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FTSE 100 data giant Rex has reported a jump in sales growth as demand for its AI-powered products continues to rise, defying fears that the technology could threaten its business. The London-listed group, which owns legal research platform Lexisnexis, said on Thursday that underlying revenue rose seven per cent in the first nine months of
LSEG has upped its profit forecast for a second time as the operator of the London Stock Exchange confirmed plans to take on credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit
Shares in Sainsbury’s tumbled after the supermarket giant posted slowing sales growth and warned that shoppers are facing “tough” cost-of-living pressures. The UK’s second-largest supermarket saw its stock slide by nearly four per cent in early trading to 346p. This came despite the firm lifting the lower end of its full-year profit target from £965m
Barclays will wield the axe on some 5,000 jobs in its global headcount as the firm ramps up its cost-cutting targets and leverages artificial intelligence. The FTSE 100 bank’s reductions will cover five per cent of the group’s global workforce and are expected to be mainly concentrated in support functions, including developers. “They’re across the
A FTSE 100-listed landowner has shelved plans for a £1.5bn shopping centre project in South London after a local Green-run council refused to co-operate with the plans. Property giant Landsec, which owns Lewisham Shopping Centre, said it is “deprioritising” its plans to redevelop the site following a row with the local authority over affordable housing.
Natwest is facing backlash from trade union Unite over a new plan to require workers to attend the office for a mandatory two days a week. On Tuesday, Unite the Union, a trade union which represents over 1 million workers across private, public, and voluntary sectors, including some Natwest employees, said the lender’s decision was
A Cornish mining company is seeking to raise £135m in an attempt to finance the reopening of the historic South Crofty tin mine and end the UK’s reliance on foreign imports. Cornish Metals, which is backed by the National Wealth fund, is selling shares to major institutional and strategic investors, as well as UK retail
Mike Ashley’s Frasers Group has loosened its grip on Burberry, despite ramping up its pursuit of high-fashion names. The retail giant, which owns Sports Direct and Flannels, had built up a position in Burberry over recent weeks but has now faltered in its pursuit of the group. Frasers Group had increased its position in Burberry
London’s FTSE 100 closed down on Monday, dragged by Barclays, which fell after a report said that the Bank of England was probing the lender, while weakness in miners added further pressure. The blue-chip FTSE 100 index fell 1.1% to 10,764.69 points after three consecutive sessions of gains. The midcap FTSE 250 slipped 0.6%, snapping a six-day winning streak.
FTSE 100 leads Europe higher as bond markets calm
UK stocks ended higher on Wednesday, supported by a rise in healthcare and consumer staples sectors, which gained on a weaker sterling after data showed US inflation came in hotter than expected. The blue-chip FTSE 100 index closed up 0.7% at 10,724.86 points, while the midcap FTSE 250 edged up 0.1%. Stronger-than-expected US inflation reading supported the dollar, lifting risk appetite for sectors benefiting heavily from export revenues.
FTSE 100 closes higher despite hot US inflation
The turnover of FTSE 100 chief executives has tumbled to a five year low as companies choose to hold onto top leadership amid ongoing economic volatility. Executive churn this year is on track to fall to the second lowest level seen since 2012, according to data from AJ Bell, as boards opt for stability. Nine
European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector. The pan-European STOXX 600 was up 0.61% at 639.54 points by 0849 GMT, to its highest since October 6. London’s FTSE 100 rose about 0.8%, the biggest gainer among regional indexes, boosted by financials.
Premier Inn owner Whitbread has hit out at the activist investor seeking a seat on its board, claiming its proposals would be a “complete waste” of time and money. The FTSE 100 hospitality firm wrote to shareholders on Tuesday urging them to reject the plans put forward by Corvex Asset Management, one of the group’s
BP is bracing for a hit of up to $4.5bn after a hefty write-down in its energy transition unit, as the firm pivots away from aggressive green targets.The FTSE 100 energy giant told markets on Tuesday its third quarter update - set for the end of the month - would include a post-tax impairment charge in the range of $3bn to $4.5bn.“These charges are primarily attributable to transition businesses in the gas & low carbon energy segment,” BP...
UK’s FTSE 100 leads major markets higher, while EU-China agreement on hybrid vehicle imports supports sentiment
Britain’s FTSE 100 edged higher on Monday, buoyed by financials and medical equipment stocks as investors looked ahead to crucial US inflation data and UK GDP readings due this week for fresh insight into the economic outlook. The blue-chip FTSE 100 index rose nearly 1% to 10,656.28 points, while the midcap FTSE 250 climbed 0.47%.
Doubts surrounding US President Donald Trump's claim of an "energy ceasefire" between Ukraine and Russia, following his surprise announcement of a deal to buy diesel from Moscow, further unsettled investors. The post Oil Rises To $105/b As Trump Comments Roil Energy Markets appeared first on Channels Television.
Airtel Money will begin trading today on the London Stock Exchange in what is expected to be the largest initial public offering in the City for five years. The mobile payments firm has priced its shares at £1.96 apiece, which is expected to hand it a price tag of around £5.3bn. Existing shareholders, which include
Businesses could face a “raft” of “trivial” data protection claims if the Supreme Court rules compensation can be won for emotional distress or anxiety caused by data breaches without needing to prove any harm actually occurred, in a hearing set to conclude on Thursday. The case was originally brought by 432 current and former police
With Donald Trump's Republicans in danger of losing both houses of Congress, an escalation in the US-Iran conflict could put even more pressure on the president, with Americans already battling record-high diesel prices. The post US Stocks Decline As Oil Prices Rise Amid Iran War Worries appeared first on Channels Television.
Shares in Standard Life fell sharply on Thursday as Aberdeen revealed it would sell half of its remaining stake in the company, less than ten years after the messy merger between the two investment firms. Aberdeen will cut its stake to around 5.2 per cent per cent through a secondary placing, which will value Standard
Tesco has lifted its profit outlook after seeing a boost in online sales, as the UK’s largest supermarket said consumer confidence is proving “resilient” despite an “uncertain external backdrop”. The FTSE 100 grocer improved its lower-end operating profit target from £3bn to £3.15bn for the full year, leaving its top-end forecast at £3.3bn. Industry figures
The transfer window record that nobody expected
Global markets steady as central banks hold rates
A festival line-up built entirely by its own audience
Why every studio suddenly wants a video game adaptation
The radio show that turned a night shift into a phenomenon
Anemic Saints run game matches up vs. vulnerable Giants run defense
Aaron Judge makes Anthony Volpe’s importance clear after Yankees elimination
The pope goes under the knife, and a new dinosaur species is discovered: The news quiz
How Netflix’s Messy Transition Will Rock Hollywood: Looking at You, NBCU
Telehealth conference to address funding, infrastructure gaps
Renee Co sees ‘same modus’ in 2027 budget as past unconstitutional funds
Mariah Deborah makes Billboard history with ‘Na Para Bang’
Nadeen Ayoub: ‘Investing in yourself is not something to feel guilty about’
Cainta LGU closes down eatery for dumping used oil into canal
P680-K shabu seized at Pasay cargo warehouse
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