UK fintech investment almost triples in first half of 2024 as sector outperforms Europe August 6, 2024 Investment in the UK's fintech sector almost tripled in the first half of 2024, new data shows, as a slew of major deals helped the country retain its title as the centre of European fintech funding.
Orient Express and Royal Scotsman owner Belmond still in the red despite sales rise August 6, 2024 The UK arm of the company that runs the Venice Simplon-Orient Express increased its sales but saw its pre-tax loss widen during 2023, it has been revealed.
Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
FTSE 100: London markets edge higher after Monday’s massive sell-off August 6, 2024 Both indexes recorded big falls yesterday, dropping around 2.0 per cent and 2.8 per cent respectively.
London pub group handed lifeline after administration and closure woes August 6, 2024 A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m deal.
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.
Travis Perkins lowers profit forecast on housing market slowdown August 6, 2024 Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
Epwin poised for £25m profit in 2024 despite revenue dip August 6, 2024 Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results in the first six months.