Shell is set to buy back shares worth $3.5bn in the coming quarter, after its first-quarter profits were higher than expected at almost $8bn. The company said it would pay out multi-billion dollar payouts to investors as it prepared for a shareholder fight over its climate agenda during its annual general meeting at the end […]

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The government will announce Friday that fossil fuel companies can now explore for oil or gas beneath offshore wind power sites. Campaigners say this is a further sign that ministers have abandoned the climate agenda. The North Sea Transition Authority, which regulates North Sea gas and oil production, will confirm it has granted licences to […]

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Gazprom, the Russian energy giant, has suffered its worst loss in more than 25 years after gas sales have been cut in half as a result of Vladimir Putin’s Ukraine war. The Russian president’s invasion in Ukraine, which has caused the natural gas monopoly to suffer, is evident in the loss of Rbs629bn (6.9bn), in […]

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Adele, Drake, and other world-famous music stars will return to TikTok following a resolution of a bitter dispute that had existed between their music companies and the social media application. TikTok was forced to remove all songs by Universal Music Group artists after bitter talks broke down between the two companies in February. UMG claimed […]

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Shell reported better than expected profits for the first quarter of the year. The company benefited from an improved performance in oil trading, and a rebound in the refining margins. The largest oil and gas company in Europe reported earnings adjusted to $7.7billion during the first quarter of this year. This is down from the […]

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AP Moller Maersk has seen profits plummet as the shipping industry calculates the costs of disruption caused by Houthi incursions into the Red Sea. The world’s largest shipper said the expected losses would be lower than originally estimated as the global supply chains grew accustomed to higher shipping rates and longer travel times due to […]

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The Baltimore Bridge collapse has caused two of the largest players on the Lloyd’s of London Insurance market to announce that they will be affected. Hiscox informed investors that the company expected to incur a “moderate loss” from the catastrophe. Lancashire, another insurer, admitted that it was “somewhat exposed” to the disaster, but said the […]

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The Guardian has announced a programme of redundancies as it struggles with a sharp decline in advertising. Katharine Viner sent an email on Thursday to the staff outlining plans to make a “small amount of voluntary redundancies”, as they seek to reduce costs. The note said that “the advertising recession and the challenging market conditions […]

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London’s stock market, which has been in turmoil for years, is about to get a boost from a City Property Trust that will list a £500m trust. Special Opportunities REIT is a newly-established real estate investment trust that will likely be listed in London by June. Investors should receive the prospectus within the next few […]

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The Royal Family’s bank is planning to invest abroad in order to achieve the best returns. King’s Bank is the latest to hit the London Stock Exchange with a hammer. Coutts, the bank that serves the Royal Family and operates an ATM at Buckingham Palace has announced its plans to invest abroad and move away […]

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Coffee chain blames “more demanding” customers for sudden drop in sales Starbucks shares dropped by over 16pc after a sudden drop in sales caused a sell-off. The trading update revealed that the earnings of the coffee chain had fallen by as customers avoided more expensive coffee. Starbucks sales fell in March for the first three […]

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Wickes Group maintained its annual guidance in spite of a sharp drop in quarterly sales, as consumers shied away from purchasing more expensive products and services such as bespoke cabinets. Home improvement retailer, said that like-for-likes sales were down 4.2% compared to the same period last year in a consumer environment it called “challenging”. Sales […]

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Amazon has reported an increase in profits for the first quarter of this year. Advertising and cloud computing are to thank for this. The net income of the company increased from $3.4 billion to $10.4 billion. Sales rose 13% to $142.4 billion. Amazon Web Services, its cloud division, and the largest cloud service unit in […]

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Aston Martin Lagonda’s first-quarter sales have been slow, but the group says that four new models or refreshed versions released this year will allow it to achieve revenue and profit goals over the next two decades. London’s sole listed carmaker reported that dealer deliveries fell by 26 percent to 945 units in the first quarter […]

