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- Feed Preview Markets Articles | Mail Online
Big Four auditors fined £9m for the London Capital & Finance mini-bond crisis
London Capital & Finance raked in £237m from 11,625 savers - many of them retired and elderly - before going bust at the start of 2019.
MARKET REPORT: Rate hopes send Footsie to another record high
On another record-breaking day on the stock market, the blue-chip index rose above 8300 for the first time to an all-time high of 8335.
Zalando has sporting chance of summer boost after swinging back into the black
Zalando, which sells brands such as Nike and Sweaty Betty, thinks business will be boosted by the Euro 2024 football tournament.
Online trading platform Plus500 suffers fourth consecutive revolt over fat-cat pay
At its annual general meeting yesterday, Plus 500 said two-thirds of participating shareholders opposed its remuneration report.
Boost for City as BP vows to keep its London listing - but profits at oil giant tumble 45% to £2.2bn
BP chief exec Murray Auchincloss (pictured) said leaving the City is not on the agenda as he comes under pressure to close the gap with Shell.
Saudi Aramco to pay £100bn dividend to help fund city of the future
A desert mega city is one of a series of projects that Saudi's crown prince hopes will make the kingdom's economy less dependent on oil.
Disney+ streaming service finally turns a profit as cost cutting efforts bear fruit
Disney posted a profit of £37m for its Disney+ arm - which makes shows such as Only Murders In The Building (pictured) in the first three months of 2024.
MP condemn woke ESG debanking as 'legitimate' firms are denied accounts
A report on banking services for small companies took aim at the 'unfair' practice of denying accounts to legitimate businesses.
BUSINESS LIVE: BP profits slump 72%; Wayve raises more than $1bn; Retail sales sink in April
The FTSE 100 hit a new record close at 8313.67 - and a new intraday high at 8,335.68 earlier in the session. Among the companies with reports and trading updates today are BP, Wayve and IWG.
IWG continues cutting debts ahead of potential US listing
The office space provider reported group revenue flatlined at $912million in the first three months of 2024, while system-wide turnover grew by 2 per cent to $1.04billion (£820million).
Octopus Energy valuation grows to more than £7bn as backers up stake
Octopus Energy is now worth more than £7bn after two of the group's biggest shareholders upped their stakes in the business.
Retail sales hit by wet weather and early Easter bank holiday
The latest British Retail Consortium (BRC)-KPMG Retail Sales Monitor revealed sales dropped by 4 per cent year-on-year in the four weeks ending 27 April, against 5.1 per cent growth in 2023.
Could the Bank of England leapfrog the Fed and cut interest rates first?
The BoE has so far followed the Fed's lead - but markets are starting to consider whether we might start to see divergence between the US and other central banks.
Britain 'must lay out red carpet' to retain top tech firms
Suranga Chandratillake says he fears that start-ups being bought up by foreign predators or listing overseas could see none left in British hands.
How Britain's big water firms are drowning in sea of debt
The sheer amount of borrowing already threatens to engulf Thames Water, the UK's largest supplier, which is scrambling to agree a fresh rescue plan.
House prices to jump 2.5% as economy brightens and mortgage rates fall, says Savills
Savills' forecast is the latest to take a more upbeat view. Lloyds, Britain's biggest mortgage lender, also recently said it saw prices rising this year.
MPs set to grill FCA boss Nikhil Rathi on 'name and shame' plan
Rathi (pictured) will be questioned over the proposals - which have provoked a fierce backlash - at the Commons Treasury select committee.
Attacks in the Red Sea are escalating, warns shipping giant Maersk
Container vessels have been rerouted around the southern tip of Africa since to avoid attacks by Iranian-backed Houthi militants in the Red Sea.
Greg Clark urges officials to roll out red carpet to convince Unilever to list ice cream arm in London
Ministers and Stock Exchange bosses should take an 'activist approach' to ensure the UK doesn't miss out to Amsterdam or New York, according to Tory MP Greg Clark.
