BUSINESS LIVE: IHG’s first-quarter revenues rise; Diageo appoints new finance boss; Trainline doubles profits
By Harry Wise
Updated:
Among the companies with reports and trading updates today are Intercontinental Hotels Group, Diageo, Young’s, Future, Hostmore, and Trainline.
Lords call in FCA chief Nikhil Rathi over ‘name and shame’ plan
The City watchdog’s boss Nikhil Rathi is under increasing pressure over plans to ‘name and shame’ firms it is investigating – as peers demanded answers amid an intensifying row.
Rathi has been summoned to appear before a parliamentary committee as it launched an inquiry into the proposals.
The UK sees a rise in foreign direct investment
The UK was the only one of Europe’s top three economies to record a rise in foreign direct investment last year – in an apparent vote of confidence in Brexit Britain.
Figures compiled by EY showed the number of overseas-backed projects rose by six per cent to 985 while struggling France and Germany saw declines of five per cent and 12 per cent.
Novo Nordisk can’t keep up with demand for hit weight-loss drugs
Pharma giant Novo Nordisk has seen the booming demand for its weight loss drugs outstrip supply.
The Danish company’s revenues have surged thanks to an explosion in popularity for its diabetes and obesity drugs Ozempic and Wegovy.
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BUSINESS LIVE: IHG’s first-quarter revenues rise; Diageo appoints new finance boss; Trainline doubles profits