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The sharpest fall in house prices since last summer occurred in April, as the recent rise in mortgage rates dampened demand. Nationwide, a high-street lender, reported that prices fell by 0.4% last month. This was the second consecutive monthly decline and the biggest Nationwide had recorded since August 2023. The prices are only 0.6 percent […]

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Although the UK manufacturing sector contracted slower than expected in January, economists warn that output remains constrained by consumer confidence. The final S&P Global and Chartered Institute of Procurement and Supply buying managers’ index (PMI), which is a composite of the S&P Global and Chartered Institute of Procurement and Supply, fell from 50.3 to 49.1 […]

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Next, once again, has defied UK high-street downturn and delivered better-than expected sales growth in the first three months. The fashion and homewares retailer shrugged off spring’s wet weather to post a 5.7% increase in full-priced sales for the thirteen weeks ending April 27. This was ahead of the 5 percent growth it had predicted. […]

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Councils have increased borrowing to offset funding cuts from Westminster. This has led to warnings about further council bankruptcy. The research shared before the local elections in the country on Thursday showed the pressures that councils face amid rising interest rates and budget cuts by the central government, as well as the growing demand for […]

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Mulberry’s boss has warned there is no end to the global downturn in luxury after Mulberry posted another drop in sales. Thierry Andretta is the chief executive officer of the luxury handbag maker, whose investors include Mike Ashley’s Frasers Group. He said that the UK and China trading environments “remain challenging” and they do not […]

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GSK’s full-year profits forecasts have been boosted by strong sales of an asthma medicine as well as a blockbuster vaccine for shingles. The FTSE 100 Pharmaceuticals Company posted sales of £7.4billion in the first quarter. This is up 10% or 13% excluding Covid medicine. Sales of vaccines rose by 16 percent. Shingrix, GSK’s shingles vaccination, […]

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Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries. The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of failing to consider the impact that the scrapping of the scheme would have on UK hotels, […]

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Tuesday marks the beginning of the physical inspection of animal and plant imports from the EU after more than three-year delays. Importers have warned trade associations that the new bureaucracy may result in significant costs for importers. This could lead to higher prices on store shelves. What are these new checks and what will their […]

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The Conservative Party’s flagship policy of ‘leveling up’ regional economies in the UK takes two forms on the island of Anglesey. First, a £22.5mn program to make cosmetic improvements in the crumbling fabric that is Holyhead. Local government leaders are hoping that a new freeport will restore Anglesey’s fortunes following two decades of factory closings, […]

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Last year, two Societe Generale Hong Kong traders left the group after the French bank found unauthorised derivatives trading that could have cost it money during a severe downturn in the market. confirmed Tuesday that its compliance systems had caught an “incident”, which occurred in 2023. A person with knowledge of the details stated that […]

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Official figures show that UK mortgage approvals reached their highest level in 18 months in the month of March. This suggests that the property market continues to recover, despite recent increases in quoted rates. The Bank of England announced on Tuesday that net mortgage approvals increased to 61.300 in March from 60.500 in February. While […]

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Grosvenor is the property company of the Duke of Westminster. It has made a large bet on flexible workplaces in order to meet West End tenants’ post-Covid needs and increase returns. The group plans to double the size of its flexible offices to 300,000 square feet, or about a fifth its UK office portfolio. Mark […]

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Apple has hired dozens of Google artificial intelligence experts and created a secret European laboratory in Zurich. The tech giant is building a team that will compete with rivals to develop new AI models and product. A recent analysis of LinkedIn profiles, public job listings and research papers revealed that the $2.7tn firm has been […]

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Frasers Group bought out parts of MatchesFashion from administration. The deal did not include the stock worth £80 million or the remaining 250 employees. The Sports Direct founder Mike Ashley’s retail group, controlled by Ashley, 59 years old, has announced that it purchased the intellectual property and brand rights of the failed luxury retailer, for […]

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Premier Inn’s owner has announced plans to convert underperforming restaurants into hotel rooms. This will result in the loss of approximately 1,500 jobs. Whitbread, the company that runs pub-restaurants such as the Beefeater and Brewers Fayre, will convert 112 of its lower-returning properties into new hotel rooms. It will also sell 126 other sites, creating […]

