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Victorian Plumbing snaps up arch rival Victoria Plum in ‘milestone’ strategic move featured picture

Victorian Plumbing snaps up arch rival Victoria Plum in ‘milestone’ strategic move

Bathroom retailer Victorian Plumbing has acquired loss-making arch-rival Victoria Plum as the taps-to-toilets seller looks to accelerate its growth in a competitive yet sizeable total addressable market. Shares in Victorian Plumbing rose 5.6% to 90.2p on news of the deal, funded from the company's existing cash reserves and representing 'another exciting strategic milestone' for the online ba...
Balfour Beatty boss sells up after solid first quarter, Carr’s director ‘rides the wave’ of annual gains | Directors Deals featured picture

Balfour Beatty boss sells up after solid first quarter, Carr’s director ‘rides the wave’ of annual gains | Directors Deals

Leo Quinn, chief executive of construction group Balfour Beatty , sold 189,921 shares at 384p for a total value of £730,423 on 16 May. Quinn's move could be seen as 'cashing in' on good news after Balfour Beatty shares have gained over 9% year-to-date. The FTSE 250 company recently said it continued to expect an increase in earnings after trading had been in-line so far in 2024. Balfour Beat...
Cooling inflation, record breaking markets and short-lived meme 2.0 | Wall Street Week featured picture

Cooling inflation, record breaking markets and short-lived meme 2.0 | Wall Street Week

Wall Street spirits have been higher over the past week than a couple of college dropouts, with all three major indexes ripping up the record books, including the S&P 500 closing above 5,300 (15 May) for the first time. Cooler-than-expected inflation in April sets the scene for a potential Fed rate cut soon despite a string of hot inflation reports from the first three months of the year. Like...
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