Billionaire Czech Sphinx bidding for Royal Mail 'would not slash jobs' if he succeeds
Daniel Kretinsky is preparing to table a new takeover offer ahead of a May 15 deadline.
London's Alternative Investment Market sees liquidity plunge as investors turn to the US
Companies on the AIM have suffered a 15.4% fall in the average value of the daily trading of their shares, underscoring wider concerns about the UK stock market.
Shipping firm Clarksons set for EIGHTH pay revolt as boss Case gets £12m pay packet
Case received a bonus of £10.4 million. It makes him one of the highest paid bosses of any firm listed on the London stock market.
Disney set to report jump in profits just weeks after boss Bob Iger won boardroom battle with Nelson Peltz
City and Wall Street experts predict Disney will report a profit of around £3.6 billion for the six months to March, thanks in part to a cost-cutting programme.
Secrets of the new King Charles bank notes that took ten years to create
We have been granted an exclusive invitation to the Bank of England's inner sanctum where His Majesty's high-tech money was designed.
Baroness Bowles: Nationwide using sneaky tactics to avoid Virgin vote
The building society is denying its 16 million members a say on the deal that would create Britain's second biggest savings and loans group.
MARKET REPORT: Growth across Italy and Spain help Trainline post a big leap in annual sales and profits
The online rail ticket selling platform saw its full year revenue jump by 21 per cent to £396.7m as ticket sales rose 22 per cent to £5.3billion.
Competition watchdog sounds alarm over Pennon's takeover of Sutton and East Surrey Water
The Competition and Markets Authority said the deal could undermine Ofwat's authority as water regulator by wiping SES from its dataset.
Glencore plotting a takeover offer for Anglo American that would spark a bidding war with rival BHP
The mining giant's top brass are weighing up an approach for Anglo after the London-listed miner rejected BHP's £31billion bid.
Shares in owner of make-up company Charlotte Tilbury lose their early shine on stock market debut
Barcelona-based Puig Brands - which also owns Carolina Herrera and Jean Paul Gaultier - listed at €24.50 a share in Madrid.
Apple adds more than £145bn to its value after unveiling largest share buyback in corporate history
The iPhone maker saw shares jump more than 7 per cent as it revealed it will spend £88billion buying its own stock back from investors.
HSBC's chairman jeered by furious former staff who say bank is unfairly clawing back a chunk of their pensions
Mark Tucker faced boos and repeated interruptions from campaigners at the bank's annual general meeting in London.
BUSINESS LIVE: IHG's first-quarter revenues rise; Diageo appoints new finance boss; Trainline doubles profits
Among the companies with reports and trading updates today are Intercontinental Hotels Group, Diageo, Asda, Future, Hostmore, and Trainline.
Debt-laden Asda strikes huge £3.2bn refinancing deal
The firm said it finalised refinancing on over £3.2billion of its £3.8billion debt, which was mainly accumulated when the Issa brothers and private equity giant TDR Capital bought the group.
Trainline shares steam ahead as it doubles profits amid European expansion
The FTSE-250 listed company reported that its operating profits rose from £28million to £56million in the year to the end of February.
Novo Nordisk can't keep up with demand as sales of its weight-loss drugs soar
The Danish company's revenues have surged thanks to an explosion in popularity for its diabetes and obesity drugs Ozempic and Wegovy.
Apple reports 4% fall in quarterly sales as it suffers downturn in China
The iPhone maker's revenues for the three months to the end of March fell to £72.4bn but were better than analysts had feared.
BHP boss in South Africa to drum up support for takeover of rival Anglo American
BHP chief exec Mike Henry (pictured) raced to hold urgent discussions with officials amid fears a megadeal could be derailed.
Russian energy giant Gazprom sees gas sales more than halve in fallout from war in Ukraine
Gazprom lost £5.5bn last year as sales to Europe more than halved. Shares in fell 3.3%, with losses far higher than the £3.9bn predicted by analysts.
