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South East

09:37, 12 AUG 2024

HSBC commits to no branch closures until 2026, invests £50m in ��Ƶ network

The bank is due to tell its nearly 15m ��Ƶ customers this week that it will extend a promise not to reduce its 327-strong branch network.

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Citigroup to scrap EU bonus cap for hundreds of London staff

The news comes after Barclays told staff last week that its so-called material risk-takers (MRTs) would be able to earn a bonus worth up to 10 times their base salary, up from a current ratio of 2:1

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South West energy services firms snapped up by cash shell

Formal approval of the deal will be sought at a general meeting at the end of August

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AI Startup Userled Secures £4m for Hyper-Personalised B2B Marketing Automation

Userled's platform allows B2B companies to create and automate highly personalised marketing campaigns without relying on third-party cookies, and has already been adopted by a number of high-profile firms

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Abercrombie & Fitch opens new Shoreditch store, remains quiet on diversity pledges

The retailer was once described as "America's most hated retailer" due to its hiring practices and its approach to staff in stores, but has more recently pledged to change its ways

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Barclays to scrap EU bonus cap for top bankers and traders

The move means the bank's material risk-takers (MRTs) will be able to earn a bonus worth up to 10 times their base salary, up from a current ratio of 2:1

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Office giant Derwent London raises rental outlook, CEO optimistic about London market

In its half-year results, the office specialist said its income grew but valuations continued their decline

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Etihad Airways profits soar by 50% as passenger numbers rise despite global aircraft shortage

The UAE flag carrier said it flew 8.7 million passengers in the six months to June, a 38% year-on-year increase that helped it to a post-tax profit of £183 million

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Sir Richard Branson's Virgin Records sees profit more than double in a year

Virgin Records, which was set up in 1972 by Sir Richard Branson, Simon Draper, Nik Powell and Tom Newman, has reported a pre-tax profit of £76.9m for 2023

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KPMG ��Ƶ and REC report: Labour market slack continues to build in July

The latest jobs report from KPMG and the Recruitment and Employment Confederation (REC) showed another decline in permanent placements, although at a slightly slower pace than the previous month.

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BT shares take a hit as market turbulence raises concerns about the FTSE 100 company's future

BT shares have tumbled in early deals this morning as investors started to worry about the outlook for the FTSE 100 company

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Pinewood Studios' turnover surges almost 40% ahead of Marvel's The Fantastic Four

The group behind the iconic studio said that it currently has 18 productions on site across its sites and that it expects activity to pick up throughout the year

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Vodafone advances £3.4bn shareholder return plan with new £430m buyback amid strategic overhaul

The move comes after the FTSE 100 firm said in March it would return €4bn to shareholders as part of a broader capital allocation review following asset sales

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Coca-Cola HBC AG boosts full-year outlook amid robust sales growth in emerging markets

The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June

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Legal & General's profit beats estimates, dividend up amid new CEO's strategic overhaul

The FTSE 100 insurance and pension giant reported a core operating profit of £849m for the half-year, up from £844m during the same period in 2023 and ahead of a company-compiled analyst consensus estimate of £834m.

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Thames Water hit with more Ofwat special measures after credit rating downgrade

The water company could face further action after Ofwat hit the firm with a raft of new measures after its credit rating was downgraded

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Rachel Reeves could 'free up billions' for spending but it won't change fiscal fundamentals

The Chancellor has plenty of options to free up space under the current fiscal framework, but the Institute for Fiscal Studies argues that the focus should be on the merits of more borrowing, rather than the technical details

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London's RedCat Pub Company rebounds with £61m refinancing after administration challenges

RedCat Pub Company, which was founded and is chaired by former Greene King chief executive Rooney Anand, has completed a refinancing of its current debt facilities

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GSK secures victory in latest Zantac trial: Jury dismisses claims linking drug to cancer

The London-listed pharmaceutical giant has faced a barrage of lawsuits over whether or not Zantac - once the best selling drug in the world - was carcinogenic.

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��Ƶ retail sales rebound in July with a boost from summer weather and Euro 2020

Retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor

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Glencore settles Swiss bribery case with £119m fine over Congolese mining deals

Swiss authorities have ordered Glencore to pay a fine and compensation totalling around £119m, resolving a probe into the bribery of a Congolese public official by its business partner in 2011

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Turtle Bay reports record turnover despite challenges in London and Midlands

Turtle Bay was founded in 2010 and now has more than 40 venues across the ��Ƶ, with a menu that includes Caribbean-inspired dishes such as jerk chicken, curried goat and burgers

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Volvo's ��Ƶ revenue hits £1.7bn, marking a historic year despite economic challenges

The ��Ƶ arm of the Swedish car maker saw revenues rise to £1.7bn in 2023, up from £1.4bn, according to newly filed accounts with Companies House

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Global markets tumble as FTSE 100 hits new low, recession fears escalate after weak US job data

The blue-chip index dropped 1.8 per cent to 8,024.02 on Monday morning, while the mid-cap FTSE 250, which is more closely aligned with the health of the ��Ƶ economy, fell three per cent to 20,210.11

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