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BHP, a mining company, has stated that it is hoping to receive a settlement of $25.7bn, or £20bn, for the Samarco disaster of 2015, which saw the collapse of the dam leave at least 19 dead and 700 homeless, and spread unprecedented pollution throughout the rivers and landscape in Brazil. BHP announced that it had […]

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The United Arab Emirates-backed group that proposed a £600m acquisition of the Telegraph Group is walking away, after it claimed new legislation made the acquisition “no more feasible”, which triggered a new auction of the paper group. RedBird IMI, a partnership supported by Sheikh Mansour Bin Zayed al-Nahyan – the UAE vice-president – and US […]

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UK ministers announced plans on Monday to reform the benefits received by millions of people who have long-term health problems and disabilities. The move is part of an effort to reduce the spiraling welfare bill of the government. Mel Stride, the work and pensions minister, said that it was time to have “an adult conversation” […]

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A new reactor design may help commercialize super-fuel A task force created by the King may have brought nuclear fusion one step closer with a new design of a reactor that looks like a doughnut twisted. The stellarator reactor offers new methods of controlling white-hot plasmas produced by nuclear fusion. Fusion plasmas can be so […]

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ExxonMobil oil traders in Brussels who refuse to move to London because of low pay are at risk of losing their jobs. Unions warn that staff at the multinational company are hesitant to move to London due to their dissatisfaction over “uncompetitive pay” and “lack flexibility”. A survey conducted by the company revealed that most […]

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The Body Shop was purchased by a private equity firm for just £3.5m before the collapse of . Aurelius is believed to have only paid a small amount of money to Natura, the former owners of The Body Shop, despite having agreed to a £207m purchase in November. The shortfall at Natura is primarily due […]

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According to new estimates, potholes in British roads cost more than £14billion a year, including repair costs, accidents and delays, as well as higher emissions. The Centre for Economics and Business Research, in one of its first attempts to quantify the cost of road damage on the UK economy, estimated that more than a million […]

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Shell’s oil trading activities in the United States generate about $1 billion per year, according to court documents that provide a rare glimpse into Shell’s secrecy trading division. A former Shell employee revealed the figure in court documents in Texas as part of a dispute over employment involving one of Shell’s former trading managers. John […]

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Petrofac is under increasing pressure after it announced that it would miss the next bond payment, and delayed its release of annual results. The shares of the oilfield service group, which has been struggling with cashflow, plunged sharply. They closed down 34.1%, or 7 1/2p at a new record low price of 14 3/4p after […]

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Supermarket Income Reit has made its first overseas foray after agreeing to purchase a portfolio Carrefour supermarkets located in France. In a sale and leaseback, the real estate investment trust acquired 17 “strongly performing omnichannel” grocery stores for €75.3 million. This represents a net yield of 6.3%. The stores are “long-established and successful” and occupy […]

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Philips has settled lawsuits in the United States over night-time breathing device recalls for $1.1 billion. The Dutch medical technology company stated that the resolution will end the uncertainty caused by personal injury claims, which has been a cloud over the company’s share price and the company for the past three years. It didn’t admit […]

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OpenAI, a Microsoft-backed company, has signed a deal to give its ChatGPT artificially intelligent program access to the Financial Times’ archived content. The details of this tie-up, which is described as a “strategic licensing and partnership agreement”, were not disclosed. However, it was revealed that the FT would receive an unspecified sum in return for […]

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Barclay’s Gulf-based supporters are plotting to sell the Very Group, which is the last pillar in their corporate empire. The Abu Dhabi investment company that tried unsuccessfully to buy Barclays media assets last summer is now planning to auction the retailer to pay off a refinancing debt of £1.2 billion owed by the family. The […]

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First time, union leaders have agreed to accept the end of six-day letter delivery a week. This will allow Royal Mail to make historic postal service cuts. Royal Mail has faced a number of obstacles in reducing the daily losses it incurs due to its delivery service. One of these was the Communication Workers Union, […]

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Whitehall officials are concerned that the financial collapse of Thames Water could lead to a spike in borrowing costs for the government, not seen since Liz Truss’ mini-budget chaos. They are so concerned about the wider impact of borrowing costs on the UK, including utilities and infrastructure that they think Thames should be nationalised before […]

The post Whitehall officials are concerned that the collapse of Thames Water could lead to a Truss-style lending crisis. appeared first on Stockmark.IT.

