Mike Sheen

London

News Editor at This is Money

News Editor at @thisismoney. Formerly @InvestmentWeek, @HFMWeek. Views either nonsense or borrowed from smarter people.

Articles

Higher costs and planning delays hit MJ Gleeson profits

4 days ago | thisismoney.co.uk | Mike Sheen

Shares in MJ Gleeson fell sharply on Tuesday with the housebuilder warning higher build costs and weak home price growth would hurt profits this year. The group, which specialises in affordable homes and promoting land for residential development, also highlighted planning delays it expects to continue to weigh on the business into next year.
Major investor quits Thames Water rescue deal as utility circles the drain

4 days ago | thisismoney.co.uk | Mike Sheen

Thames Water has been plunged deeper into uncertainty after the embattled utility's preferred investment partner abandoned a critical rescue deal. Private equity giant KKR had been selected to take charge of Thames Water, which has previously warned it could run out of cash, with plans to recapitalise the business and keep it in operation with a £3billion liquidity injection.
Defence shares rise as Britain tools up for 'war readiness'

5 days ago | msn.com | Mike Sheen

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Defence shares rise as Britain tools up for 'war readiness'

5 days ago | thisismoney.co.uk | Mike Sheen

Shares in defence and aerospace companies rose on Monday after the UK Government pledged fresh military spending to bolster the country's 'war readiness'. Prime Minister Keir Starmer unveiled proposals to bolster the country's nuclear deterrent, build munitions factories and supply modern weaponry, as well as housing for Britain's armed forces.
Blow to City as pharma group quits London after share price plunge

5 days ago | msn.com | Mike Sheen

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Blow to City as pharma group quits London after share price plunge

5 days ago | thisismoney.co.uk | Mike Sheen

Indivior is set to delist from the London Stock Exchange after a sharp decline in the value of its shares and a management shake-up earlier this year. The pharmaceutical group, known for its opioid addiction treatments, said on Monday it would cancel its secondary listing on the LSE at the end of July and maintain a primary listing on the Nasdaq. Indivior, which switched its primary listing from the UK to the US last year, told investors the decision to quit London would help cut costs.
Interest rates falling 'too rapidly' warns Bank of England chief economist

2 weeks ago | dailymail.co.uk | Mike Sheen

Interest rates falling 'too rapidly' warns Bank of England chief economistBy MIKE SHEEN Updated: 10:50 EDT, 20 May 2025 The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank's 2 per cent target.
Windfall tax 'destroying' North Sea oil and threatening growth, analysts warn

2 weeks ago | thisismoney.co.uk | Mike Sheen

Britain's energy profits levy is 'destroying' the country's North Sea oil industry, while undermining energy security and the economy, analysts have warned. The so-called windfall tax was implemented in May 2022 in response to soaring energy prices in the wake of Russia's invasion of Ukraine.
Interest rates falling 'too rapidly' says Bank of England chief economist

2 weeks ago | dailymail.co.uk | Mike Sheen

Interest rates falling 'too rapidly' says Bank of England chief economistBank has cut base rate from 5.25% to 4.25% since August Inflation is predicted to have hit 3% in April, well above the BoE's 2% target By MIKE SHEEN Updated: 07:01 EDT, 20 May 2025 The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank's 2 per cent target.
Britain's biggest pig farmer calls on Labour to fix broken planning system

2 weeks ago | thisismoney.co.uk | Mike Sheen

UK food giant Cranswick has called for an overhaul of planning rules to ensure 'essential' projects can be built, after the business invested record amounts last year. Chairman Tim Smith, who has held senior roles at Tesco and one led the Food Standards Agency, warned planning delays put UK food security and resilience at risk.