Financial distress soars in ‘extremely testing’ UK business environment July 22, 2024 Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
Harland & Wolff: Propping up Titanic shipbuilder posed ‘substantial risk taxpayer cash would be lost’ July 22, 2024 The Belfast shipyard, which built the Titanic, is facing collapse after the new Labour government refused to guarantee a critical £200m loan.
LVMH-backed L Catterton, the new owner of Bicester Village is one of the world’s biggest retail investors July 22, 2024 Silver Bidco, a newly-formed Jersey-based vehicle of L Catterton, has bought Hammerson's stake in Value Retail, the owner of Bicester Village.
Rolls-Royce wins major nuclear funding boost from UK Space Agency July 22, 2024 Rolls-Royce has won a major funding boost from the UK Space Agency which will help boost its bid to provide nuclear power in space.
French media firm Canal+ to list on London Stock Exchange in boost for the City July 22, 2024 French conglomerate Vivendi has confirmed plans to spin off and list its television business Canal+ on the London Stock Exchange today, in what would be another boon to the City’s bourse after signs of a revival in recent months.
Shares in Ryanair rivals Easyjet, Wizz and Jet2 slump after Michael O’Leary’s warning July 22, 2024 "Fares are now moving materially lower than the prior year and pricing… continues to deteriorate," Ryanair's boss Michael O'Leary said in a presentation announcing its latest results.
Vue cinemas get box office boost as AI takes over its film scheduling July 22, 2024 Cinema chain Vue has said using artificial intelligence (AI) to create "algorithm-driven film schedules" has helped to boost its admission numbers and profit.
Amazon Prime Video buys British film studio where The Lord of the Rings: The Rings of Power is made July 22, 2024 Amazon Prime Video is to acquire the British film studio where it makes The Lord of the Rings: The Rings of Power.
‘The race is on!’: British aerospace firm Orbex ready for liftoff after opening London office July 22, 2024 Demand for satellites is rapidly increasing, with a shift from a few stationary ones to thousands in low Earth orbit, where much higher speed communication is possible
Former Tory chair Lord Ashcroft to ‘open discussions’ on selling Gusborne wines stake July 22, 2024 Ashcroft owns over 40m shares in AIM-listed Gusborne, equivalent to 66.76 per cent of the company. The company has a market cap of £40.17m.