General Catalyst, one of Silicon Valley’s largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract investors despite a recent fundraising drought. Multiple sources with knowledge of the matter claim that the 24-year-old firm, which was an early investor in Stripe, […]

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Turkey has been in negotiations with US energy giant ExxonMobil about a multi-billion dollar deal to purchase liquefied gas, as Ankara tries to reduce its dependency on Russian energy. In an interview, Alparslan Bayraktar, the Turkish energy minister, said that Turkey, which imports almost all its natural gas needs to create a new supply portfolio, […]

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Three people with knowledge of the situation say that Paramount is planning to fire its chief executive Bob Bakish. This will add to the uncertainty in the Hollywood group, controlled by Shari, as it continues to hold merger talks with Skydance Media, and prepares to make another bid. People familiar with the matter say that […]

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Baltic Ministers warn that GPS jamming, attributed to Russia, could cause an air disaster. The interference with navigational signals forced two Finnish planes to turn back mid-flight after the interference. Separately, the foreign ministers from Estonia, Latvia, and Lithuania warned at the weekend about the increasing dangers of GPS jamming in the Baltic Sea Region. […]

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Elon Musk unexpectedly visited Beijing on Sunday, where he met China’s second-ranking leader, Premier Li Qiang. Tesla is struggling with falling sales and data security issues in the world’s largest car market. Musk arrived in Beijing on Sunday and met li. The electric vehicle maker’s CEO was looking to refocus Tesla on artificial-intelligence with a […]

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Grocers are following in Amazon’s footsteps in their pursuit of the retail ‘holy-grail’ Spotify users are known to flood social media in the last weeks of the year with their favorite songs, artists, and genres. Spotify Wrapped is a marketing tool that allows users to boast about their listening habits, or lament the fact that […]

The post How shoppers at supermarkets became part of the £2bn Gold Rush appeared first on Stockmark.IT.

Official forecasts indicate that Britain will continue to pay a record £30bn a year in benefits to those who don’t have to work, even after Rishi Sundera’s welfare reform. By the end of this decade, the amount of disability benefits paid out to people that do not need to find employment will rise from approximately […]

The post Forecasts show that Sunak’s crackdown on worklessness will not reduce the benefits bill appeared first on Stockmark.IT.

MPs are questioning the UK’s preparedness for border controls after Brexit, due to be introduced next week. They argue that any scaling back in its plans would represent a six-month delay of their long-awaited implementation. After it was revealed that physical inspections of plant and food products may be drastically reduced due to concerns about […]

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Meta shares fell 15% on Wall Street when it opened on Thursday. This wiped out $190bn from the parent company of Facebook and Instagram. Investors reacted after a promise to increase spending for artificial intelligence. Mark Zuckerberg (founder and CEO of Meta) said in a Wednesday conference call that the company’s spending on AI technology […]

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The World Bank said that a serious increase in tensions in the Middle East could push the oil price to $100 (£80) per barrel, and reverse the recent decline in global inflation. The Washington-based organization said that the recent drop in commodity prices was levelling off before the recent missile attacks by Iran and Israel, […]

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Tata Steel rejected a union plan to keep a blast-furnace open at the Port Talbot Steelworks. This ended any hope of avoiding up to 2,800 job cuts. On Thursday, unions in London met with the company to plead with them not to proceed with their proposals that will end the ability to produce steel from […]

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BHP proposed to buy rival Anglo American for £31bn, a deal that sparked a backlash by the South African Government and major shareholders. BHP, an Australian company, announced on Thursday it would acquire Anglo in a stock-for-stock deal. This will make BHP the largest copper producer in the world. Copper is a critical metal for […]

