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South East

15:48, 7 AUG 2024

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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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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