21 December 2024 London’s junior Aim market received a Christmas gift to round off a tough year yesterday with the float of Amcomri. The group focuses on the acquisition and enhancement of specialist engineers and its listing comes after Aim shrank to its smallest size by number of companies…
It was one of Novo Nordisk’s worst days on stock market Shares fell by up to 29% before pharma giant clawed back some of its losses By EMILY HAWKINS Updated: 08:17 GMT, 21 December 2024 Ozempic maker Novo Nordisk saw its value fall by as much as £82billion yesterday after a weight loss drug trial…
By GEOFF HO Updated: 21:50 GMT, 20 December 2024 Credit Suisse collapsed due to ‘years of mismanagement’, according to a damning report from Swiss MPs. The global banking giant, which employed more than 50,000 staff worldwide and more than 5,500 in the UK before its failure in March 2023, was brought down by a bank…
Frasers wanted to appointed Ashley and Mike Lennon to the Boohoo board Boohoo shares have plunged by approximately 90% over the last five years By HARRY WISE Updated: 19:16 GMT, 20 December 2024 Frasers Group’s attempts to put Mike Ashley on the board of struggling online retailer Boohoo have resoundingly failed. Boohoo shareholders rejected two…
By JESSICA CLARK Updated: 22:07 GMT, 19 December 2024 Corporate Britain faces ‘a swarm of takeovers’ next year with a third of AIM companies vulnerable to bids, according to City experts. In a stark warning, investment bank Peel Hunt forecast a ‘major and sustained’ wave of offers for London-listed firms in the new year. And it…
Serco said it had seen a ‘much improved’ order intake during the second half Its sales have been aided by defence, justice and citizen services contracts By HARRY WISE Updated: 13:57 GMT, 19 December 2024 Outsourcing giant Serco expects its pipeline of new business opportunities to close 2024 at its strongest level for more than a…
By LIVE COMMENTARY Updated: 08:22 GMT, 19 December 2024 The Bank of England will later today reveal its Monetary Policy Committee’s decision on the direction of interest rates. Base rate is expected to be held at its current level of 4.75 per cent, amid fears of an inflationary resurgence. The FTSE 100 is down 1.2…
Kingfisher expects to complete the sale in the first half of the next fiscal year The B&Q owner’s Romanian operations have struggled to become profitable By HARRY WISE Updated: 15:56 GMT, 18 December 2024 Kingfisher has agreed to offload its loss-making business in Romania to a local electronics retailer. Screwfix’s parent company revealed plans to…
By EMILY HAWKINS and JOHN-PAUL FORD ROJAS Updated: 22:21 GMT, 17 December 2024 Rachel Reeves is under mounting pressure to reform business rates as figures show 225,000 High Street jobs have been lost over the past five years. The number employed in retail has fallen from 3.1m to less than 2.9m since 2019, according to…
