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South East

13:29, 15 AUG 2024

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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Taylor Wimpey profits hit as housebuilder looks to new government for support

The interim numbers, which come just a day after Angela Rayner laid out a set of reforms to increase the number of new homes being built in the ��Ƶ, revealed a hefty dent to operating profit at the firm

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Just Eat revenue drops as Brits splash out on takeaways while US and Europe struggle

The company said the increase in total revenue was due to a reduced delivery cost per order, boosted by a move to transfer all ��Ƶ logistics orders to its own delivery platform in July

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Rio Tinto profit edges higher as miner's attention turns to copper takeover

The group's copper production is on track to grow about two per cent this year, and it aims to deliver a three per cent growth in the field annually until 2028, it said in its interim results.

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GSK raises guidance after strong second quarter boosted by cancer and HIV portfolio

Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year while core operating profit at the pharma company rose by 18 per cent

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Wizz Air defends against Which? claims, citing 'misleading' worst airline rating

Wizz Air has been named the worst airline in the ��Ƶ for customer service in a report by Which? - but the budget carrier has hit back at the claims

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Car dealer reports rise in profit after selling ��Ƶ retail arm for £346m

On an adjusted basis, both operating profit and pre-tax rose seven per cent in constant currency to £226m and £299m, respectively.

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Labour's new ��Ƶ planning reforms aim to tackle housing crisis with green belt review

Under new proposals, local authorities will be given mandatory housing targets to help "pave the way" to deliver 1.5m homes over the course of the parliament, the government said

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Selfridges CEO Andrew Keith steps down amid challenging times for iconic London store

Andrew Keith has been at the helm of the luxury retailer since 2020 but will leave in the autumn to pursue new ventures

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BP beats expectations with profit hike and dividend increase

The oil major posted underlying replacement profit - a sign of the firm's profit were it not for unexpected or unusual expenses - of $2.8bn, beating analyst expectations of $2.6bn.

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FCA extends motor finance scandal probe as Barclays takes legal action

The FCA says it is extending its review into the motor finance market amid ongoing tensions between thousands of consumers and providers over commission arrangements

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Building contractor expands into South West and plans to open new office

Inco Contracts said it was currently considering three locations

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Ladbrokes owner Entain sees US division surpass $1bn in revenue in first half of year

The FTSE 100 group's aggressive marketing push in the US helped the gambling firm's American division to bring in over a billion dollars (£780m) of revenue in the first half of the year.

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Ofgem pushes ahead with plans to increase flexibility in the energy system

The energy regulator has confirmed that Elexon will be a 'market facilitator' for local energy flexibility

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Bank of England interest rate decision: views divided as economists wait to see if cuts are on way

The Bank Rate has stood at 5.25 per cent since last August, but rate-setters have been edging closer and closer to cutting rates over the past few months as inflation has come back under control

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