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South East

08:23, 15 AUG 2025

Domino's misses new store targets due to franchisees' wage pressure struggles

The pizza delivery chain saw just 11 new stores open in the six months to June 29, with full-year openings now expected to be in the mid-twenties as franchisees become more "cautious"

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Dishoom sold to firm backed by LVMH in mega deal for popular ��Ƶ restaurant chain

Dishoom has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes

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Close Brothers shares rocket as bank wins Supreme Court finance case

Shares in the FTSE 250 lender surged over 25 per cent during early trading, hitting a high of 500p.

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McDonald's ��Ƶ doubles profit to £120m in 2024 despite job cuts and competition

The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023 as it also cut 2,000 jobs

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Papa John's shuts 70 ��Ƶ stores amid ongoing financial struggles

The ��Ƶ arm of the US pizza giant has reported a pre-tax loss of £21.8m for its latest financial year, having also lost £19.2m in 2023 as it closed 74 stores and opened only seven

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Bank of England to cut interest rates but faces dilemma over future policy decisions

The Bank of England is expected to cut interest rates this week, but the future of monetary policy is uncertain, according to leading economists

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Charlotte Tilbury creates 150 jobs as profits soar in latest financial year

The business was founded in 2013 by Charlotte Tilbury who serves as its chair

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Heathrow tables 'shovel ready' plans for new third runway after rival bid submitted

The airport said it had submitted "shovel-ready" plans for a privately financed runway ahead of the Department for Transport's deadline on Thursday, which it said would clear the way for flights to take off within a decade

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FTSE 250 firm Just Group agrees to be bought by Canadian asset manager in £2.4bn deal

Just Group, which is part of the FTSE 250, has agreed to be bought by Canadian asset manager Brookfield Wealth Solutions in a deal worth around £2.4bn

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Anglo American revenue takes hit as Donald Trump's trade war dents turnover

The FTSE 100 giant, which is ramping up its focus on copper, has not been immune to the threat of US President Donald Trump's tariffs on all commodities including the red metal

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Schroders assets under management remain stable after weak performance

Schroders have made changes that are part of the firm's three-year plan to save £150m and return to profitable growth

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Heathrow: Billionaire launches rival bid to run airport's third runway expansion

The Arora Group, which owns a number of hotels around the west London hub, has confirmed it will table a bid to run the £21bn project against the airport's current operators

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Shell posts 32% hit to earnings in second quarter amid volatile oil and gas prices

The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn.

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Unilever profits fall as sales grow ahead of ice cream arm demerger

Turnover at the consumer goods giant, which owns brands such as Dove, Colman's and Persil, was €30.1bn

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Klarna secures ��Ƶ banking licence to take on Monzo and Revolut

The buy now, pay later firm has been granted regulatory approval to offer savings accounts to its 11 million ��Ƶ customers, with a debit card on the horizon

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Taylor Wimpey shares fall as costs to fix combustible cladding hit profits

The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company told markets this morning.

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Santander ��Ƶ's strategic overhaul leads to job cuts and branch closures

The bank said provisions for other liabilities and charges were up 74 per cent to £249m driven by "higher transformation related charges". The lender listed losses and provisions as rising 119.8 per cent to €340m (£296m)

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Revolut mulls China launch as fintech giant faces ��Ƶ regulatory hell

Revolut is considering a move into China as the fintech giant battles regulatory issues closer to home in a bid to become a fully fledged bank in the ��Ƶ

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Rathbones sees profit fall as it warns on first-half market turbulence

Rathbones has reported a decline in profit over the first six months of the year, as market turbulence in the first quarter took its toll on the FTSE 250 wealth manager

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HSBC profit plunges 29% amid China business write-downs, missing market forecasts

The FTSE 100 listed global bank saw its pre-tax profit come in at $6.3bn (£4.72bn) in the three months to May 31, down from $8.8bn a year ago and below analyst expectations of $6.99bn.

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Anglian Water agrees to £68m redress package for regulatory breaches, vows environmental improvements

The water company, which serves over six million customers in the East of England, also failed to put in place "adequate processes" to identify and address emerging and present risk, Ofwat noted

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Camera giant Canon sees ��Ƶ losses almost triple as performance lags behind expectations

Canon ��Ƶ has reported a pre-tax loss of £14.4m for the 12 months to 31 December 2024, according to new accounts filed with Companies House

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Astrazeneca sees demand for cancer drugs soar as it mulls US listing

Total revenue rose 11 per cent to $28bn (£12.98bn) in the first half of the year, driven by double-digit growth in Oncology and BioPharmaceuticals, the pharmaceutical giant told markets this morning

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Everyman shares rise after luxury cinema chain reports profit growth

Everyman, which has 48 venues across the ��Ƶ, said this morning that revenue in the first half of 2025 rose 21% to £56.5m

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