Building Northern Powerhouse Rail (NPR) risks repeating the failures of HS2 with “no convincing plan” to deliver it within a £45bn budget, an influential committee of MPs has warned. The government announced in January its commitment and funding for the NPR project to connect cities across the nort…
The Canadian bank said Halfords delivered a solid performance in FY26, with improved execution across retail and autocentres driving gross‑margin expansion to a decade high and supporting resilient profit growth despite cost inflation.Group revenues rose 2.9% to £1.76bn, up 4.8% on a like‑for‑like…
AJ Bell analysts Russ Mould and Danni Hewson said ABF’s trading statement will give investors a first read on the group’s expected second-half recovery and how a later start to the spring/summer season impacted sales trends at its fashion arm Primark."CEO George Weston said shareholders were suppor…
In a written ministerial statement, culture secretary Lisa Nandy said she had contacted both parties to inform them she was "minded to intervene" in the blockbuster deal.She continued: "I am conscious that the proposed acquisition is global in nature. In reaching this decision, my focus has been, a…
The year-on-year change in the consumer price index decreased to 2.3% this month, down from 2.6% in May, Destatis reported on Tuesday.This was below the consensus forecast of 2.5% and the second straight fall after hitting a two-year high of 2.9% in April. June's reading was the lowest rate seen si…
Howle, who has had a 26-year career at BP and was also head of trading, was appointed deputy CEO in April.The oil giant also said that Kerry Dryburgh, executive vice president of people, culture & communications, has decided to leave the company after 16 years later in the third quarter.Sam Skerry…
Barkshire, who will take over from Philip Dudderidge in July, purchased the shares on Monday at an average price of 200p each, for a total price of £174,560.As of 1530 BST, Focusrite shares were up 11.95% at 223.90p.Reporting by Iain Gilbert at Sharecast.comTop Director BuysFocusrite LSE:TUNEDirect…
In a briefing with analysts after markets closed on Monday, the firm backed its full-year guidance, pointing to good order momentum continuing from the second quarter.According to Citi, the firm's comments imply third-quarter group orders of €17.7bn, some 4% ahead of the current consensus estimate…
City AM cited sources as saying that Ebury - which is majority-owned by Santander - is in talks with Pollen Street over a potential bid for Lumon that could value the company at more than £100m.It was understood that bankers at Canaccord Genuity were drafted in by Pollen Street to run a sale proces…
Nicholas Godec of S&P Dow Jones Indices said inflation running at 3.8% meant values had now fallen in real terms for an 11th straight month, continuing the erosion of inflation‑adjusted housing wealth. Godec said geographic dispersion remained marked, with the Midwest and Northeast still showing mo…
The Canadian bank said Halfords delivered a solid performance in FY26, with improved execution across retail and autocentres driving gross‑margin expansion to a decade high and supporting resilient profit growth despite cost inflation.Group revenues rose 2.9% to £1.76bn, up 4.8% on a like‑for‑like…
The AIM-traded company said SRK Consulting was reviewing the existing JORC mineral resource and historic data, while NIRAS was assessing engineering and infrastructure options and BioApp was set to carry out environmental baseline studies in August.Theia X will also undertake satellite remote sensi…
Shares in the London-listed property investment and development firm surged last week after it rebuffed a £12.6bn takeover approach Prologis, arguing that it fell "a long way short" in terms of valuation.Segro said on Tuesday that the approach was "inadequate, opportunistic and one-sided".Under the…
Speaking at Malloy Aeronautics, outgoing prime minister Keir Starmer said the long-delayed defence investment plan (DIP) would prioritise the public’s security while "transforming our armed forces and giving them the funding and equipment they need to fight and defend our nation".He continued: "The…
The bank group said taking control of the 1m-square-foot building supports the ongoing investment in its workplace as working patterns and business needs continue to evolve.One Churchill Place, which has served as Barclays' global HQ since 2005, was on a previous lease term that runs to just 2039.T…
The AIM-traded company said the audit process was at an advanced stage and that unaudited 2025 performance remained in line with guidance issued in February.Revenue rose 3% to $234.8m, while cash collections increased 12% to a record $278.0m.Adjusted EBITDA fell to $124.2m from $181.2m, reflecting…
The claim is being brought by Mark McLaren, the proposed class representative of the Home Owners Collective Action, against Bellway, Redrow, Berkeley Group, Persimmon, Taylor Wimpey and Vistry Group as well as privately-owned Bloor Homes and Countryside Partnerships.The claim states that housebuild…
The AIM-traded company agreed in October 2024 to sell Rockhopper Civita, which holds all of its Italian assets and liabilities except for the Ombrina Mare arbitration.Approval from the Falkland Islands Government has been received, but Italian regulatory consent remained outstanding as at 30 June 2…
The AIM-traded company said the study estimated an after-tax NPV of $660.3m and IRR of 59.6% at its base-case tungsten price, with after-tax free cash flow of $1.06bn over an initial eight-year mine life and payback in one year.At the 12 June spot price, the project’s after-tax NPV rose to $1.37bn…
The seasonally adjusted unemployment rate was 6.3% this month, according to figures from the government labour office on Tuesday, in line with analysts' expectations.The adjusted jobless rate briefly hit a six-year high of 6.4% in April before falling back to 6.3% last month, a level that it has st…
