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Ofgem cuts returns from local electricity networks
Ofgem has cut returns for shareholders of UK local electricity networks by a third to keep prices low while requiring higher investment…
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Marston’s CEO Findlay to step down after 20 years
Pub chain Marston’s said on Thursday that chief executive officer Ralph Findlay plans to step down at the end of the financial…
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Rolls-Royce sticks to cash flow target after £4bn loss
Rolls-Royce reported a £4bn annual loss that was worse than expected but stuck to its prediction that it would start to generate…
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IG Group sees ‘exceptional’ trading during GameStop frenzy
IG Group’s revenue jumped in the third quarter amid high trading levels and a flurry of new customers in a period that…
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Ted Baker inks new territory licence deals
Fashion brand Ted Baker said on Thursday that it had secured new territory licence deals in order to enhance digital and asset-light…
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LondonMetric sells portfolio of six retail assets
LondonMetric Property has sold a portfolio of long income assets to S&P 500 real estate investment trust Realty Income for £40.9m, it…
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Europe open: Shares make wary start to session ahead of ECB meeting
European shares rose slightly at the open on Thursday after Congress approved the $1.9trn Covid stimulus package with investors keeping a wary…
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Go-Ahead lifts full-year expectations
Rail and bus operator Go-Ahead Group reported a fall in first-half profit on Thursday as fewer people used public transport due to…
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Derwent London earnings fall in ‘unprecedented’ year
Derwent London reported a negative total return of -1.8% in its full-year results on Thursday, swinging from a positive 6.6% in 2019,…
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Helios Towers narrows FY losses as revenues grow
Telecommunications infrastructure company Helios Towers said on Wednesday that full-year adjusted underlying earnings and group revenues had both increased during the twelve…
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