Latest News

Starmer announces resignation as PM and Labour Party leader


By Adam Cadle

Keir Starmer has announced his resignation as PM and leader of the Labour Party.

He said every decision he has made in office has been about "putting the country I love first"


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Castlelake not giving up on easyJet with new £4.7bn offer

Castlelake continues to circle around easyJet, taking its latest offer directly to shareholders after the airline's board rejected a third bid valuing the company at £4.7bn.

"Following the rejection of three proposals by the easyJet Board, and given its unwillingness to engage meaningfully, Castlelake is announcing this third proposal to enable easyJet shareholders to consider its merits and provide their views on the third proposal to the easyJet Board," Castlelake said in a statement

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Babcock shares drop as it reaffirms mid-term guidance

Babcock International has seen its share price fall by over 5% after it reiterated its medium-term guidance in its full-year results

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Asda FY25 losses near £1bn

Asda’s losses widened sharply in 2025 as aggressive price reductions, restructuring costs and falling sales pushed the supermarket deeper into the red during the early stages of its turnaround plan.

The UK’s third-largest supermarket reported a pre-tax loss of £989m for the year, up 65% from a £599m loss in 2024 and one of the company’s largest annual losses in recent history

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eEnergy shares plunge following guidance downgrade

Energy solutions provider eEnergy Group has seen shares tumble by almost 40% after the company downgraded its financial guidance for FY2026 when a review of its sales pipeline found previously expected opportunities had been overstated

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PPHE shares fall as Fattal talks end

Shares in PPHE Hotel Group have fallen by over 16% after the firm confirmed that acquisition talks with the Israeli hotel group, Fattal, have closed

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Intertek agrees to £10.7bn acquisition offer from EQT

Intertek has agreed to a takeover offer from the Swedish private equity firm, EQT, for an enterprise value of £10.7bn.

The offer for the FTSE 100 product testing and certification company comprises £60 in cash per Intertek share and £1.07 as a final dividend payment

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Marks Electrical revenue and profits fall in challenging year

Marks Electrical reported lower revenue and earnings for the year to 31 March despite an improved second half performance

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Tesco growth slows following ‘exceptionally strong’ prior year

Tesco has recorded 1% year-on-year sales growth in the 13 weeks to 30 May, totalling £16.8bn

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Whitbread reports stronger Q1 as new strategy gathers pace

Premier Inn owner Whitbread delivered a strong start to its financial year, reporting 2% growth in group sales to £727m as trading improved across both its UK and German hotel operations, a key strategic focus for the company

Bank of England base rate held at 3.75%

The Bank of England (BoE) has announced that interest rates will be held at 3.75%, the lowest bank base rate (BBR) since February 2023
FCA closes Drax investigation without action

Energy group Drax has been cleared by the Financial Conduct Authority (FCA) after the regulator closed its investigation into the company’s historical disclosures on biomass sourcing without taking further action
Barratt Redrow appoints Rebecca Napier as CFO

Barratt Redrow has appointed Rebecca Napier as CFO and executive director, with the former Britvic finance chief set to join the housebuilder, which is in the final stages of integration, on 3 August
CMA clears ABF-Hovis merger

The Competition and Markets Authority (CMA) has approved Associated British Foods’ (ABF) planned acquisition of Hovis following an in-depth phase two investigation.

The regulator said the deal does not raise competition concerns because ABF’s bakery business would likely leave the market if the transaction did not proceed.

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