M&G shares jump as client capital returns with £1.2bn of inflows but investment manager’s profits almost halve on volatility Net inflows return after £2bn of net outflows in the same period last year AuMA fell from £370bn to £348.9bn and profits fell 44% The firm is investing in its wealth arm to become a key … Read more
British American Tobacco profits plunge 25% after Lucky Strike owner takes £957m hit from exiting Russia Half-year profits from operations at the Dunhill cigarette maker fell to £3.68bn Earnings were also impacted by the firm’s restructuring programme Quantum BAT’s revenues from its non-combustible brands jumped by 45.4% to £1.28bn By Harry Wise For This Is … Read more
If March’s prelims from Tissue Regenix marked an inflexion point for the regenerative medical devices specialist, it was largely missed by the wider investing public. Last week’s trading statement served to underline the group’s impressive growth trajectory – but to little fanfare. So, an oft-quoted line from Warren Buffett is probably appropriate here: ‘If a … Read more
Premier Foods’ sales jump as shoppers snap up Mr Kipling owner’s ‘value meal’ brands like Batchelors and Nissin Premier Foods said it enjoyed a ‘strong’ first quarter in an update today The group said ‘good value meal’ options were proving popular with shoppers By Jane Denton For Thisismoney Published: 10:42 BST, 20 July 2022 | … Read more
Green jet fuel targets will push up cost of airfares: Rolls-Royce chief Warren East in stark warning to travellers By John-paul Ford Rojas For The Daily Mail Published: 22:27 BST, 19 July 2022 | Updated: 22:51 BST, 19 July 2022 Greener fuel on planes will make air travel and shopping more expensive, Rolls-Royce’s chief executive … Read more
Watchdog slaps Grant Thornton with a £1.3m fine over ‘serious failings’ in its auditing of Sports Direct By Daily Mail City & Finance Reporter Published: 21:54 BST, 18 July 2022 | Updated: 22:03 BST, 18 July 2022 The accounting watchdog has fined Grant Thornton £1.3million over ‘serious failings’ in its auditing of Sports Direct. The … Read more
Cut business taxes to boost growth and avoid an economic crisis, business leaders warn By Lucy White For The Daily Mail Published: 22:55 BST, 12 July 2022 | Updated: 22:55 BST, 12 July 2022 Britain faces an economic crisis and the next Prime Minister must focus on boosting growth, business leaders have warned. In a … Read more
More than 5m Britons have invested in bitcoin and crypto with some sitting on big gains but others on heavy losses By Lucy White For The Daily Mail Published: 00:00 BST, 6 July 2022 | Updated: 09:28 BST, 6 July 2022 More than 5m adults in the UK have owned a risky crypto asset, a … Read more
New Chinese owner of Nexperia says UK chipmaker will stay in Britain after controversial takeover By John-paul Ford Rojas For The Daily Mail Published: 00:01 BST, 6 July 2022 | Updated: 00:20 BST, 6 July 2022 The Chinese-owned company whose controversial takeover of a UK chipmaker is being reviewed by the Government has told MPs … Read more
Inland Homes losses widen amid contract costs – but the average selling price of its properties jumps to £263k Inland Homes saw pre-tax loss reach £8.2m in the six months ending 31 March Group’s average selling price for homes stood at £263k by the end of the period By Jane Denton For Thisismoney Published: 11:44 … Read more