Latest News

FCA launches probe into WH Smith following accounting error


By Dan McGrath

The Financial Conduct Authority has launched an investigation into WH Smith, following an accounting error in the retailer's North American division earlier this year.

WH Smith cut its profit guidance by £30m in August, leading to its share price falling by over 40%


Story 2

Bank of England cuts interest rates to 3.75%

The Bank of England (BoE) has announced a 0.25% cut to its base rate, bringing interest rates down to 3.75%, the lowest level since February 2023

Story 3

Currys’ shares jump as it reaffirms guidance

Shares in Currys increased by 9% in early trading after the electronics retailer maintained its guidance for the financial year

Story 4

Diageo sells Kenyan drinks business to Asahi for $2.3bn

Diageo has agreed to sell its 100% shareholding in Diageo Kenya to Japanese listed global beverage firm, Asahi, for $2.3bn

Story 5

Bunzl publishes ‘indifferent’ outlook in trading update

Bunzl has delivered what analysts have described as an "indifferent" outlook for 2026, after reiterating its profit guidance for the current financial year

Story 6

Next plans takeover of Russell & Bromley

Next is reportedly planning an acquisition or at least taking a stake in family-owned shoe retailer, Russell & Bromley

Story 7

Strix announces sale of Billi for £110m

Strix Group has agreed to dispose of its Billi business, comprising Strix Australia and each regional subsidiary, to Crescent Capital Partners for £110m

Story 8

LendInvest agrees £175m funding with HSBC and AB CarVal

LendInvest Mortgages has announced a new long-term development finance funding partnership with AB CarVal and HSBC

Story 9

Ofwat confirms Wessex Water's £11m enforcement package

Ofwat has issued Wessex Water with an £11m enforcement package after the utilities firm failed to operate its wastewater network adequately to ensure it could cope with sewage and wastewater flows

Story 10

Nationwide fined £44m for financial crime control failings

Nationwide has been fined £44m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems

Peel Ports pension scheme secures safe harbour with £230m buy-in

The trustee of the Peel Ports Final Salary Pension Scheme has completed a £230m buy-in with Pension Insurance Corporation (PIC), securing the pensions of around 2,000 members
Hollywood Bowl confirms record revenue for fourth year

Hollywood Bowl has reached its record revenue for the fourth consecutive year, increasing by 8.8% to £250.7m in the year to 30 September
Serica Energy acquires North Sea assets for £57m

Serica Energy has acquired a portfolio of Southern North Sea assets from Spirit Energy for £57m


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies