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Kingfisher upgrades guidance after stronger first-half performance


By Goran Nastic

B&Q and Screwfix owner Kingfisher reported stronger first-half profits and upgraded its full-year outlook, sending shares up around 10% in early trading today


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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Paramount settles with US states to clear key WBD hurdle

Paramount Skydance has cleared a major regulatory hurdle to its proposed $111bn merger with Warner Bros Discovery (WBD) after reaching a settlement with 12 US states that had sued to block it, and now expects the deal to close in the next few weeks

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JD Sports enters Mexican market through new partnership

JD Sports has announced a new franchise partnership with the multi-brand omni-channel retail distributor, Axo, marking its entry into the Mexican market

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Rentokil agrees $230m sale of aquatic business to Bain Capital

Rentokil Initial has agreed to sell its US aquatic management business SOLitude Lake Management and its Vertex Aquatic Solutions division to private equity firm Bain Capital for $230m, as part of a further simplification of the FTSE 100 group's portfolio

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Mothercare shares plummet as it expects Middle East closures

Shares in Mothercare have dropped by almost 68% after stating that its leading Middle East franchise partner is reviewing its stores, in light of the “ongoing situation in a number” of its territories.

The British heritage brand stated that while this review is yet to conclude, it is anticipating the closure of the "substantial majority" of its franchised stores in the region in 2027

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Record plc announces new CFO

Record has announced that it has appointed Albert Soleiman as its new CFO, effective from 28 September

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Hg deepens Anthropic partnership to expand agentic AI across portfolio

The partnership will see Hg Catalyst, the private equity firm’s AI product incubator and wider in-house AI team, work directly with Anthropic to deploy agentic AI across portfolio companies

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Craneware shares fall as it resets revenue expectations

Shares in Craneware have fallen by over 23% after the firm stated that its revenue expectations have been reset to the equivalent of $185m in the current financial year

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Heineken nearing £300m deal for 300 Stonegate pubs

Heineken’s pub business is nearing a deal to acquire around 300 venues from Stonegate, the UK’s largest pub group, in a transaction reportedly worth about £300m

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Revolut plans dual London and New York listing

Revolut is planning a dual stock market listing in London and New York, founder and CEO Nik Storonsky has confirmed

Harworth urges shareholders to reject Peel's revised takeover offer

Harworth Group has renewed its defence against a takeover approach from Peel Bidco, unanimously recommending that shareholders reject the bidder's revised £1.775 per-share cash offer after Peel's holding crossed the critical 30% threshold this week
Defence Holdings secures second UK govt contract

Defence Holdings has secured its second customer contract with the UK government, with delivery starting immediately
Next increases profit guidance in HY results

Next has increased its profit guidance for the full year by £12m to £1.25bn, as a result of a small upgrade in sales expectations and some additional cost savings.

In the six months to July, the fashion and homeware retailer saw its group sales increase by 9% year-on-year to £3.54bn, while its profit before tax jumped by 10.5% to £569m


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