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South East

10:35, 7 JUL 2025

Burberry shares double in value as luxury fashion brand eyes FTSE 100 return

Burberry's shares have doubled in value in a matter of weeks as the luxury fashion brand looks to return to the FTSE 100 index in London.

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Apple ��Ƶ tax bill surges as tech giant's profit soars past £1bn

Apple paid £303.7m in ��Ƶ corporation tax during the 12 months to 28 September, 2024, according to new accounts filed with Companies House - up from £188.1m a year earlier

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Survey suggests ��Ƶ as 'most attractive' investment destination amid growing risk appetite

City leaders have spoken about their desire to take on bigger gambles to drive returns and improve growth prospects

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More London West End streets to be pedestrianised under Crown Estate plans

The Crown Estate and Westminster City Council have announced plans for a major pedestrianisation scheme in London's West End - including a new traffic-free space

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Bank of England considers stablecoins for wholesale markets, shifts regulatory stance

Sasha Mills, Executive Director of Financial Market Infrastructure at the Bank of England, said the regulator was "open minded" on the use of stablecoins in wholesale markets

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Eurostar in talks to double capacity at London St Pancras to meet soaring demand

The cross-channel operator is aiming to future proof the popular central London hub against overcrowding as it looks to tap growing demand for international rail travel.

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Currys shares rocket as retailer posts growth across divisions

Currys' like-for-like sales growth hit two per cent, mainly driven by the ��Ƶ and Ireland which grew four per cent. The business cited a "resilient" consumer environment with "softening cost inflation and interest rates starting to fall" in the ��Ƶ.

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Watches of Switzerland warns of price hike for luxury timepieces after US tariff

The luxury timepiece retailer said that a number of products had already seen a price increase, with the mid-single digits so far. It comes after Donald Trump imposed a 10 per cent levy on non-US goods

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Richard Branson's Virgin Trains comeback blocked after ruling from rail regulator

The Office of Rail and Road (ORR) on Thursday said it had rejected applications from Virgin Management and two other companies for track access rights to run services on the West Coast Main Line

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HSBC's strategic retreat from Europe continues with £260m sale of ��Ƶ life insurance arm

The banking group has sold its ��Ƶ life protection arm to insurance firm Chesnara as part of a £260m deal

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All companies involved in four-day week trial decide to keep it

The latest pilot was launched last November and has been hailed a success

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Bank of England policymaker calls for faster interest rate cuts to prevent 'downside scenario'

Bank of England policymaker Alan Taylor has urged his colleagues on the Monetary Policy Committee to vote for faster interest rate cuts in order to allow a soft landing on the inflation path

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Superdrug creates 600 jobs despite 'strain' of Rachel Reeves' tax hikes

Superdrug has opened 13 stores and created more than 600 jobs in a year despite the company saying that Chancellor Rachel Reeves' tax hikes have put a "strain" on its operating costs.

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Pisces private stock market: Revolut, Octopus and Oaknorth eye trading platform

The London Stock Exchange Group has hosted a private conference for ��Ƶ businesses interested in joining the new Pisces private stock market, City AM can reveal

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Aviva's £3.7 billion acquisition of Direct Line gets green light from ��Ƶ watchdog

The £3.7bn takeover will not be subject to a phase-two investigation, the Competition and Markets Authority (CMA) said on Tuesday, after a preliminary probe to assess whether a combination between the two would reduce competition in the ��Ƶ insurance market.

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Gousto has 'never been in better shape' after cutting losses by over £50m

The company said its financial goals were set to match the "challenging economic conditions which pervaded throughout 2024" and focused on profit and cash generation.

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Standard Chartered hit with $2.7bn lawsuit over '1MDB fraud'

Standard Chartered has been hit with a $2.7bn lawsuit over accusations it helped move and hide billions that were stolen from Malaysia's 1MDB fund

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VodafoneThree handed £343m by Virgin Media O2 after mega merger gets green light

Virgin Media O2 has bought a tranche of mobile spectrum from Vodafone ��Ƶ for £343m in a move that will help shore up its network amid widening concerns over connectivity

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M&S launches sweet strawberry sandwich but it could face the same fate as Jaffa Cakes

The strawberry and cream sandwich has been all over social media as shoppers race to taste the sweet sandwiches - but it has also raised the question of VAT

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FTSE 100 defence giant Babcock hails 'new era' as profits surge by 50%

The FTSE 100 company - which plays a significant role in supporting the ��Ƶ's nuclear submarine program - recorded an 11 per cent increase in revenue to £4.8bn

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Wizz Air chief executive's salary hits £3.2m despite facing profit challenges

Wizz Air chief executive Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the airline's year to 31 March, 2025, according to its annual report

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Cafe Rouge and Bella Italia owner slashes losses after major job cuts

The Big Table cut its headcount from 4,236 to 3,531 in the 12 months to 27 October, 2024, new accounts filed with Companies House show. Over the same period, the group's pre-tax loss was slashed from £13.8m to £4.4m.

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Lego posts record sales in ��Ƶ for seventh year in a row as profits spike

The Berkshire-headquartered division of the Danish giant has reported a pre-tax profit of £42.9m for its latest financial year.

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Cavendish shares jump to eye year high after rejecting deals unit takeover

The financial services firm said there had been no further discussions on the matter

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