Betting boom: Gambling giant 888 UK revenues surge over 50 per cent September 1, 2021 Online gambling giant 888 has enjoyed an upbeat first half of the year as its total revenue has jumped 39 per cent, hinting that the lockdown betting boom is here to stay. The company pulled in $528.4m in the six months to 30 June, up from $379.1m in the first half of 2020 – carried [...]
British fashion brand Ralph & Russo enters administration after Covid hits sales March 17, 2021 British luxury fashion brand Ralph & Russo has collapsed into administration after the coronavirus pandemic decimated sales. Ralph & Russo has appointed Begbies Traynor and Quantuma as administrators to investigate “all possible options” for the company. In a statement this afternoon, the company’s co-founder Tamara Ralph said trading conditions during the pandemic had put “tremendous [...]
Begbies Traynor revenues pass £60m for first time as insolvencies rise July 9, 2019 Begbies Traynor shares rose three per cent this morning as it announced revenues passed the £60m milestone for the first time last year. The corporate restructuring specialist enjoyed rising pre-tax profit, amid a year in which it made four acquisitions. The firm benefited from an increase in insolvencies across the UK. Read more: UK company [...]
William Hill profits slump as betting giant takes pandemic hit March 4, 2021 British bookmaker William Hill, currently in the process of being acquired by Caesars Entertainment, posted a steep fall in profit last year. Its adjusted pre-tax profit fell 91 percent to £9.1m in 2020. The firm saw net revenue fall by 16 per cent as the pandemic disrupted live sporting events and shut its betting shops. [...]
Safety equipment giant Halma appoints healthcare veteran as its new chair February 9, 2021 Safety equipment maker Halma has appointed former BTG CEO Louise Makin as its new chair this morning. She will take up the role in July. Makin who will join the board as an independent non-executive director and chair designate, replacing Paul Walker who has held the post for eight years. “Halma is driven by its [...]
Football Index has licence suspended by Gambling Commission after appointing administrators March 12, 2021 Football Index has had its licence suspended by the Gambling Commission after appointing administrators. The platform, which allows users to trade “shares” in high-profile footballers, suffered a market crash last weekend after reducing dividend payouts – one of the ways users can make money. Football Index suspended trading on Thursday, when it announced it was [...]
National Express careers to £380m loss as pandemic forces emergency stop March 18, 2021 Coach firm National Express this morning reported a £381.4m operating loss for 2020 as the pandemic drove its vehicles off the road for months at a time. The FTSE 250 company saw passenger numbers plunge 80 per cent when last year’s initial lockdowns struck, sending profit and revenue tumbling. For the full year, it swung [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]
‘Zombie’ firms set to fail as pandemic leaves 527,000 businesses on cliff-edge July 24, 2020 A record 527,000 businesses were in significant financial distress at the end of June, an increase of 33,000 since the beginning of the year. It represents a seven per cent increase since the start of the year, and nine per cent year-on-year, according to new research from corporate restructuring firm Begbies Traynor. While the coronavirus [...]
Revolution Bars sees profits hammered by lockdown restrictions April 13, 2021 Cocktail bar group Revolution Bars has reported losses across the board this morning, as its profits were hammered by lockdown restrictions. In the first half of 2020, enjoying just a few months before the pandemic forced lockdown restrictions, the group raked in £81.2m in total sales. With lockdown restrictions only easing yesterday, the group has [...]