27 January 2023 Pressure had been building on the group after it scrapped its dividend earlier this month The insurance group said on Friday that Penny James had agreed with the board that she would leave immediately and that Jon Greenwood, the chief commercial officer, would become…
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27th January 2023 Tullow Oil is keen to steer the focus away from the state of its balance sheet and towards the production it can generate from its oilfields in Ghana, Gabon and Kenya. Trumpeting leverage reduction and the chance of lower interest costs as the chief benefits…
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26th January 2023 Government ambitions to transform the UK into a hub for technology suffered another blow yesterday as Ascential, the FTSE 250 information and events group, announced plans to spin off its digital arm into a standalone company listed in New York. The break-up will see…
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24th January 2023 Despite domestic havoc, global price pressures are dropping off rapidly A Nice SurpriseAt the end of last week, we talked about how two main factors will shape the UK economy this year: employment and prices. In my unrelenting mission to look on the…
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24th January 2023 Hutchmed, the Chinese biotechnology group and one of the biggest companies on Aim, has struck a billion-dollar deal with Takeda, of Japan, to develop and commercialise its cancer treatment outside China. The licence agreement will give Takeda the exclusive rights to develop, manufacture and…
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23rd January 2023 The scale of the impact of the wave of rail strikes on London’s hospitality trade was laid bare today as shares in pub chain Fuller’s slumped after it revealed a £4 million hit from industrial action. In a trading update for 43 weeks to…
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21st January 2023 The merchant banking group Close Brothers has rattled its investors by warning that it expects to take a hit of as much as £183 million from its troubled litigation funding business. Shares in the FTSE 250-listed group fell 110½p, or 10.5 per cent, to…
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20th January 2023 Boohoo’s brands include PrettyLittleThing, Nasty Gal and Debenhams A warning has been issued over when fashion giant Boohoo will return to profit as it battles a sharp drop in sales. Shares in the Manchester-headquartered group fell this week after revealing its sales are…
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19th January 2023 AJ Bell, the Manchester-based investment platform, has made a solid start to its current financial year, it said in a trading update this morning. The quarter one figures showed that, in the Platform business, customer numbers increased by 8,713 in the quarter to close…
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19th January 2023 The latest companies news from Boohoo, Dr Martens, Harbour Energy and more elrose Industries (MRO) said that its soon-to-be demerged automotive business arm grew sales by around 6 per cent last year to £5.2bn, while operating profit increased by 21 per cent to around…
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18th January 2023 Rathbones Group, the wealth management business with a key operation in Liverpool’s Port of Liverpool Building, said it delivered a further quarter of sustained net inflows, with discretionary and managed net inflows totalling £347m in the fourth quarter of 2022 – an annualised growth rate…
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18th January 2023 IOG has encountered further setbacks at its Southwark field as low flow rates and produced water volumes slow progress. In an operational update on Wednesday the gas-focused producer said hydraulic stimulation at its A2 well had been completed but its clean-up phase had taken…
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