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London

09:56, 30 JUL 2025

HSBC profit plunges 29% amid China business write-downs, missing market forecasts

The FTSE 100 listed global bank saw its pre-tax profit come in at $6.3bn (£4.72bn) in the three months to May 31, down from $8.8bn a year ago and below analyst expectations of $6.99bn.

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Camera giant Canon sees ��Ƶ losses almost triple as performance lags behind expectations

Canon ��Ƶ has reported a pre-tax loss of £14.4m for the 12 months to 31 December 2024, according to new accounts filed with Companies House

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Barclays CEO urges Rachel Reeves to reconsider bank tax hike amidst economic growth concerns

Barclays boss CS Venkatakrishnan has warned against a bank tax hike as the Chancellor looks to maintain her fiscal headroom

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Astrazeneca sees demand for cancer drugs soar as it mulls US listing

Total revenue rose 11 per cent to $28bn (£12.98bn) in the first half of the year, driven by double-digit growth in Oncology and BioPharmaceuticals, the pharmaceutical giant told markets this morning

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Everyman shares rise after luxury cinema chain reports profit growth

Everyman, which has 48 venues across the ��Ƶ, said this morning that revenue in the first half of 2025 rose 21% to £56.5m

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Shell's profits to suffer due to price volatility and weak chemical demand

The FTSE 100 energy giant is set to report lower profits for the three months to June 30 as it continues to battle volatile oil prices and weak demand for chemicals

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Wood Group likely to agree takeover by Middle Eastern firm Sidara

The new wave of interest from abroad in snapping up ��Ƶ assets has continued, with engineering and consulting firm Wood Group likely to recommend a takeover by Middle East-based Sidara

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Christian Dior ��Ƶ sales fall despite demand for watches and jewellery

The luxury fashion brand's London-based division has seen its revenue and pre-tax profit decline, despite an uptick in demand for its watches and jewellery.

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London sushi chain Wasabi sheds over 100 jobs as profits slump

Wasabi - which has 33 locations in London - has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House

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Wayfair slashes ��Ƶ workforce by 52% in two years as online sales take a hit

The US homewares and furniture seller's ��Ƶ operation had a headcount of 405 at the end of 2024, compared to 587 in 2023 and 847 in 2022, it has been revealed

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Christie's London showroom rebounds with £919.4m in sales for 2024, led by modern art

Christie's posted a 12 per cent rise in sales for the year to December 31 2024 after its ��Ƶ arm reported a 21 per cent slump in sales in 2023, with turnover down by 10 per cent

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NatWest upgrades guidance and announces £750m share buyback

The bank has announced a 9.5p interim dividend and a £750m share buyback following "a strong H1 2025 performance" in first results since the bank returned to full private ownership.

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England's Premiership rugby clubs' finances revealed as sport faces stark warning over future

Business of Sport

Business Live analysis of Companies House data found every single side in the league in the red in the last financial year

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Clifford Chance's profit soars to £944m, partners earn £2.1m each

The 36% increase in profit, up from £693m in the 2022/23 financial year, is the third consecutive year of growth for the London-based firm

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VodafoneThree merger boosts ��Ƶ operations with significant revenue growth

The deal has created the ��Ƶ's largest mobile operator and delivered a double-digit boost to local revenues in the first quarter

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Swatch relocates London HQ to Canary Wharf, embracing new office trends

The watches and jewellery manufacturer has signed a five-year lease for 9,500 sq ft at the Sierra Quebec Bravo building in Canary Wharf, relocating from Dockside Road

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BT Group reports 10% profit drop but remains optimistic about achieving annual targets

In a trading update for the three months to 30 June, the FTSE 100 company informed shareholders its reported profit before tax was down 10 per cent to £468m

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ITV beats expectations with streaming and Studios boost despite profits dip

The FTSE 250 broadcaster reported a 31 per cent drop in group adjusted EBITA (earnings before interest, taxes, depreciation, and amortisation) to £146m for the six months to 30 June, and a three per cent fall in total revenue to £1.85bn

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Lloyds Bank reports strong growth in first half of year as ��Ƶ economic conditions improve

The FTSE 100-listed bank saw a 4 per cent year-on-year increase in statutory profit after tax to £2.5bn, with underlying profit of £3.6bn

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OpenAI's ��Ƶ earnings surge as AI firm lands Government deal

The ��Ƶ arm of OpenAI, the US tech giant behind the ChatGPT artificial intelligence (AI) service, saw its earnings surge in 2024

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French nuclear company to create 1,000 ��Ƶ jobs to support Sizewell C

The roles will be across Assystem's 10 ��Ƶ sites but in particular in Bristol, Blackburn, Derby, Sunderland and London

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Decathlon losses nearly double to £24m as 'significant transformation' hits sales

Decathlon, which is controlled by French billionaire Michel Leclercq, has reported a pre-tax loss of £23.7m for 2024, according to new accounts filed with Companies House

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Natwest and Lloyds set to reveal earnings: What to expect amidst economic shifts

Lloyds and Natwest will kick off earnings on July 24 and July 25 followed by peers Barclays, HSBC and Standard Chartered the following week

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BP names new chair after Helge Lund quits amid shareholder pressure

The company announced plans in February to slash renewable energy investment and pivot back to oil and gas. Nearly a quarter of BP's shareholders opposed Lund's re-election at its annual general meeting in April

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