Investment bank and mortgage woes weigh on Barclays
Barclays says that a slump in trading at its investment bank and sluggish mortgage demand has sent its first quarter pre-tax profits tumbling 12% to £2.3billion. Daily Express :: City and Business Feed More...
BHP buyout offer for Anglo American sparks London Stock Exchange exodus fears
Anglo American has received a $ 39billion takeover offer from Australian mining giant BHP, sparking fears that the London Stock Exchange could suffer an exodus of its biggest companies. Daily Express :: City and More...
Falling baby formula sales dent Reckitt’s revenues
Consumer goods giant Reckitt’s first quarter revenues have dropped 4.6 percent to £3.7billion, after its US baby formula sales plunged due to resurgent competition there. Daily Express :: City and Business More...
Higher costs and mortgage competition sends Lloyds Banking Group’s profits tumbling
Lloyds Banking Group’s first quarter pre-tax profits have slumped 28% to £1.6billion due to increased competition in the mortgage market and higher costs. Daily Express :: City and Business Feed More...
The AA’s profits plunge but breakdown giant’s boss insists progress is being made
The AA’s chief executive Jakob Pfaudler says that its financial health is improving, even though its annual profits before taxes tumbling 41 percent to £42million. Daily Express :: City and Business Feed More...
Heineken boosts takings as zero-alcohol beers a resounding success
Demand for zero alcohol beers and higher prices helped boost first quarter revenues at Heineken by 7.2 percent to €8.2billion , with volumes also increasing around the world. Daily Express :: City and Business More...
Higher Primark profits powers owner Associated British Foods to best results in years
Primark owner Associated British Foods has enjoyed its best interim results in nearly 20 years, chief executive George Weston says, thanks to higher profit margins at the clothing chain. Daily Express :: City and More...
PureGym almost halves its losses as customer spending and gym branches surge
PureGym says its annual pre-tax losses have nearly halved to £77.6million, thanks a combination of new gym openings and increased spending from its existing members. Daily Express :: City and Business Feed More...
JD Sports picks up US rival Hibbett for £878million
JD Sports is to acquire US sportswear retailer Hibbett for $ 1.1billion , which chief executive Regis Schultz says will accelerate its growth in the North America. Daily Express :: City and Business Feed More...
Eight in 10 small businesses have introduced more energy-saving methods over the last year
Some of the top creative ways they are cutting costs – and carbon – include motion-sensor lightbulbs, and even air fryers in the office kitchen. Daily Express :: City and Business Feed More...