Lords call in FCA chief Nikhil Rathi over plan to 'name and shame' firms it is investigating
Nikhil Rathi (pictured) has been summoned to appear before a parliamentary committee as it launched an inquiry into the proposals.
Tiktok and Universal settle dispute over royalties and AI-generated music
Universal, which controls a third of the world's songs, including hits by Olivia Rodrigo (pictured), pulled millions of tracks from TikTok in February.
MARKET REPORT: Cheers! Nightcap in talks to buy Revolution bars
In January, Revolution Bars announced that eight sites would be shut and has said up to a quarter of its 80 venues, could be closed.
Peloton boss Barry McCarthy throws in the towel as fitness firm plans to cut 15% of staff
Peloton's chairwoman Karen Boone and director Chris Bruzzo have replaced McCarthy (pictured), who had been in the job for two years.
Ajay Banga vows to build better World Bank: But is he the wrong man for the job?
The resilience of global economy as it recovers from the twin shocks of Covid and Russia's war on Ukraine has been remarkable.
Standard Chartered beats profit estimates as higher interest rates boost income
Bank saw a 6% increase in reported pre-tax profit of $1.9billion in the first quarter, compared with $1.81billion the previous year and beating analyst estimates of $1.4billion.
BUSINESS LIVE: UK outlook worsened; Shell beats forecasts; Standard Chartered buoyed by higher interest rates
Among the companies with reports and trading updates today are Shell, Standard Chartered, Melrose Industries and Apple.
I'm 'very well paid', says Glaxo boss Emma Walmsley
Dame Emma Walmsley (pictured), who earned £12.7m in 2023, said she felt 'really good' about ithe drugs giant's ability to retain talent.
Hiscox reports rise in premiums - but warns of 'moderate' loss from fallout of Baltimore Bridge crash
In the first three months of the year, total insurance contract written premiums (ICWP) increased 8.3% to $1.5billion.
Smith & Nephew rocked as 43% of investors rebel over fat cat pay
In what amounted to a bloody nose for the FTSE 100 firm, 43% of investors voted against raising Deepak Nath's maximum earnings to £9.4m.
The £80bn takeover feeding frenzy: Bids for UK firms soar
Overseas buyers accounted for £63bn, or more than 80% of takeover offers in the UK from January to April, according the London Stock Exchange.
US drugs giant Pfizer posts a drop in sales in a post-Covid vaccine slump
Pfizer reported revenues of £11.9bn for the first three months of 2024, down a fifth year-on-year, as it tries to regain its footing post-Covid.
Pandol and Advil maker Haleon hurt by milder flu season
Demand for its cough and cold medicines took a hit, and it noted particularly poor performances for its ibuprofen brand Advil in Canada.
US Federal Reserve forced to calm fears over rate hikes
Fed chief Jerome Powell (pictured) said a hike was 'unlikely' but made clear that if inflation continues to move 'sideways' rates will not be coming down.
Mulberry sales plunge as slower demand casts a shadow over the luxury industry
Mulberry is the latest to be hit with sales over the year to March 30 falling 4% as a dismal second half dragged down its annual performance.
Fresh blow for City as Flutter votes to move main listing to New York
Some 98% of Flutter shareholders backed moving the gambling group's main listing to the US - downgrading the its status in London.
MARKET REPORT: Aston Martin shares in reverse as sales tumble
Aston Martin unveiled a drop in revenues and thumping losses in the first quarter, sending its shares down 5.4% after a 5% drop in the last session.
Booming Next closes in on £1bn profit milestone with sales set to rise 2.5% this year
The retailer led by Lord Wolfson (pictured) said full-price sales in the 13 weeks to April 27 were 5.7% higher than in the first quarter last year.
