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South East

10:37, 28 MAY 2025

Thames Water slapped with record £123million fine over 'unacceptable impact on environment'

The water regulator confirmed a final decision on Tuesday following two of its "biggest and most complex" investigations into the beleaguered utility's operations.

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Starling Bank's profits tumble as tougher competition takes toll

Starling said it had been hit by higher costs as it ramped up its investment levels in a more competitive fintech market, with staff expenses a major factor in the increased expenses

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Vauxhall owner Stellantis names former Jeep boss as new chief executive

Stellantis has named Antonio Filosa as its new chief executive, replacing Carlos Tavares who was pushed out in December after a series of profit warnings

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Twinings Tea: Profit at ��Ƶ's most famous tea brand jumps to almost £100m

New accounts filed with Companies House show the London-headquartered tea brand's revenue increased from £226.7m to £234.3m in the period

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HSBC intensifies European downsizing, slashing investment bank roles amid strategic Asian pivot

The bank reportedly cut more than two dozen investment bank jobs in Europe, with the cull including the head of fixed income research for the Middle East and North Africa

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Monsoon and Accessorize owner slumps into the red as sales fall

Adena Brands, the owner of both Monsoon and Accessorize, slumped to a pre-tax loss of £7.5 million for the 12 months to 31 August, 2024, according to new accounts

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HS2 whistleblower handed 'substantial' payout after raising concerns about costs

Stephen Cresswell, a former senior HS2 cost analyst, will receive a substantial compensation payout after HS2 admitted partial liability following a case for unfair dismissal at the Employment Tribunal

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��Ƶ fintech giants Zopa and Clearscore exceed targets in national cost of living initiative

The Fintech Pledge, which includes 57 fintech and tech firms, has exceeded its target of 25m actions to help ��Ƶ consumers improve their financial resilience

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The Telegraph set to be sold in £500m deal after two years of uncertainty

The 170-year-old newspaper has been at the centre of a tug-of-war between Redbird Capital and the government, but the US firm is now set to complete the deal

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Travelodge in the red after Rachel Reeves' £21m National Insurance tax hike

The budget hotel giant has said that the National Insurance Contributions increase and the reduction in the threshold announced in the Autumn Budget, are set to cost the firm an extra £9m in the current financial year.

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Farnborough-based Qinetiq celebrates share rise with new £1.5bn MoD deal until 2033

The company's Long Term Partnering Agreement (LTPA) with the ��Ƶ government will now run to 2033 after being extended by five years, it said on Thursday.

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Rio Tinto boss announces he will step down after four years with mining giant

Jakob Stausholm has led the FTSE 100 mining giant since early 2021 and a "rigorous selection process" will now be pursued, the company said in a statement

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Poundland set to be sold by Pepco for just £1 as discount retailer struggles

Poundland has been put up for sale by parent company Pepco after it said the business continued to face "challenging trading conditions" and that it was "actively exploring" exit options

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BT hikes dividend as profits rise - but shares fall on gloomy outlook

The company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year

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Tate & Lyle declares 'transformation complete' as it lifts profits after CP Kelco deal

Tate & Lyle has posted a rise in profits and free cash flow for the year to 31 March 2025, as the FTSE 250 firm integrates its $1.8bn acquisition of ingredients maker CP Kelco

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Investec profit soars to more than £1bn as lending and deposits rise

The FTSE 250 bank posted a 7.8% annual rise in operating profit to just over £1bn for the year to March 31, 2025, which beat its own upgraded forecast in March

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Harry Potter publisher's profits fall by fifth despite rise in sales

Bloomsbury Publishing - which is also known for the fantasy romance hits by Sarah J. Maas - saw its pre-tax profit fall by almost a fifth to £32.5 million in the year to February 28

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HSBC staff warned their bonuses will be slashed if they don't return to the office

The ��Ƶ-based bank has told all staff in retail and domestic commercial arm that they could be paid less if they don't follow the firm's three-day minimum requirement to work in the office

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Deloitte ��Ƶ staff bonuses to be determined by 2025 performance after 'lagging behind'

The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue

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Easyhotel slashes losses as it edges toward profit after Covid-19 pandemic

The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m for 2024, down from the €10.5m it reported for 2023, as it returned towards profit for the first time since before the Covid-19 pandemic

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Thames Water chair admits he 'misspoke' to MPs over emergency loan bonuses

Sir Adrian Montague, the chair of Thames Water, has admitted that he may have "misspoken" when he told a committee of MPs that the utility's creditors had insisted on the payment of bonuses to senior managers

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Lloyds Banking Group boss grilled over motor finance scandal

Chief executive Charlie Nunn said the bank had not seen "evidence of harm" from its operation in the motor finance market, but had made provisions for a potential Supreme Court ruling

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British Gas owner sells 46.25% of North Sea gas field stake to Ithaca Energy, boosting shares

The deal will see Spirit Energy - a subsidiary of Centrica - offload its 46.25% stake in the site for around £215m to Ithaca Energy

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Upper Crust owner SSP Group sees shares jump as profits climb amidst global expansion

The FTSE 250 firm recorded £45m in operating profit - up 20 per cent growth from the first six months of 2024, while revenue soared

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