Ultimate Products: Russell Hobbs seller hit by overstocking woes August 14, 2024 Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]
US accuses Georgia government of running scam call centres August 14, 2024 The Georgian government has been accused of operating scam call centres that defraud UK investors of millions each year. The Commission on Security and Cooperation in Europe – also known as “the Helsinki Commission” – called on the US State Department to launch an immediate crackdown on the Georgian Dream party. A statement released by [...]
Mars to gobble up Pringles owner Kellanova in £28bn deal August 14, 2024 Mars, whose brands include M&M’s, Snickers and Skittles, is to buy food giant Kellanova for $35.9bn (£27.9bn), it has been confirmed. Kellanova, which was created when the Kellogg Co, which was formed in 1906, split into three companies, and owns brands such as Pringles, Cheez-Its and Pop-Tarts. In a statement, Mars Inc said it will [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
Meet London’s top insurtech companies August 14, 2024 In the heart of London, where tradition meets innovation, insurtech is turning the City's financial pulse into a dynamic playground. Meet the City-based companies that were named top insurtechs, globally.
Visa guidelines must be reassessed to avoid ‘another blow’ to UK talent, tech founders warn August 14, 2024 What impact will the new visa guidelines have on business growth in the UK if not reassessed?
‘Untenable’ that average Conservative voter is 63 years old, Mel Stride admits August 14, 2024 The average Conservative voter being 63 years old is “completely untenable,” leadership hopeful Mel Stride has admitted. The shadow work and pensions secretary was asked by Times Radio about a poll which showed three in five people in the UK do not care who the next Conservative leader is. He told the broadcaster: “The way [...]
John Lewis: How all the major changes will impact staff and shoppers August 14, 2024 John Lewis is poised to make a series of major changes that will affect all of its stores across the country and its partners. The organisation announced a restructuring plan yesterday that it described as a “multimillion pound” investment in technology and what it has described as ‘simplification’ would help “improve our customer service and make [...]
Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.
Rolls-Royce chief’s £40m payday may be justified – here’s why August 14, 2024 The FTSE 100 executive could be set for as much as £40m via a combination of remuneration and the company's soaring share price.