Car insurers set to return to profit following record losses December 16, 2024 A report from accountancy giant EY estimates car insurers paid out 93p in claims and expenses for every £1 made in premiums in 2024.
Cook: ‘Upmarket ready meal business is like a 27-year game of Monopoly’ December 16, 2024 Upmarket ready meal maker Cook has compared its financial position to a near-three decade long game of Monopoly as it hailed being in “the best shape it has been in for a long while”. The Kent-headquartered business said that it if the firm was a 27-year game of Monopoly, “we would now be in a [...]
London’s flexible office workers shift to four days a week December 16, 2024 Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
Titanic Belfast targets international tourism as profit surges December 16, 2024 Titanic Belfast has targeted international tourists to continue its recent remarkable growth after its turnover and profit both surged during its latest financial year. The Northern Ireland museum is to focus on attracting visitors from Europe and long-haul destinations after noticing a shift in consumer patterns following the Covid-19 pandemic. The change comes after Titanic [...]
‘Czech Sphinx’ Royal Mail takeover signed off by government and unions December 16, 2024 The takeover of Royal Mail parent company International Distribution Services has been signed off by the government and unions, as EP Group is now set to officially gain control of the firm. The £3.6bn takeover by ‘the Czech Sphinx’, billionaire Daniel Kretinsky, was approved by shareholders in September, and was waiting on approval from the [...]
Vitabiotics: Turnover nears £200m at vitamins giant run by former Dragons’ Den star Tej Lalvani December 16, 2024 Sales at Vitabiotics, the vitamins giant run by former Dragons’ Den star Tej Lalvani, jumped towards the £200m mark during its latest financial year as its profits also increased. The London-headquartered business has reported sales of £196.4m for 2023, according to accounts filed with Companies House long after the 30 September deadline. The new total [...]
Walkers: Sales jump at Doritos, Monster Munch and Quavers owner December 16, 2024 Sales at the owner of the UK’s favourite crisps brands, Walkers, jumped by more than £60m during its latest financial year, it has been revealed. The Pepsi-owned business, which splits its UK accounts across three firms, has only just revealed its results for 2023, long after the 30 September deadline set by Companies House. Manufacturing [...]
Persimmon boss warns triple Budget hit will add billions for housebuilders December 16, 2024 Persimmon chief executive Dean Finch has warned that higher costs from new levies will add around £40m in annual costs and add “billions” in expenses across the housebuilding sector. He claimed that the taxes would hurt the government’s ambitious target of building 1.5m homes by 2029, telling The Times that there was a “disconnect” between [...]
Investor calls for Johnson Matthey to explore sale after shares slump December 16, 2024 Standard said it believed in the "unique value of JM," but warned a "massive credbility gap" had emerged with investors and the broader market.
Ageas to acquire part of Saga’s insurance business in 20-year deal December 16, 2024 Saga, the financial services and travel provider for over-50s, has begun a 20-year partnership for motor and home insurance with Belgian insurance giant Ageas. Ageas’ UK arm will take over Saga’s price-comparison website, pricing, claims and customer service activities, while Saga will hold onto brand and direct marketing. Under the terms of the deal, Saga [...]