News

M&S warns cyberattack may cost GBP300 million despite earnings rise
(Alliance News) - Marks & Spencer Group PLC on Wednesday warned that the recent cyberattack that it suffered could reduce ...
Hammerson completes Brent Cross acquisition; guides for income growth
(Alliance News) - Hammerson PLC on Wednesday said it has now substantially completed its acquisition of Brent Cross shopping ...
SSE reports double-digit profit decline as price volatility weighs
The earnings decline was partly driven by "wider economic turbulence and the expected normalisation of commodity price ...
LONDON BRIEFING: M&S warns of GBP300 million hit from cyber chaos
Neither of those is good news for the government's growth agenda - which, despite surprisingly strong GDP growth in recent ...
LONDON MARKET CLOSE: Stocks mixed while hot CPI sends sterling higher
In New York on Wednesday, stocks were mixed. At the time of the London close, the Dow Jones Industrial Average was down 0.8%, the S&P 500 was down 0.2% and the Nasdaq Composite was up 0.3%.
Tortilla Mexican Grill annual loss widens on one-off acquisition costs
This was partly driven by one-off costs relating to its acquisition of Fresh Burritos in June, Europe's second largest fast-casual Mexican restaurant group. The GBP4.0 million takeover had been part ...
Severn Trent ups payout; annual profit surges amid higher water bills
Severn Trent proposed a final dividend of 73.03 pence per share, up 4.2% from 70.10p a year ago. This brings the total payout for financial 2025 to 121.71, up 4.2% from 116.84p.
UPDATE: Kendall says UK welfare reforms will address "economic crisis"
In a speech in London, Kendall said: "We are the only economy in the G7 whose employment rate still hasn't returned to pre-pandemic levels and spending on sickness and disability benefits in most ...
UK consumer price inflation rate tops forecast and picks up to 3.5%
The pace of annual consumer price inflation accelerated to 3.5% in April, from 2.6% in March, topping the FXStreet cited consensus of 3.3%. The last time the rate of inflation was higher was back in ...
Zigup shares rise as expects to beat market expectations
Zigup PLC on Wednesday said hire lengths have "substantially" moderated from post pandemic tailwinds, as it started its new financial year with confidence for underlying growth opportunities. The ...
Foresight Solar Fund says generation ahead of forecasts for 2025
(Alliance News) - Foresight Solar Fund Ltd on Wednesday said its electricity production in the UK was ahead of its budget at the start of 2025 due to strong irradiation.
LONDON MARKET OPEN: Slow start in Europe; retailers struggle in London
In London, M&S shares fell 2.3%. It warned of a GBP300 million to hit to profit in its new financial year following a cyber incident, marring annual earnings. Revenue rose for the year to March 29, ...