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South East

11:05, 5 AUG 2024

Societe Generale offloads ��Ƶ and Swiss private banking units in £771m sale

The French bank is selling its ��Ƶ and Swiss wealth management businesses to Geneva-based Union Bancaire Privee

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Retail industry leader Helen Dickinson challenges Bank of England's food price inflation predictions

Helen Dickinson OBE, the chief executive of the British Retail Consortium, has warned that another bout of food inflation in the next six months looked likely

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English wine producers see turnover grow 15% in a year as investors flock to the grape fields

Investment into the sector has been driven by a "desire to diversify production away from areas where crop yields are being damaged by climate change"

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Bank of England's Andrew Bailey commits to full term amid challenges and criticism

The Governor of the Bank of England said he was "looking forward" to the next four years, despite the criticism he has faced during a challenging first half of his term

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London sees 21% rise in office space leasing, driven by demand for sustainable buildings

Leasing activity increased in the capital during the second quarter of the year, driven by demand for sustainable office space and financial firms

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Sandwich Sandwich eyes further London openings - but boss says 'Bristol is soul of business'

The award-winning rival to Pret has attracted attention from celebrities including Gordon Ramsey and Jamie Oliver

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British Retail Consortium reports continued drop in retail footfall amid holiday spending surge

The British Retail Consortium found that the number of shoppers on the ��Ƶ's high streets fell by 3.3 per cent in July, the twelfth consecutive month of decline

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Bank of England's Huw Pill cautions against complacency in inflation fight despite rate cut

Bank of England chief economist Huw Pill said that despite returning to the two per cent target, inflation still needs to be "squeezed out" of the ��Ƶ economy.

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Yodel opts out of merger with Shift following strategic review, secures £85m investment

Parcel delivery giant Yodel has secured an £85m funding package as it seeks to put concerns over its future to bed, with a planned merger with logistics tech firm Shift now not going ahead

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Eversheds Sutherland profit growth stalls as it battles 'challenging economic conditions'

The law firm said that growth had been 'more challenging economic conditions' in most of the markets it operates in, with net profit virtually flat on the previous year

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Axa reports over £50bn in revenue as it exits asset management with BNP Paribas deal

The French insurer has reported that its underlying earnings were up from £3.5bn to £3.6bn in H1 2024, as the group also revealed that it has agreed to sell its asset manager to a French banking giant

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Capita returns to profit as it ploughs ahead with £160m of cost cuts

The outsourcer, which works on behalf of the government and the private sector, said it made a pre-tax profit of £60 million in the first six months of 2024, compared with a pre-tax loss of almost £68 million a year earlier.

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IAG: British Airways owner to restart dividend payments for first time since Covid

The London-listed group has proposed an interim dividend of 3 per share. Shares were up over four per cent in Friday morning trading.

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Online support hub for black entrepreneurs launches in ��Ƶ

Black Communities

The initiative includes mentoring and guidance, access to events and networking as well as information on funding

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Bank of England cuts interest rates for first time since March 2020 in knife-edge decision

Interest rates have been cut for the first time in nearly two years in a knife-edge decision that saw Governor Andrew Bailey and four others vote to reduce borrowing costs.

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Barclays announces £750m buyback as profits beat expectations

The lender's investment bank and wealth management division were the star performers in the three months to June, with income rising ten per cent and seven per cent respectively

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Bupa reports a 45% surge in profits, driven by robust customer growth across global markets

The company's total underlying profit for the first six months of the year was driven by the increase in revenues and returns across all its market units

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BAE Systems sees profit and revenue jump, raises dividend following robust trading update

The Farnborough-based defence giant, which has benefited from the twin tailwinds of rising geopolitical tension and the prospect of a Trump presidency withdrawing Nato support, saw a 13 per cent year-on-year rise in revenue

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Dorset's Sandbanks most expensive coastal area in ��Ƶ to buy a home

Six of the 10 most-costly locations for property are in the South West of England

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Resale giant Vinted in talks for share sale that could push company value to £3.8bn

The European second-hand clothing marketplace has reportedly contacted investors about a share sale, which could value the company at nearly £4bn

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Kelly Ortberg to lead Boeing as new CEO, succeeding Dave Calhoun in strategic leadership shift

Former Rockwell Collins chief Kelly Ortberg, 64, will take the reins on August 8 2024, bringing more three decades of experience in the aerospace sector to the position

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Oil prices and FTSE 100 surge after assassination of Hamas and Hezbollah leaders in Middle East

The FTSE 100 jumped over a hundred points on Wednesday morning, after the assassinations of two Hamas and Hezbollah leaders caused the index's energy and commodities constituents to surge

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Wickes sees decline in big-ticket sales but gains in DIY market amid cautious British spending habits

The home improvement retailer reported that overall group sales had fallen by 3.4 per cent in the 26 weeks to June 29.

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Metro Bank anticipates profitability by year-end despite current losses, shares surge 22%

The high street bank said it expects to return to profitability in the final quarter of this year, after swinging to a first-half loss

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