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Mexican billionaire Carlos Slim takes 3.2% stake in BT Group
Mexican billionaire Carlos Slim has taken a 3. 2% stake in BT Group.
Crest Nicholson slashes dividend after posting first-half loss
Home construction group Crest Nicholson slashed its interim dividend payment after swinging to a loss in the its first half as reservations and home completions both fell, while more work was booked at low-margin sites compared with a year earlier.
Virgin Money profits up but still sees tough second half
Virgin Money on Thursday posted an 18% jump in interim profit as it continued to benefit from higher interest rates and a lower bad debt charge, but reiterated it expected headwinds in the second half of the year with the Bank of England expected to cut its benchmark base rate.
Halma hails another year of record profit
Halma reported another year of record profit and revenue on Thursday as it hailed a solid performance in the safety and the environment & analysis sectors.
London pre-open: FTSE seen lower as Fed signals one rate cut this year
London stocks were set to fall at the open on Thursday as investors mulled the latest policy announcement from the US Federal Reserve.
St James's Place pinches Credit Suisse vet to succeed CFO Craig Gentle
Financial advisory firm St. James's Place has appointed the chief financial officer of Credit Suisse's UK operations as its new CFO, replacing Craig Gentle who will be retiring from the business after six years leading the finance function.
Thursday newspaper round-up: Revolut, BT Group, housing market
Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives’ 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says.