BUSINESS CLOSE: GSK raises guidance; Next exceeds forecasts; Aston Martin losses nearly double
Among the companies with reports and trading updates today are Next, GSK, Aston Martin Lagonda, Haleon, CVS Group, Smith & Nephew and Computacenter.
Customers are shying away from big ticket purchases, says Wickes
The home improvement retailer, which Travis Perkins previously owned, said its like-for-like sales fell by 4.2% in the 16 weeks ending 20 April.
FatFace and Reiss boost shopping at Next as it reveals strong online sales
The fashion and homewares brand reported full-price sales increased by 5.7% for the 13 weeks ending April 27, compared to an anticipated 5% increase.
Paramount boss Bob Bakish ousted after boardroom row amid talks of a takeover
The media titan, which is behind films such as Top Gun: Maverick starring Tom Cruise (pictured) said Bakish would be replaced by an 'office of the CEO'.
MARKET REPORT: Hargreaves Lansdown cashes in on Isa season
The investment platform issued a strong quarterly trading update highlighting good momentum through ISA season into the new tax year.
Terrace trainers loved by Rishi Sunak and Keir Starmer put spring in the step at Adidas
Adidas said its Samba and Gazelle designs are flying off the shelves, helping total sales at the company rise 4% in the first three months of the year.
UK pessimists 'in retreat' as business confidence and mortgage lending bounce back
In an upbeat survey published today, the Institute of Directors said its economic confidence index is at its highest level since May last year.
HSBC boss to quit after just five years: Quinn eyes 'rest and relaxation'
Noel Quinn (pictured) has overseen a transformation of the lender that included cutting 35,000 jobs and propelling it to record profits last year.
Amazon booms on AI bonanza: Tech titan rakes in sales of £1.25bn a day
The company said revenues hit £115bn in the first three months of 2024. That was up 13% on the first quarter last year and a record for the period.
Anglo American in crisis talks with shareholders over £31bn BHP bid
Anglo American chairman Stuart Chambers, who has form selling off blue-chip companies, yesterday said he will hold talks with the firm's top 30 investors.
Oil firm Deltic Energy slams 'hostile political environment'
Shares in the exploration company plunged by 47%, or 18.1p, to 20.4p on the update, which related to Deltic's 30% stake in the Pensacola well.
Duke of Westminster's property company Grosvenor to pay £50m dividend
Grosvenor, which owns parts of London's Mayfair and Belgravia, notched up losses of £28.6m in 2023, having made a profit of £110.4m the year before.
Royal Mail boss blasts ministers for dithering over urgent reforms
International Distributions Services chief exec Martin Seidenberg urged Ofcom to speed up a review and allow it to 'urgently' bring in sweeping changes.
Elementis confident of hitting full-year targets after strong first quarter
The chemicals business, which makes ingredients for deodorants and skin creams, said its adjusted operating profits rose by double-digits in the first three months of 2024.
BUSINESS LIVE: FTSE 100 breaks winning streak; HSBC boss Quinn to retire; Whitbread dividend; Metro Bank deposits grow
Among the companies with reports and trading updates today are HSBC, Whitbread, Metro Bank, St. James's Place and Hargreaves Lansdown.
Haleon to close UK production site with more than 400 job losses
The world's largest standalone consumer healthcare Haleon will close its UK production site as part of a cost-cutting exercise that will see the loss of hundreds of jobs.
Hargreaves Lansdown and St James's Place cash-in on Isa and pension season
Hargreaves Lansdown said that a record number of its customers put new money into their self-invested personal pensions.
Metro Bank deposits lifted by high-interest savings accounts
The high street lender revealed deposit levels increased by 4 per cent year-on-year to £16.2billion in the three months ending March after seeing them decline in 2023.
Europe set for June interest rate cut as inflation stabilises and economy picks up momentum
The European Central Bank looks set to become the first among global peers to begin cutting interest rates after consumer price inflation held steady in April.
