The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host August 20, 2024 The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of Maison Estelle and Gleneagles Townhouse, has reported a pre-tax loss of £3.7m for the 12 months to March 31, 2024, according to newly-filed accounts with [...]
Revenue slides at Wood Group after Sidara snub but guidance kept August 20, 2024 Engineer Wood Group maintained its full year guidance despite sliding into the red after a dip revenue in its first set of results since Emerati competitor Sidara pulled out of a deal for the firm at the eleventh hour. The Aberdonian firm, which generates much of its revenue providing engineering services to the oil and [...]
Spotify: UK adverts boom helps sales and profit surge August 20, 2024 Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant has reported a pre-tax profit of £22.3m for 2023, according to newly-filed accounts with Companies House. The total comes after Spotify posted a pre-tax profit [...]
Sosandar announces third UK store in Newcastle’s Metrocentre as expansion continues August 20, 2024 Sosandar has announced plans for a third store in the UK as part of its transition to a “multichannel retailer”. The store in Newcastle’s Metrocentre is expected to open in October – in time for the key Christmas trading period. Sosandar opened its first two stores in Chelmsford and Marlow in September. The AIM-listed [...]
Diversified Energy: FTSE 250 firm stumps up £52m for Texas natural gas field August 20, 2024 Oil and gas site owner Diversified Energy Company has bought several operated natural gas wells located within East Texas for $68m (£52.3m). The FTSE 250 firm bought the assets from a regional operator. The “significant” PDP (proved developed producing) reserve was part of a wider sale in the area. A third-party development company will also [...]
H&T: Profit jumps due to ‘ongoing constraint in the supply’ of short-term loans August 20, 2024 The UK’s largest pawnbroker and short-term loan business, H&T, announced a double-digit profit jump in the first half of the year as Brits showed no sign of reining in loan demand. Profit before tax was £9.9m in the six months to 30th June, up 12.5 per cent from the £8.8m reported in the same period [...]
Maritime surveillance firm Windward narrows losses as global trade rebounds August 20, 2024 The results came in line with recently upgraded market expectations and Windward said it was "confident" in achieving break-even adjusted EBITDA in 2024.
Gran Tierra Energy pounces on i3 Energy in £175m deal August 20, 2024 Oil producer Gran Tierra Energy has announced a £175m deal to acquire its London-listed peer i3 Energy. Under the terms of the deal, which was announced in the early hours of this morning, Gran Tierra said it would offer one new Gran Tierra share for every 207 i3 Energy shares held as well as 10.43p [...]
GSK receives US breakthrough therapy designation for lung cancer treatment August 20, 2024 Pharmaceutical group GSK has been granted breakthrough therapy designation by the US Food and Drug Administration (FDA) for a key lung cancer treatment. The breakthrough therapy designation is designed to expedite the development and review of drugs with the potential to treat a serious condition. Only treatments that are shown to offer a substantial improvement [...]
London City Airport given go-ahead to expand capacity but more Saturday flying rejected August 20, 2024 London City Airport has been granted permission to significantly expand passenger capacity after an extended spat with Newham Council.