Santander announces new buyback as profit jumps
Spanish banking giant Santander has today reported a bumper set of numbers for 2024 thanks to higher income from its retail banking business and lower costs. For the year, the group reported a profit
Great ‘British success story’: Howden Insurance breaks £3bn barrier
Howden Insurance is a "phenomenal British success story," its boss David Howden told City AM after the insurer announced it broke the £3bn revenue barrier
Google parent firm Alphabet drops pledge on using AI tech for weapons and surveillance
Google’s parent company Alphabet has removed its commitment to avoiding artificial intelligence (AI) applications for weapons and surveillance from its ethical guidelines. The tech behemoth stressed
UK fund investors give government’s growth plans a ‘clear thumbs down’
British investors continued to flee London’s stock market in January in a “clear thumbs down” to the government’s growth agenda, according to a closely watched funds survey. UK-focused equity
LK Bennett: Luxury fashion brand loved by Princess of Wales slumps into the red
LK Bennett, the luxury fashion brand loved by the likes of Catherine, Princess of Wales, has slumped into the red. The London-headquartered retailer has reported a pre-tax loss of £3.1m for the 12 mo
Jack Wills: Job cuts continue as fashion brand halves in size
Profit has continued to fall at fashion brand Jack Wills, which is owned by Mike Ashley’s Frasers Group, as more jobs were cut and stores closed during its latest financial year. The company’s hea
Retail start-up loans rise as entrepreneurs defy UK high street gloom
Start-up loans for retail businesses rose by a fifth last December, with entrepreneurs still determined despite the gloom surrounding the sector, according to new figures. In December 2023, 32 loans w
UK new car market stalls as weak consumer confidence bites
New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrat
Kay Burley: Broadcaster quits Sky News after almost four decades
Broadcast titan Kay Burley has announced her retirement from Sky News after 36 years at the helm. The legendary news presenter was part of the original news team which launched in 1989, meaning her ca
Future: Marie Claire owner hits expectations despite ad struggles
Publisher Future plc reported it is trading in line with market expectations for the first four months of its financial year, despite ongoing challenges in the UK advertising market. The media group,