Full List Of Stories
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
London pre-open: Stocks seen down as BoJ ends negative interest rates
London stocks were set to fall at the open on Tuesday as investors mulled policy announcements from the Bank of Japan and Reserve Bank of Australia, and looked ahead to a key UK inflation reading this week.
Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch
P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4. 87 an hour – even lower than the £5. 15 an hour the company suggested was its lowest pay rate – an analysis of recent payslips conducted by the Guardian and ITV News suggests.
FTSE 100 movers: Phoenix under the cosh; Reckitt recovers
London’s FTSE 100 was down 0. 1% at 7,721. 31 in afternoon trade on Monday.
RBC Capital downgrades Centrica
RBC Capital Markets downgraded British Gas owner Centrica on Monday to ‘sector perform’ from ‘outperform’ as it revisited the company’s capex opportunities and assessed where it now stands on future growth options.
Phoenix Group to report one-off £70m provision in results - report
Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.
London midday: Stocks edge up ahead of rate decisions
London stocks had edged higher by midday on Monday as investors eyed rate decisions this week from the Bank of Japan, the Federal Reserve and the Bank of England.
London open: Stocks steady as investors eye rate decisions
London stocks were steady in early trade on Monday as investors eyed rate decisions this week from the Bank of Japan, the Federal Reserve and the Bank of England.
Naked Wines drafts in Interpath Advisory amid tough trading - report
Naked Wines slid on Monday following a report the online wine retailer has drafted in debt advisers to explore refinancing options amid tough trading conditions.
British Land sells 50% stake in former Meta HQ to Royal London
British Land said on Monday that it has sold half its stake in London office 1 Triton Square - the former HQ of Facebook owner Meta - to Royal London Asset Management.
Pfizer to cut stake in Haleon to 24% from 32%
Consumer healthcare company Haleon said on Monday that Pfizer plans to sell around 630m shares in the company in a public offering.
Marshalls downgrades FY outlook, cites 'challenging end markets'
Marshalls downgraded its profit and revenue outlook for 2024 on Monday and posted a slump in full-year profits and revenue as the landscape products manufacturer was hit by "challenging end markets".
London pre-open: Stocks seen up as investors mull house price, manufacturing readings
London stocks were set to rise at the open on Monday as investors digested the latest readings on house prices and manufacturing, and eyed a UK inflation print and a policy announcement from the Federal Reserve on Wednesday.
Monday newspaper round-up: Mike Lynch, London population, heat pumps
A record 6. 7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt. A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose to 29% among 18- to 24-year-olds and a quarter of 25- to 34-year-olds. – Guardian.
Currys slides as JD.com says it won't make an offer
Currys slumped on Friday as it said Chinese ecommerce giant JD. com does not plan to make an offer for the London-listed electricals retailer.
Reckitt Benckiser tumbles on baby formula compensation woes
Reckitt Benckiser tumbled on Friday amid concerns about baby formula compensation.
FTSE 100 movers: IAG flies higher on upgrades; Reckitt tumbles
London’s FTSE 100 was up 0. 1% at 7,747. 0 in afternoon trade on Friday.
French shipping firm CMA CGM in exclusive talks to buy Altice
French shipping firm CMA CGM said on Friday that it has entered into exclusive talks to buy telecoms group Altice for an enterprise value of €1. 55bn.
London midday: Stocks edge up as IAG flies higher on upgrades
London stocks had edged higher by midday on Friday in quiet trade, with IAG and Vodafone leading the charge, as investors continued to mull another hotter-than-expected US inflation reading.