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ITV warns of weaker advertising outlook


By Goran Nastic

Broadcaster ITV warned that advertising revenues would decline by up to 10% in the fourth quarter, triggering £30m of additional cost savings.

Total advertising revenue (TAR) at its Media & Entertainment (M&E) division, which is being sold off to Sky, is expected to fall by between 5% and 10% in the final three months of 2026, leaving full-year revenue down around 2% to 3%


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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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Hargreaves Lansdown opens UK retail offer for Anthropic IPO

Hargreaves Lansdown has opened applications for UK retail investors to participate in the proposed of AI giant Anthropic, which is targeting a valuation of more than $1.3tn

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Fuller’s profit jumps 25% in H1

Fuller’s has seen its adjusted profit before tax increase by 25% year-on-year in the six months to 26 September, totalling £28.2m

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Taylor Wimpey expects to reach lower end of operating profit guidance

Taylor Wimpey has said that it expects its adjusted operating profit to be at the bottom end of its consensus range, following a subdued Autumn selling season

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Vodafone updates guidance in HY results

Vodafone has increased its earnings guidance range to between €13.2bn and €13.4bn in the full-year after recording an 11.4% rise in its revenue, which totalled €21.9bn in the six months to 30 September

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M&S doubles dividend as retailer sets ambitious growth targets

Retailer Marks & Spencer has set out ambitious medium-term growth targets and pledged to double its dividend as it seeks to build on the turnaround achieved over the past four years

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Jet2 to list on main market in early December

Jet2 expects to complete its move from AIM to the London Stock Exchange Main Market on 8 December, potentially paving the way for inclusion in the FTSE 250

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Barclays expands Middle East presence with new Riyadh office

Barclays has opened a new office in Riyadh’s King Abdullah Financial District (KAFD) as it expands its investment banking and markets operations in Saudi Arabia

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Travis Perkins divests from Toolstation Benelux

Travis Perkins has agreed to divest its Toolstation Benelux business as a standalone entity for cash consideration of €1 to Fidelium Partners

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Thames Water secures £12bn creditor backing for debt extension

Thames Water has secured support from creditors representing more than £12bn of secured debt for a proposed restructuring that would extend the maturity of billions of pounds of borrowing by a year, giving the embattled utility more time to negotiate a wider recapitalisation

SRT Marine Systems profit jumps 650%

SRT Marine Systems has reported a 650% year-on-year increase in its profit before tax, totalling £10.7m in the year to 30 June
Vistry cuts jobs and reshapes business amid tough conditions

FTSE 250 housebuilder Vistry Group, which recently appointed a new CFO, is pushing ahead with a sweeping restructuring programme aimed at reducing debt, simplifying operations and restoring profitability
BoE raises interest rates to 4%

The Bank of England (BoE) has raised interest rates by 0.25% to 4%, as it attempts to contain rising inflation driven by higher energy prices and disruption to global supplies.

The Monetary Policy Committee (MPC) voted eight to one in favour of increasing the base rate to 4%


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