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Emmanuel Macron warned that the EU faces a “mortal threat” from the economic decline, the rise of illiberalism, and the return to war due to Russia’s full scale invasion of Ukraine. In a address delivered at the Sorbonne University, on Thursday, French President Francois Hollande painted a sometimes dark picture of the challenges that Europe […]

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Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal. The developer and manager for the London Docklands estate, owned by Brookfield and Qatar Investment Authority, reported on Thursday a 14.7% annual decline in the value its property holdings. This will amount to £6.8bn (£6.6bn) in 2023. […]

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Microsoft’s cloud services sales surpassed analysts’ expectations, as the demand for this high-profile technology is challenging the company’s ability to keep up. The Seattle-based company, which is a bellwether of the rapidly growing AI industry that generates new products, reported Thursday revenue and earnings above analyst expectations for the three months ending March 31. It […]

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Alphabet announced a 15 percent increase in revenue for its first quarter. It also announced its first ever dividend of 20 cents per share, along with a $70 billion stock buyback. This was boosted by an increase in earnings across all its business lines. Google’s parent, Alphabet, reported a revenue increase of $80.5bn over $69.8bn […]

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The British car industry saw its production fall by over a quarter in the last month, as production lines were retooled for electric vehicles. According to the Society of Motor Manufacturers and Traders’ (SMMT) figures, the number of vehicles built has fallen to 59 467. This is a 27pc drop compared to a previous year. […]

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The losses at British supercar manufacturer McLaren have more than doubled in 2023 to a record £873m due to production delays and a decline in sales. The GT manufacturer’s losses rose by 160pc, and its revenues dropped from £627.8m down to £465.9m in 2023. McLaren’s decision not to sell two popular models in China was […]

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Perrier has been asked by the French government to stop using one well “as an extra precaution”. Perrier was ordered to destroy 2 million bottles of water following the discovery of bacteria “of faecal source” in one of their wells located in Gard in south France. Nestle claims that “several hundred pallets worth” of bottles […]

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Hipgnosis Songs Fund is at the center of a bidding war after Apollo-backed US Investment Group Concord beat a rival bid from Blackstone, raising their own offer to $1.5bn. Blackstone over the weekend presented a proposal to its board of directors to purchase the music rights group at $1.24 in cash per share to try […]

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According to a recent analysis, the valuation of some of London’s biggest listed companies could double if they moved to New York. This highlights the benefits for companies who are considering moving their listings from the UK. AJ Bell’s funds platform found that Shell, Diageo, and British American Tobacco would see their market cap increase […]

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Many job candidates have been thrown by the nerves when an employer asks a question that they didn’t expect. The John Lewis Partnership has taken steps to ensure that it does not miss out on any excellent employees because they are unable to perform well in formal interviews. Instead of bombarding candidates with “gotcha” type […]

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Jeremy Clarkson’s Diddly Squat Farm Shop in the Cotswolds is a magnet for Jeremy Clarkson enthusiasts who line up the parking lot each week to buy the products inside. Customers can now order online and in some Amazon Fresh shops throughout the UK, and avoid the long queues. Previously, customers could only buy products from […]

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Reckitt-Benckiser reported better-than-expected volumes and sales, while reassurances regarding litigation affecting its premature baby formula in the United States also helped to lift the shares of one of the largest consumer goods companies in the world. The group’s sales grew by 1.5% in the first three months, compared to the City forecast of a drop […]

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In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group. The pre-tax profit at Britain’s largest domestic lender fell by 28 percent to £1.63bn compared to a year ago, the clearest indication yet that the bank industry is losing the benefit of […]

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Michael O’Leary, the chief executive of Ryanair, has stated that if it cannot hire foreign air stewards then they will have to cancel a planned expansion in UK flights. Mr O’Leary warned British workers that they no longer wanted to be cabin crew and attacked the “insane rules” that were imposed after Brexit that prevent […]

