By JON HOPKINS Updated: 22:10 GMT, 14 November 2024 Pensions were in the spotlight yesterday as Chancellor Rachel Reeves unveiled sweeping plans to create UK retirement megafunds and Aviva published well- received third-quarter results. The FTSE 100-listed company saw its retirement income jump by 67 per cent to £7.3billion in the nine months to September…
By LIVE COMMENTARY Updated: 10:43 GMT, 14 November 2024 The FTSE 100 is down 0.1 per cent in early trading. Among the companies with reports and trading updates today are Burberry, United Utilities, Young’s, Aviva, Premier Foods and WH Smith. Read the Thursday 14 November Business Live blog below. > If you are using our…
By EMILY HAWKINS Updated: 22:02 GMT, 13 November 2024 Boohoo is facing a showdown with Mike Ashley days before Christmas, it was disclosed last night. Ashley, whose Frasers retail empire owns 27 per cent of the struggling fashion site, will seek to install himself as chief executive at an emergency meeting of investors on December…
The FTSE 250 firm’s shares climbed by 14% in early trading on Wednesday Dowlais reported its adjusted revenue shrank by 6.1% year-on-year to £4.2bn By HARRY WISE Updated: 15:56 GMT, 13 November 2024 Dowlais Group shares jumped on Wednesday as the firm upheld its annual outlook despite weaker volumes. The automotive engineering specialist reported its…
Asda remained the industry laggard, with sales down 3.5%, NIQ said By JANE DENTON Updated: 10:48 GMT, 13 November 2024 Grocery sales growth slowed over the last month as shoppers held back spending ahead of Black Friday and Christmas, industry data shows. Market researcher NIQ said supermarket sales increased by 4 per cent in the…
By HUGO DUNCAN Updated: 22:19 GMT, 12 November 2024 Burberry shares fell again yesterday amid uncertainty over its future ahead of a crucial update from the new boss. The luxury brand’s stock slipped 6 per cent, or 46.6p, to 731.4p, leaving it down almost 50 per cent so far this year despite a rally over the…
Vodafone reported its first-half service revenues rose by 1.7% to €15.1bn The group’s adjusted earnings before nasties expanded by 3.8% to €5.4bn By HARRY WISE Updated: 16:11 GMT, 12 November 2024 Vodafone enjoyed better sales and earnings in the first half, but progress was limited by a performance slump in Germany. The telecoms giant reported…
By LIVE COMMENTARY Updated: 08:39 GMT, 12 November 2024 UK wage growth, excluding bonuses, fell in the third quarter to its lowest level in more than two years, fresh data from the Office for National Statistics shows. The ONS also said unemployment in September rose to 4.3 per cent, from 4.1 per cent in the…
By JOHN-PAUL FORD ROJAS Updated: 22:01 GMT, 11 November 2024 Direct Line is cutting 550 jobs as its boss embarks on a £100million cost-saving programme to turn around its fortunes. The cuts, representing 5 per cent of the beleaguered insurance firm’s workforce, were announced as the group revealed that it had lost 71,000 own-brand motor…
By THIS IS MONEY Updated: 15:00 GMT, 11 November 2024 Administrative staff working for Ford in the UK on Monday kicked off a week of ‘targeted industrial action’ as a long-running row over pay and contract changes rumbles on. Unite members at Ford’s Dagenham engine plant will be picketing all week starting at 7am each…