HSBC shocks market as boss Noel Quinn retires after 'intense' five years
HSBC has kickstarted the search for a new chief executive after Noel Quinn shocked markets by revealing he would retire after an 'intense' five years.
FCA at war with City over plan to 'name and shame' firms it is investigating
The FCA used a newspaper article to mount a defence of the proposals - even as the industry stepped up its opposition via a letter.
BHP urged to improve its offer for rival Anglo American
Analysts said the bid needs to be more than £40bn to tempt Anglo to accept the deal. A bidding war could push the valuation higher.
Inflation 'brought to heel' as shop prices rise by just 0.8% this month
The year-on-year increase, down from 1.3% in March, was the lowest since December 2021 and non-food prices actually fell, the BRC said.
First profit for Vinted as young shoppers turn their backs on fast fashion
The Lithuanian start-up - Europe's largest website for buying and selling old clothes - made £15.4m last year after a £17m loss in 2022.
US private equity giant in £1.3bn swoop for troubled music fund Hipgnosis
Hipgnosis, founded by Merck Mercuriadis and guitarist Nile Rodgers (pictured), is the latest London-listed firm to be targeted by foreign buyers.
Delivery app Getir pulls out of UK in major setback for the online grocery industry
The Turkish firm, which also owns app Gorillas, said it would be calling it quits in Britain as well as in the US, Germany and the Netherlands.
Tesla surges on hopes of Chinese self-driving deal
In a much-needed boost for the electric vehicle maker, the billionaire boss (pictured) struck a navigation deal with Chinese tech firm Baidu.
Charlotte Tilbury owner Puig set for £12bn Spanish float
The make-up firm recently launched a campaign fronted by supermodel Kate Moss (pictured) to showcase the brand's new lipstick.
MARKET REPORT: Frasers Group in fashion as it unveils £80m buyback
Rather than acquire more stakes in other retailers, the House of Fraser and Sports Direct owneru plans to repurchase another £80m of its own shares.
BUSINESS LIVE: FTSE 100 hits another peak; Ocado boss faces revolt; Hipgnosis agrees Blackstone takeover
Among the companies with reports and trading updates today are Ocado, Hipgnosis Songs Fund, Entain and Beazley.
S4 Capital board shake-up as founding member retires after six years
Founding board member of Sir Martin Sorrell's S4 Capital Paul Roy will retire from the company in June after six years in the role.
Hipgnosis Songs Fund agrees £1.3bn takeover by Blackstone
The music rights investor, which owns the back catalogues of Blondie, Shakira and the Red Hot Chili Peppers, said it agreed to a $1.30 (£1.04) per share proposal from Blackstone.
Elementis shareholder calls for boss Paul Waterman to quit
In a scathing open letter, activist investor Gatemore Capital Management said Paul Waterman had presided over an extended period of weak results caused by 'self-inflicted management failures.'
Britain must scrap 'double taxation' blighting popular stock market investments to help revive City
Investment trusts are companies listed on the stock market and are therefore subject to the UK's 'pernicious' stamp duty regime.
Ocado boss Tim Steiner faces a shareholder revolt over his pay
Investors have been urged to vote against the £15m pay policy by advisory groups Glass Lewis and Institutional Shareholder Services.
Tesla boss Elon Musk makes surprise visit to Beijing as he looks to woo officials over self-driving cars
In a meeting with Chinese Premier Li Qiang, Musk said the electric car maker was willing to cooperate to 'achieve more win-win results'.
Intermediate Capital Group snaps up leading legal business information provider for £650m
The FTSE 100 private equity fund manager has bought Law Business Research from Levine Leichtman Capital Partners - a buyout firm in Los Angeles.
Coventry Building Society swimming with 'sharks' as it refu...o reveal why £780m bid for Co-op Bank won't go to member vote
The mutual is under growing pressure to give members a say in the takeover, which would make it Britain's seventh largest lender with £89 billion of assets.
