Business

An updated statement by administrator FRP reports unsecured creditors could get back 17p in the pound rather than 15p. Daily Express :: City and Business Feed

The Bank of England is expected to say there is not enough evidence yet that inflation has been sufficiently tamed to justify an interest rate cut. Daily Express :: City and Business Feed

British luxury boat maker Oyster Yachts has the wind in its sails as a new breed of adventurer discovers the seductive sleek beauty of its vessels, their exhilarating agility and the support of the company’s global service network ensuring comfort and safety. Daily Express :: City and Business Feed

House builder Crest Nicholson has warned that its annual profits are set to tumble after slumping nearly £31million into the red at the halfway stage. Daily Express :: City and Business Feed

Battery technology group Highview has secured £300million to build a large, renewable power storage facility in Manchester from investors including Centrica and Denmark’s Kristiansen family, the owners of Lego. Daily Express :: City and Business Feed

Pubs giant Fullers has hiked its shareholder dividend by nearly 21 percent after its annual pre-tax profits rocketed 39.8 percent to £14.4million. Daily Express :: City and Business Feed

Challenger bank Virgin Money has put its cost saving restructuring plans on hold due to its £2.9million takeover by Nationwide Building Society. Daily Express :: City and Business Feed

Legal & General’s new chief executive Antonio Simoes is to overhaul its investment division and target UK and US workplace pensions in a bid to boost its returns. Daily Express :: City and Business Feed

Starling’s revenue rose from £452.8million to £682.2million in the 12 months to March. Daily Express :: City and Business Feed

Furniture giant DFS has warned that weak demand and disruption to Red Sea shipping routes could slash its annual profits by half. Daily Express :: City and Business Feed