Headline News
UK consumer confidence tumbles - GfK
UK consumer confidence fell sharply in September, a long-running survey showed on Friday, despite the more stable economic backdrop, as people nervously wait on next month’s Budget.
Next lifts profit guidance again to almost £1bn as sales soar
UK clothing retailer Next once again upgraded annual earnings guidance, with full year profits now expected to hit almost £1bn as recent full price sales “materially exceeded” forecasts.
Ashtead to implement new remuneration policy
Equipment rental specialist Ashtead Group said it would implement its remuneration policy, after failing to receive further feedback during a shareholder consultation.
Bank of England leaves interest rates on hold
The Bank of England left the cost of borrowing unchanged at 5% on Thursday, as widely expected, but hinted at further cuts to come.
EU competition regulator launches compliance proceedings with Apple
European Union competition authorities started proceedings against Apple on Thursday, in a bid to enforce compliance with regulations that mandate the company to open its proprietary ecosystem to competitors.
EU court rules in UK's favour over alleged illegal tax breaks
The European Union has overturned a court ruling against the UK relating to alleged tax breaks for multinational companies, it was confirmed on Thursday.
Close Bros agrees sale of asset management arm, reports solid year
Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.
Hill & Smith appoints Rutger Helbing as CEO
Hill & Smith said on Thursday that it has appointed Rutger Helbing as chief executive officer with immediate effect.
Bytes Technology hails strong first-half trading
Bytes Technology said on Wednesday that trading has remained strong since it updated the market at its annual meeting in July.