Takeover target Anglo American is forced to defend chairman behind string of blue-chip sales
City grandee Stuart Chambers is under fire as yet another British business he leads is at risk of being sold off to a foreign predator.
FTSE 100 set for boost when Chinese online giant Shein announces London float
Support for a blockbuster share offer has come from the Chancellor Jeremy Hunt and Labour's shadow business secretary Johnny Reynolds.
Taxpayers could be on the hook for a multi-million-pound bill to help Royal Mail deliver post
The 500-year-old postal service, which this month became a takeover target, has urged the Government to contribute to the cost of distributing letters.
FTSE 100 chiefs claim they are hard-up compared with the St...s a very different story: Are British bosses REALLY underpaid?
The number of leading companies pushing for pay rises for their leaders has jumped even after they trousered an average of £4.5 million, a recent study revealed.
When will Gucci get its house in order? Fashion giant needs new saviour to arrest a slump in profits and sales
Gucci is one of two brands most coveted by Bernard Arnault, boss of LVMH, the £350 billion Tiffany and Dior empire. Could he be eying Kering, whose shares have tumbled by 20% over the past year?
Pearson's boss given a bloody nose as shareholders protest over fat cat pay
In another bruising setback for the FTSE 100 education publisher, 30 per cent of investors voted against the company's remuneration policy.
Greek energy tycoon hails London as premier financial hub in Europe
In a vote of confidence in the City and Brexit Britain, Evangelos Mytilineos threw his weight behind the capital's long-term prospects.
MARKET REPORT: Google owner's value hits $2,000,000,000,000
It is the fourth listed company to hit this milestone following tech giants Apple and Microsoft and oil major Saudi Aramco.
How London busmaker Wrightbus is creating thousands of 'future proof' jobs - at a former cigarette factory
On the former site of a cigarette factory in Ballymena, a British company is developing world-first technology, creating thousands of skilled jobs.
Czech billionaire trying to buy Royal Mail takes 20% stake in German steel business
Daniel Kretinsky has snapped up a slice of Thyssenkrupp's steel unit for an undisclosed sum.
I can barely recall 'Tell Sid' share offers of the 1980s admits boss of NatWest
Paul Thwaite said the lender was 'taking the necessary steps and measures' to be ready as the Treasury prepares to offload part of its stake to ordinary retail investors.
Darktrace takeover lands Mike Lynch £300m and chief Poppy Gustafsson gets £24m in private equity deal
The FTSE 250 cybersecurity firm backed a 620p per share offer - valuing it at £4.25billion - from US private equity group Thoma Bravo.
BUSINESS LIVE: Anglo American snubs BHP bid; NatWest profits fall; Pearson English language boost
The FTSE 100 finished up 60.97 at 8139.83 - a new closing record high. It also hit a new intraday record of 8,146.79 earlier in the session.
UK cybersecurity star Darktrace agrees £4.3bn private equity takeover
The cybersecurity company has received an offer from US private equity firm Thoma Bravo, which tried to snap up Darktrace two years ago until talks broke down.
NatWest follows rivals with profit slump
The banking giant's pre-tax profits slumped by 27 per cent to £1.33billion in the opening three months of 2024, although this was above analyst expectations of £1.26billion.
Sitting ducks: Host of British firms are in the firing line as predators circle
City analysts think vulnerable blue-chip stocks include Unilever, BP, Reckitt Benckiser, Standard Chartered, Entain and Burberry.
Anglo American snubs 'opportunistic' £31bn BHP bid
Anglo American has rejected rival BHP Group's £31.1billion takeover proposal, which the London-listed miner said significantly undervalued the company and its future prospects.
MARKET REPORT: Meta sheds £130bn value after AI spending fears
Shares in Meta, which owns Facebook, Instagram and Whats App, fell 11.1% in New York after it said expenses would be higher than previously forecast.
