Sir Keir Starmer's defiant insistence that he will not stand aside as prime minister has shifted the UK political backdrop into a higher register of risk, leaving financial markets bracing for an extended period of domestic uncertainty. After a turbulent weekend of briefings, denials …
Shares in Intertek surged on Tuesday after Swedish private equity group EQT Partners returned with an improvedTakeoverproposal valuing the FTSE 100 testing, inspection and certification specialist at around £9.4 billion. The revised offer represents a meaningful increase on EQT's earlier indicative approach and intensifies …
London's benchmarkindex/">FTSE 100 Indexslumped sharply on Tuesday as investors reacted to a sobering combination of renewed geopolitical risk in the Middle East and a deepening political crisis at home. The index, which had begun the week on a cautiously optimistic footing, gave up its …
Imperial Brands, the Bristol-based FTSE 100 tobacco and next-generation products group, reaffirmed its full-year financial outlook in a trading update on Tuesday but warned that an escalation of the conflict involving Iran could push key input costs and shipping rates higher. The cautious commentary …
Morgan Stanley has trimmed its rating on Trustpilot, the London-listed consumer-reviews platform, arguing that the rally in the shares over recent months has now substantially priced in the benefits of the company's artificial-intelligence-driven roadmap. The downgrade, from overweight to equal weight, marks a notable …
UK retail sales weakened in the latest period, providing further evidence that British consumers are pulling back amid mounting economic and political uncertainty. The latest data, from a combination of official statistics and major industry indicators, points to a softer pace of spending growth …
EY, one of the Big Four professional services firms, cut its forecast for UK economic growth in its latest set of projections on Tuesday, citing renewed energy-cost pressures and a more cautious tone among households and businesses. The reduction in the headline GDP estimate …
Wizz Air, the Budapest-based London-listed ultra-low-cost airline, signalled on Tuesday that it expects to break even at the operating level over the current financial year, marking an important inflection point after a period of operational and financial pressure. Management used a closely watched trading …
Shares in On The Beach Group, the Manchester-headquartered online beach holiday specialist, tumbled on Tuesday after the company's much-anticipated return to formal earnings guidance failed to live up to the high expectations baked into the share price. The stock had rallied strongly in the …
Greggs, the Newcastle-headquartered high-street bakery and food-to-go specialist, brushed aside concerns about renewed cost pressures on Tuesday as it reported a continued rise in like-for-like sales. The latest trading update marked a reassuring step forward for one of the UK's most closely watched consumer-facing …