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South East

12:16, 29 JUL 2024

Evri to create 9,000 jobs in hiring spree following US takeover

The ��Ƶ's largest parcel delivery company will employ 8,000 additional couriers, alongside 1,000 warehouse and supporting roles this year. Key areas for the hiring spree include Scotland, Bury St Edmunds, Plymouth and Gatwick

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Rothschild-backed private equity fund raises £225m to invest in tech firms

The new fund, Kennet VI, has already begun to deploy capital, including in Screendragon in Ireland and the ��Ƶ, which makes workflow management software, and Fluid Topics in France, an AI content delivery platform

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FCA heralds 'critically important' stock market rule change to revive IPO market

The FCA has announced plans for a long-awaited prospectus overhaul which will look to reduce the administrative burden on listed companies looking to raise money

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Chancellor Rachel Reeves to confirm Budget date and warn of 'difficult decisions'

The Chancellor is expected to announce a slew of new measures which will involve spending cuts "within the financial year".

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Supermarket loyalty pricing 'unlikely' to mislead shoppers, watchdog says

A review by Britain's competition watchdog into loyalty pricing in the groceries sector has revealed a lack of evidence to suggest promotions are unfair

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Regulator criticises major ��Ƶ banks for failing to provide accurate customer information

The CMA said HSBC, Lloyds, TSB and AIB all "failed to make available correct data on their products or services"

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New twist in Tesco and Sainsbury's meal deals: Ice creams added to the lunchtime lineup

Both Tesco and Sainsbury's have added a new item to their popular meal deals, but it seems that not many people have caught on to it yet

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Babcock International profits soar amid 'sustained uplift in global defence spending'

The British defence giant said revenue for the year to March 31 rose to £4.44 billion, up from £4.39 billion the year before, while underlying operating profit jumped 34% to £238 million

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��Ƶ warehousing leader Segro reports significant profit increase amid positive property valuation trends

Segro saw its profit before tax increase to £227m in the first six months of 2024, up from £198m in the same period last year.

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NatWest acquires Metro Bank mortgage assets and reports robust H1 earnings

Natwest said it performed ahead of expectations in the first half

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Rightmove urges Government to maintain stamp duty relief for first-time buyers amid financial results

The ��Ƶ's biggest property portal posted "uninspiring" results

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FTSE 100 edges up led by Unilever amid global tech sector turmoil

The FTSE 100 was one of the few global markets to make any headway on Thursday after global equity markets were hit by a tech sell-off

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Lloyds Banking Group sees profit decline amid rising costs and interest rate challenges

The group - which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows - reported a pretax profit of £3.32 billion in the six months to the end of June

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ITV reports soaring profits bolstered by Euros 2024 and Love Island success

The broadcaster has been boosted by the strength of its studios business, which has continued to perform well and deliver revenue growth in the first half of the year

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MHA ��Ƶ doubles revenue in four years reaching £180m

MHA, the ��Ƶ and Irish arm of Baker Tilly International, has seen its revenue jump by 27 per cent to £180m

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Crufts organiser in 'extremely challenging financial situation' after costs soar

The Kennel Club, which organises the world-famous dog show Crufts, has slipped into the red after the cost of hosting its events "increased significantly"

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Christian Dior hails 'great strength' as it sees profit dip amid ��Ƶ slowdown

The ��Ƶ arm of luxury fashion house Christian Dior has reported a revenue of £332.4m for the year, down from £334.8m, while its pre-tax profit was cut from £60m to £46.6m

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Santander profits dive 30 per cent in ��Ƶ as Spanish bank feels the pinch

The Spanish bank's ��Ƶ arm reported pretax profit of £804m in the first six months of the year, down from £1.2bn in the same period last year.

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FCA mandates ��Ƶ banks to assess local cash needs before shutting down branches

Banks and building societies will have to weigh whether residents are able to access cash under new rules announced by the City watchdog today

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Quarterly new home completions fail to make a dent in the housing crisis

The number of new homes registered to be built in the ��Ƶ fell by 23 per cent year on year in the second quarter of 2023, according to figures from the NHBC.

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Pawnbrokers booming as Brits continue to feel the financial squeeze

Britain's biggest pawnbroker H&T reported strong sales for the first half of the year, suggesting the financial squeeze on Brits is yet to be alleviated

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Fuller Smith & Turner sees robust sales uplift, reduces debt after selling 37 pubs

The pub chain said that sales at the company for the first 16 weeks of the financial year were 5.3 per cent higher than the same period last year, boosted by major events including the Euro football championships

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Financial woes deepen for City of London's Walkie Talkie as losses exceed £148 million

The company behind the 'Walkie Talkie' building in the City of London has posted an operating loss of £148.7m for 2023, up from a loss of £69m in 2022

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Renault ��Ƶ's sales surge to over £2bn in 2023, outpacing industry trends

The division saw new registrations of Renault-branded cars increase by 51 per cent from 46,490 in 2022 to 70,326 in 2023 - higher than any other car brand bar MG

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