By This Is Money Updated: 12:12 EDT, 17 June 2024 The FTSE 100 closed down 4.71 points at 8142.15. Among the companies with reports and trading updates today are Kingfisher, Hikma Pharmaceuticals, AstraZeneca, and Shawbrook Bank. Read the Monday 17 June Business Live blog below. > If you are using our …
Read More »British manufacturers’ confidence at highest level in a decade as businesses hail ‘concrete signs’ of turnaround
By Emily Hawkins Updated: 02:38 EDT, 17 June 2024 British manufacturers’ confidence is at its highest level in a decade as businesses hail ‘concrete signs’ of an economic turnaround. A closely watched survey of firms has revealed a rebound in companies’ hopes about their growth prospects. Both output and orders …
Read More »Michael Kors sees UK sales plunge as customers rein in their spending on expensive handbags and clothes
By John Abiona Updated: 07:21 EDT, 16 June 2024 Cutting back: Customers have reined in their spending on expensive handbags Michael Kors saw its UK sales plunge sharply last year as customers reined in their spending on expensive handbags and clothes. The US brand, which was set up in 1981, …
Read More »MARKET REPORT: French president Emmanuel Macron’s snap election rattles global markets
By Jon Hopkins Updated: 21:51, 14 June 2024 As Euro 2024 started in Germany last night, it was not just the football that was taking a kicking. Stocks across the region were also getting booted around the park, most notably those on the Paris bourse amid political uncertainty in France. …
Read More »BUSINESS CLOSE: Tesco sales grow; Crest Nicholson rejects Bellway offer; Pubs and brewers demand duty cut
By Harry Wise Updated: 11:56 EDT, 14 June 2024 Among the companies with reports and trading updates today are Tesco, Crest Nicholson, MP Evans and Keywords Studios. Read the Friday 14 June Business Live blog below. > If you are using our app or a third-party site click here to …
Read More »Labour vows to scrutinise Royal Mail bid: Manifesto plan puts £3.6bn deal in doubt
By Jessica Clark Updated: 17:03 EDT, 13 June 2024 Labour has vowed to ‘robustly scrutinise’ the Royal Mail takeover and give workers a ‘stronger voice’ in a pre-election pledge that throws the deal into doubt. In its manifesto, Sir Keir Starmer’s party promised to look into the proposed £3.6billion sale …
Read More »Brave Bison quits Mission Group takeover efforts
Brave Bison’s most recent deal valued each Mission Group share at 35.1p The firm said Mission rebuffed its efforts to have a ‘constructive dialogue’ By Harry Wise Updated: 09:56, 10 June 2024 Marketing firm Brave Bison has ended its pursuit of rival Mission Group following the rejection of its latest …
Read More »MARKET REPORT: Hangover for cider seller as boss makes shock exit
By John Abiona Updated: 16:50 EDT, 7 June 2024 Early summer is normally when cider sales start to spike as drinkers try to quench their thirsts. But for the seller of Bulmers and Magners this season could be one to forget. Today, the company’s shares plunged after its chief executive …
Read More »A first-class fiasco: Politicians set to wave through disastrous Royal Mail takeover
By Alex Brummer Updated: 17:00 EDT, 4 June 2024 Amid the furore of an election campaign, in which the desire to be seen as business friendly and pro-economic growth have been dominant themes, the future of the Royal Mail, a vital part of the nation’s infrastructure, barely has featured. The …
Read More »Private equity titan Blackstone raises bid for Hipgnosis music fund to 103p a share
By Leah Montebello Updated: 22:01, 3 June 2024 On song: Hipgnosis, which owns the rights to catalogues from the likes of Beyonce (pictured), at £1.25bn A private equity titan has sweetened its offer for Hipgnosis as it tries to get a takeover deal over the line. Blackstone upped its offer …
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