Union Jack said the deal, which was recommended by both boards, has a "compelling" strategic rationale, but added that it had no other proposals capable of providing the funding required to execute its strategy.The tie-up, which will see Union Jack shareholders receive 0.051 new Reabold shares for…
Berenberg said the deal, announced on 19 June, boosted the proportion of direct revenues, broadened LBG's client base, enhanced its creative capabilities and improved its value proposition with younger audiences.The German bank described the acquisition as financially accretive and lifted its earni…
The bank was founded in 1853 as the Halifax Permanent Benefit Building Society in West Yorkshire. It demutualised in 1997 before merging with the Bank of Scotland in 2001 to form HBOS, which was then taken over by Lloyds in 2009 after the financial crisis left it facing collapse.Halifax continued a…
The total remained 1.5% below the level seen a year earlier, with spending over the first five months of 2026 down 2.7% on the same period in 2025.Private‑sector construction was broadly unchanged at $1.67trn, with residential spending ticking up 0.3% to $930.2bn and non‑residential activity slippi…
Output and new orders continued to rise at historically strong rates, though both expanded more slowly than in May, while input costs rose sharply again, driven by higher raw‑material prices, but the pace of inflation softened from May's recent high. Selling‑price inflation also eased to a three‑mo…
Primark's third quarter like-for-like sales fell 2.2% as the Iran war and unseasonal UK spring weather hit consumer sentiment, AB Foods said in a trading statement on Wednesday. Shares in the company were down almost 4% on the news.Sugar revenue fell 4% on a combination of lower average selling pri…
The struggling retailer was acquired last year by Hobbycraft-owner Modella Capital after WH Smith sold its high street arm to focus exclusively on the travel business.Modella, which renamed the 234-year chain TG Jones, wants to turn the business around by closing up to 150 of the 451 stores alongsi…
The struggling retailer was acquired last year by Hobbycraft-owner Modella Capital after WH Smith sold its high street arm to focus exclusively on the travel business.Modella, which renamed the 234-year chain TG Jones, wants to turn the business around by closing up to 150 of the 451 stores alongsi…
East, who joined the board of ITM Power in October 2025, purchased the shares at an average price of 114.82p each, for a total value of £197,484.03.As of 1430 BST, ITM Power shares were down 1.75% at 129.60p.Reporting by Iain Gilbert at Sharecast.comTop Director BuysItm Power LSE:ITMDirector name…
Joulet develops power generation and high-voltage infrastructure for so-called "large load customers" in the US, helping them meet the boom in demand for artificial intelligence tools.National Grid said the investment was in line with its strategy to go after "select critical infrastructure growth…
Employment rose by 98,000 following an unrevised 122,000 jump in May, coming in below economists’ expectations for a 120,000 increase.Small businesses with fewer than 50 employees added 53,000 jobs, while medium businesses with between 50 and 499 employees added 29,000. Large business with more tha…
The company now expects FY27 net operating income of at least £550m, up from previous guidance of £460m to £480m, with EBITDA guidance of £250m.FY2027 guidance for operating expenses excluding variable remuneration of around £280m remains unchanged."The strength of this performance reflects the sca…
In the fourth quarter, General Mills said organic sales were broadly unchanged from last year, leading the group to report an operating loss of $2.1bn, down from the prior year's $3.3bn operating profit, reflecting non‑cash goodwill and brand‑intangible charges and a valuation loss linked to the pl…
The bakery chain has appointed Ben Waldron as CFO. He will join on 27 October as CFO designate and as an executive director. Waldron will then assume the role of CFO from 1 January 2027. Richard Hutton will stay on as CFO and executive director until 31 December 2026.Prior to joining Greggs, Waldro…
The joint venture between Virgin Media O2 parents Liberty Global and Telefonica and private equity firm InfraVia agreed to buy the Substantial Group-owned network earlier this year. At the time, Nexfibre said the deal would create an 8m home fibre network and challenge BT’s Openreach, the UK’s bigg…
European finance ministers approved the change to address mounting concerns over unfair domestic competition, widespread tax fraud, and massive carbon footprints.The volume of low-value international shipments entering the EU has risen exponentially, skyrocketing from 1.3 billion parcels in 2022 to…
Last week's flat reading comes as mortgage applications were also little changed during the period, with the benchmark fixed 30-year contract easing two basis points to 6.57%.Applications to refinance a mortgage, which are more sensitive to short-term changes in interest rates, eased by 0.6% week-o…
The AIM-traded mining services group, which operates gold recovery businesses in South Africa and Ghana serving the African and South American mining industries, said the guidance remained subject to year-end adjustments.At 1020 BST, shares in Goldplat were up 4.93% at 16.53p.Reporting by Josh Whit…
A flash reading showed the annual rate dropped sharply to 2.8% in June from 3.2% in May and coming in below the market consensus estimate of 3.0%.Energy costs fell to an 8.7% annual growth rate from 10.8% in May after renewed diplomatic progress and ceasefire discussions between the US and Iran eas…
The 50:50 JV is to develop and operate three major UK logistics parks in key locations, which, when fully-let, are expected to deliver a total of around 925,000 sq m of space, equating to an anticipated £135m headline rent and fully developed gross asset value of approximately £3bn.Segro plans to s…