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Coffee chain shakes up its top team after feeling the heat of its customers Pret a Manger’s new chairman has vowed that the company will reduce its debt. This comes amid a shakeup in the boardroom, which has seen its founder return to “reaffirming” its values. Konrad Meyer who became chairman of Pret last week […]

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City analysts warn that Burberry faces a takeover after it lost a fifth of its worth since the beginning of the year. A profit warning by Burberry’s Paris-listed competitor Kering which owns Gucci triggered a fall in the shares of the British fashion brand on Wednesday. Burberry’s shares fell by 2.5pc, meaning that the company […]

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Elon Musk’s SpaceX agreed to purchase a 10% stake in an electronics company founded 47 years ago in the garage of a professor. Filtronic, a County Durham-based company, saw its shares rise by more than 50% after it announced a “strategic deal” with SpaceX. Filtonic’s relationship with SpaceX is deepening, since the UK-based company provides […]

The post Elon Musk’s SpaceX invested in a British engineering company that was started in a professor’s garage appeared first on Stockmark.IT.

In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn, could pose a threat to the financial system as a whole. Rebecca Jackson, BoE regulator, said Tuesday that banks should stress-test their exposure regularly but […]

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Retailer completes largest acquisition to date by purchasing Alabama-based chain JD Sports has reversed the trend where UK companies are falling victim to American buyers. They have struck a $1.1bn deal (£900m), to buy a US sportswear retailer. The trainers’ group has acquired the Alabama-based Hibbetts chain, which sells basketball shoes by Nike and Adidas […]

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Thames Water plans to pay out £2bn as dividends over the next 10 years despite fears of the company’s demise. In a revised plan of business submitted to the regulator Ofwat by the bosses, they said that they planned to continue rewarding shareholders despite financial pressures pushing it towards bankruptcy. Thames Water has buried figures […]

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The shipping company that is responsible for the collapse of the Baltimore Bridge wants to reduce its liability from $3bn to $43m (£2.41bn). It will do this by relying on a law dating back to before the US Civil War. Baltimore authorities are engaged in a legal battle with Singaporean owners of a container ship […]

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Tesla has accelerated plans to produce a variety of cheaper vehicles as Elon Musk’s electric vehicle manufacturer attempts to compete with a wave Chinese manufacturers. Production will begin next year. The company has said that it will “accelerate launch of new models…including more affordable models”. Tesla’s shares rose more than 5pc after-hours despite the company […]

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One of the UK’s largest bread manufacturers has warned that prices could rise as the company expects “very small” grain harvests, increasing its dependence on imports. George Weston, head of Associated British Foods, which owns Kingsmill, Ryvita, Twinings Tea, Dorset Cereals, and the discount fashion retailer Primark said that the group has not raised its […]

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Blackpool rock is a British seaside tradition as traditional as donkeys on the beach, arcades and fair-to-middling weather. But it faces an existential danger from inferior Chinese imports that are cheap. Ten rock makers signed a letter to warn of an “immediate and grave challenge” to their industry that could threaten the lives of employees […]

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The UK stock exchange hit a new record on Tuesday as investors hoped for interest rate reductions and a calming of geopolitical tensions. The FTSE index of blue chip stocks listed in London reached 8,076 on Tuesday. This is higher than the previous high of 8,047 points in February 2023. It ended Monday at , […]

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After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest rate cut this summer have diminished. Huw Pill expressed concern that, after a survey indicated strong sales in the private sector during the past month, […]

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In response to the “uncertainty” in the market, at least five major lenders raised their rates on fixed mortgages on Tuesday. This increased pressure on those who are looking to buy a home or remortgage. Barclays, HSBC (part of Yorkshire Building Society), NatWest, Accord mortgages and Leeds building societies have all increased the price of […]

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Off the coast of Scotland, the world’s largest floating offshore wind farm will be constructed to power North Sea platforms that pump fossil fuels into the UK. Green Volt will consist of 35 wind turbines that will generate 560MW renewable energy. The investment is expected to be around £3bn. This power will replace current diesel […]