Sainsbury's takes a bite out of rivals: We're pinching sales, says boss
Boss Simon Roberts said the country's second-biggest supermarket was pinching shoppers from Aldi and Lidl as well as more expensive rivals.
Unilever in talks with the Government about ice-cream float in UK
Boss Hein Schumacher (pictured) is to spin off a £15bn company that includes household names Ben & Jerry's, Wall's and Magnum next year.
BHP launches £31bn bid for Anglo American: Audacious swoop threatens 'to set whole mining sector on fire'
The offer is the second for a FTSE 100 company this year and fuelled fears over the health of the stock market amid a wave of takeover activity.
LSE boss David Schwimmer in line for £13m pay deal despite exodus
Some 89% of LSE shareholders voted to more than double David Schwimmer's (pictured) maximum package from £6.25m to £13m.
PWC partners choose another man to become their next leader
Marco Amitrano, the firm's head of clients and markets, was chosen ahead of female rivals Laura Hinton and Hemione Hudson.
BUSINESS LIVE: Barclays profits slip; Sainsbury's ups guidance; BHP eyes Anglo American deal
The FTSE 100 hit a new closing record high - up 38.48 points at 8078.86. It also reached a new intraday record of 8,105.59.
BHP swoops on rival Anglo American in £31bn mining megadeal
The FTSE 100 company - the world's largest platinum producer - said it received an 'unsolicited, non-binding and highly conditional' all-share bid from its much larger Australian rival, BHP.
AstraZeneca lifted by blockbuster oncology drug sales
The pharmaceutical giant reported total turnover climbed by $1.8billion at constant exchange rates to $12.7billion (£10.2billion) in the opening three months of 2024.
One-off payouts drive UK dividends to £15.6bn in the first quarter - but growth likely to slow
Headline figures show dividends rose 4.9 per cent to £15.6billion in the first quarter of 2024, with 95 per cent of payers either increasing or holding dividends steady.
Lloyds cheers green shoots in housing market - but takes a profits hit
Lloyds, which is Britain's biggest mortgage lender, now thinks prices will rise by 1.5% over the course of 2024, helped by lower interest rates.
Tory windfall tax war 'is killing off North Sea oil'... and Serica chief also blasts Labour plan
Serica chairman David Latin accused politicians of a 'race to the bottom' to extract money in the short-term despite it causing long-term damage.
Boeing burns through £1bn a month to contain 737 safety crisis
Boeing forked out £3.1bn in the first three months of the year as it fought for survival after a panel blew off the side of a 737 Max during a flight in January.
Schroders boss Peter Harrison to retire in 2025 after more than eight years in the job
The investment group, which has more than £750bn in funds under management, is now seeking a replacement for Peter Harrison.
Meta announces it is to plough billions into artificial intelligence
The social media firm posted revenues of £29.2bn for the three months to the end of March, up 27% from the year before.
Investors to vote on plans to double London Stock Exchange boss's pay to £13m
London Stock Exchange Group wants to hike chief exec David Schwimmer's (pictured) maximum earnings from £6.25m to £13m.
MARKET REPORT: Reckitt cleans up but Footsie gives up gains
Reckitt Benckiser shares rose 3.6p% after the consumer goods group reported steady demand for its hygiene and health products this year.
Tesla shares rocket after pledge to bring forward launch of 'more affordable' models
Tesla said production of cheaper cars could start this year, as the group run by tech billionaire Elon Musk suffered its biggest drop in revenue in over a decade.
BUSINESS LIVE: Lloyds profits slump; Heathrow slams 'anti-growth' policies; PZ Cussons to sell St. Tropez
The FTSE 100 closed down 4.43 at 8040.38 - after hitting a new intraday record high of 8,092.20 earlier in the session.
Heathrow shrugs off strike threat as airport eyes busiest ever summer after scoring £189m profit
Europe's busiest airport posted an £189million pre-tax profit for the opening three months of 2024, compared to a £60million loss during the same period last year.
