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South East

09:42, 22 AUG 2024

JP Morgan revises ��Ƶ economic growth forecast upwards following robust GDP data

The bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent.

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BT shares slump after Sky strikes broadband deal with rival

Shares in BT are down more than 5 per cent in early deals after Sky announced a broadband deal with one of the telecoms giant's biggest rivals

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Former boss of family-run Beard Construction dies

Alan Beard joined the business in 1950 at the age of 17 when the company was run by his father

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Plus500 reports robust first half with $398.2m revenue, plans $185.5m shareholder return

The trading company has reported a 12% rise in revenue for the six months to 30 June, and says it is "strategically well positioned"

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THG opens new office in London's prestigious Square Mile

The new office in the Square Mile, the historic financial centre of London, will bring together City A.M. and other THG brands under one roof for the first time

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JTC bolsters employer services with acquisition of Buck ��Ƶ from Arthur J. Gallagher & Co

The corporate solutions firm has agreed to acquire the Buck ��Ƶ and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co

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��Ƶ confidence in financial inclusion plummets despite economy strength

The proportion of people who say they feel financially included in the ��Ƶ has fallen, a survey from Principal Financial Group shows

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Carpetright's £350m debt revealed: Inside the collapse and rescue by Tapi

Carpetright was sold to rival Tapi in a deal worth £3.7m after the company went into administration in July with the loss of nearly 1,900 jobs and more than 270 stores

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Rolls-Royce chief's £40m payday may be justified - here's why

Tufan Erginbilgic's £13m pay in 2023 made him the third highest paid FTSE 100 CEO, but critics would be hard pressed to find fault in the Turkish businessman's performance

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Burberry's dramatic fall: From British heritage icon to FTSE 100's worst performer in 2024

Burberry shares have been on a downward trajectory for some time and their value has fallen 70 per cent in the past year. So, what has caused this sharp decline?

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Unilever triples investment in video game advertising to captivate younger ��Ƶ audiences

The consumer goods giant, which owns a range of well-known brands, has tripled its spend on in-game advertising since 2021 as it bids to reach younger consumers

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FCA censures Baker Tilly auditor MHA over audit failings

The Financial Conduct Authority (FCA) has censured auditor MHA, which is the ��Ƶ and Ireland member firm of Baker Tilly International, for failing to prepare client assets reports to the "required standard"

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AstraZeneca's Imfinzi gains US approval, boosting treatment options for early-stage lung cancer

Imfinzi, which is used alongside chemotherapy to treat early-stage non-small cell lung cancer, is given before and after surgery and is the first immunotherapy approved for this indication

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PwC facing £6.6m lawsuit from ��Ƶ property developer over 'negligent' tax advice

PwC is facing a lawsuit from ��Ƶ commercial property developer Revelan, which is claiming £6.6m from the Big Four firm after it said it was landed with a £3m tax bill

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Record re-booking rates and robust rental increases mark Empiric's mid-year financial results

Empiric Student Property has reported a 10.5 per cent increase in like-for-like rental growth during the first half of its 2024 financial year as demand for student property outstripped supply

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��Ƶ economy expands in line with expectations in second quarter

Britain's gross domestic product grew 0.6 per cent in the three months to June compared to the previous quarter, according to data from the Office for National Statistics

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Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals

The US lender is not currently planning to materially change fixed pay for material risk-takers, similar to the approaches taken by rivals JPMorgan and Barclays

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Private equity giant CVC makes 'strong recovery' after dismal 2023

The company, which owns the Six Nations, beat expectations in the first half of the year after a quiet 2023 when money failed to flow into its investments

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FCA imposes £276,100 fine on Cyprus-based Forex TB for unfair customer treatment

The Financial Conduct Authority (FCA) has fined Cyprus-based trading broker Forex TB (FXTB) Limited £276,100 for treating customers unfairly and providing unauthorised investment advice

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Paddy Power owner Flutter eyes major expansion with potential £2bn acquisition of Snaitech

Flutter Entertainment is in discussions to buy Snaitech, the consumer division of Playtech, in a deal that could be worth around £2bn and would significantly bolster the group's presence in Italy.

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��Ƶ construction leader Balfour Beatty sees profits rise to £98m, remains positive on infrastructure growth

The construction group, which has been working on a number of major projects in the ��Ƶ, said it remains positive about the "direction of travel" despite Labour's cutbacks

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Aviva reports robust first-half results with 15% surge in insurance premiums, plans more shareholder returns

The ��Ƶ and Ireland general insurance premiums jumped 18 per cent to £3.8bn

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Secure Trust Bank hikes cost-cutting target but warns on earnings as FCA review bites

Secure Trust Bank's "Project Fusion" scheme is on track to deliver £5m in savings by the end of this year, the lender said on Wednesday

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Distil seeks urgent funding as revenue plunges by 55% amid economic challenges

The AIM-listed firm, which owns brands including RedLeg Spiced Rum, Blackwoods Gin and Vodka and Blavod Vodka, said that revenue fell by 55 per cent in the four months covering April-June this year

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