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Indermit Gil says that tax burdens are reaching record levels, and the state is bloated. According to the World Bank’s chief economist, Britain’s bloated government has caused the country to look more like France rather than America. This trend is harming the economic growth. Indermit Gil said that a recent rise in public spending has […]

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Asda will raise more than £2.6bn in order to refinance part of its debt after the UK supermarket revealed results that showed adjusted profits rose by about a quarter. The third largest supermarket in Britain has been saddled with high debt levels since the billionaire Issa Brothers bought it with TDR, a private equity firm, […]

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Elliott Management, a US hedge fund, has bought the bonds of the troubled British utility Thames Water in an attempt to bet the markets are too pessimistic about the losses investors might have to bear. Elliott has built up a position on the bonds of the heavily indebted water firm at a discounted price to […]

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The FTSE 100 reached a new high on Monday, as the rising expectation of UK interest rate reductions weakened sterling. This also boosted London corporate valuations. The blue-chip index in Britain rose by 1.6 percent to 8,023.9, surpassing its previous high of 8,014.3 set in February 2011. The dollar’s recent gains over the pound fueled […]

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Mike Ashley’s Frasers Group refused to let the Financial Reporting Council publish the main findings of an investigation into the retailer’s most recent annual report. Frasers has been involved in corporate governance disputes for many years. The company has refused to give the regulator consent to release a case summary after “substantive investigations” were conducted […]

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A fund in the United States that offers “public access” to private technology has seen its value soar amid investor fervor for its unlisted investments. Investors clamoring for exposure to the fund’s private holdings such as Elon Musk’s SpaceX and OpenAI (the developer of ChatGPT) have boosted the fortunes in stark contrast to the floundering […]

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Where is Selfridges second largest store? “Is it in Birmingham, or Manchester?” asked one of Central Group’s executive directors. Central Group is the Thai conglomerate which co-owns this historic department store chain. It is a strange question to ask to a journalist, especially when it comes from a board member who wants to tighten their […]

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Hornby has seen a drop in sales due to delays in deliveries caused by shipping attacks in the Red Sea. Margate-based model trains and collectibles said that sales fell 8 percent in the final quarter of their financial year, ending March 31, as compared to a year earlier. The decline in deliveries was partially due […]

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Tyman is the latest London listed company to be acquired by an overseas competitor after accepting an offer of £788million from an American rival. Quanex Building Products, a FTSE 250 company that supplies parts for windows and doors, said it was best to offer Tyman shareholders a cash-and-shares deal. This would give them “a significant […]

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A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which is oversold. Nick Train, a well-known stock picker, once said: “Sometimes, you need to have a cathartic experience in order to change the tide.” Train, […]

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Mobico’s shares, which own National Express, fell to their lowest ever price on Monday due to a profit warning, a sudden departure of its finance chief, and reassurances that debt levels would remain high for some time. City analysts stated that Mobico’s update “provides many reasons for concern”, as the stock fell another 6p or […]

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Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead to a crunch, which would cause banks to suffer large losses and trigger a crisis in the real economy. Regulators are increasing their scrutiny of the private-equity market, amid concerns that the sharp rise in interest rates […]

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It was a time when you felt that Foxtons, the London estate agency, owned London. In the noughties its distinctive dark green Mini Coopers with yellow trim were a common sight, zipping through Notting Hill or Clapham, while passengers sat in the back. Opening a branch in an “up-and-coming” area such as Brixton was seen […]

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The family-owned Estrella Damm, which is a leading producer of Spanish lager in Britain, has invested €60 million in the construction of a modern brewery in Bedford. Estrella is being produced outside of the Iberian Peninsula for the first time in its 150 year history. The firm chose the UK to compete with rival locations […]

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Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a lounger on holiday. The “Czech Sphinx”, who was on holiday, picked up the phone and dialed Keith Williams. He then made a £3.1billion bid to buy a 500 year-old British institution. Williams, the […]

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The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than expected. This is due, in part, to the higher fuel prices. According to the Office for National Statistics, the pace of growth in consumer prices in the UK fell from 3.4% to 3.2 percent […]

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