Reckitt Benckiser cleans house as Dettol-maker's sales soar
The consumer goods giant, whose brands include Lemsip and Nurofen, reported that like-for-like net turnover rose by 1.5 per cent in the first three months of 2024.
Warpaint London shares continue meteoric rise as profits top £20m
Warpaint London, which owns the W7 and Technic brands, said it enjoyed 'significant' growth in all its geographic regions and saw online sales rise sharply.
Ithaca Energy to join forces with Italian oil major in £750m deal
The FTSE 250 North Sea producer has agreed to buy most of the upstream oil and gas assets owned by Eni UK for around £754m.
NatWest share sell-off to end 'sorry tale', says chairman
Rick Haythornthwaite, who took over in January, told the bank's annual general meeting in Edinburgh: 'A return to private ownership is now in sight.'
Minister rebuke 'woke' investors for shunning the UK's defence sector
The Treasury and the Investment Association said the defence industry was compatible with sustainable investing amid rising global threats.
Tesla to lay off more than 6,000 staff as Elon Musk's electric dream hits the skids
The job cuts are part of chief exec Elon Musk's (pictured) plans to axe 10% of the workforce worldwide - or 14,000 jobs - to drive down costs.
Primark leads the charge as Footsie hits another high
On another record-breaking day on the stock market in London, the FTSE 100 rose to a peak of 8076.52 in early trading, its highest ever level.
MARKET REPORT: Weak metal prices drag FTSE miners into the red
Anglo American fell 2.3% to 2111p, Antofagasta dropped 2.1% to 2155p, Rio Tinto lost 1.3% to 5317p and Glencore shed 1.4% to 468.5p.
Housebuilder Taylor Wimpey cheers green shoots of spring
In an update yesterday, the FTSE 100 firm said it is 'positioned for growth' from next year as the housing market showed green shoots of recovery.
De Beers cuts production by over a fifth as demand for diamonds dwindles
De Beers - famous for coining the phrase 'A Diamond is Forever' in the 1960s - will now aim to produce 26m to 29m carats this year.
Cost cutting hits the right note at Spotify as streaming giant posts its largest quarterly profit
The music streaming giant - which features artists such as Adele and Taylor Swift (pictured) - unveiled profits of £145m in the first three months of this year.
Middle class shoppers flock back to Ocado... but Asda reels as sales slip
Industry research group Kantar said Ocado sales were 12.5% higher in the 12 weeks to April 14 than in the same period a year earlier.
BUSINESS CLOSE: FTSE 100 hits new record high; UK borrowing soars; JD Sports buys Hibbett
The FTSE 100 closed up 20.94 at 8044.81 - a new closing high. Among the companies with updates today are JD Spots, ABF, Taylor Wimpey, Watkin Jones, THG and PureGym.
FTSE 100 chalks up a second record closing high in a row
Positive corporate updates and fresh data showing easing grocery price inflation helped the leading UK stock market index to chalk up two record high days in a row.
JD Sports to buy US sportswear retailer Hibbett for £899m
JD Sports plans to buy US retailer Hibbett in a $1.09 billion (£899million) deal aimed at expanding its reach across North America.
THG sales accelerate amid strong demand for beauty products
THG expects revenues to grow in the first half after sales were boosted by a 'standout' performance by its beauty division in the first three months of 2024.
Royal Mail steps up defence in bid battle with 'Czech Sphinx' billionaire
Parent company International Distributions Services begged Ofcom to 'accelerate' a review that would let it slash services and save cash.
MARKET REPORT: Retailers lead the way on FTSE's historic day
On a positive day for investors, London's blue-chip index rose 1.% to 8023.87. That left it above its previous record close of 8014.31.
Takeovers leave UK stock market facing 'death by a thousand cuts'
Shares in Hipgnosis, which owns the rights to back catalogues ranging from Blondie (pictured) to Neil Young, rose 11.6%, or 10.7p, to 102.6p