BUSINESS LIVE: Boohoo sales slump; Wetherspoon’s lifts profit expectations; Workspace boss exits - The News

Wednesday, May 8, 2024

BUSINESS LIVE: Boohoo sales slump; Wetherspoon’s lifts profit expectations; Workspace boss exits

 

The FTSE 100 is up 0.4 per cent in early trading. Among the companies with reports and trading updates today are Boohoo, JD Wetherspoon, Workspace, Direct Line and Informa. Read Wednesday 8 May Business Live blog below.

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Direct Line customers faced higher prices in the first quarter

Direct Line Group saw own-brand motor customer numbers fall in its first quarter, as price hikes drove some policyowners away but delivered double-digit premium growth.

In a trading update, the company said its average premium for motor and home insurance stood at £599 for new customers and £515 for renewal customers, against £478 and £373 by the same point a year ago.

BUSINESS LIVE: Boohoo sales slump; Wetherspoon’s lifts profit expectations; Workspace boss exits

My Isa has shares, trusts and ETFs – what is the cheapest platform?

The rise of online brokers and DIY investing has delivered a revolution in buying shares, investment trusts and funds.

Investors can now make huge savings compared to the old days of using their stockbroker, financial adviser, or going straight to a fund manager.



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