S&U plunges 10 per cent after issuing profit warning as motor finance arm suffers from ‘weak consumer confidence’ February 9, 2024 Specialist auto and property lender S&U has issued a profit warning ahead of its full-year results amid an “intemperate economic climate”, while an FCA probe looms over the sector.
Sir Jim Ratcliffe: Ineos boss bins electric vehicle plans amid ‘reluctant’ demand July 4, 2024 Production of the Ineos Fusilier SUV in both pure electric and plug-in hybrid was forecast to begin in 2027, via Ratcliffe's Ineos Automotive business.
Currys: AI push drives laptop sales surge as retailer nabs nearly 50 per cent of UK market September 5, 2024 Tech retailer Currys has reported a strong start to the year, crediting its “early adoption” of AI products for taking almost half of the UK’s laptop market. The London-listed company, headquartered in Acton, saw its like for like sales in the UK and Ireland grow by five per cent in the 17 weeks ending August [...]
House prices “resilient” for now – but will the election throw them off course? May 31, 2024 UK house prices are standing up to the challenge of expected ‘higher for longer’ interest rates and political uncertainty, according to the latest data. Nationwide’s closely watched house price index showed a 0.4 per cent month on month jump in property prices in May, signalling a 1.3 per cent annual growth rate. Whilst still lagging [...]
Salter owner Ultimate Products forecasts lower earnings after ‘disappointing’ spring May 10, 2024 Salter owner Ultimate Products has lowered its full-year earnings forecast after a disappointing Spring hit sales.
Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
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.
Revenue drops for Musicmagpie as it struggles in the competitive second-hand market June 28, 2024 Musicmagpie has slashed costs to offset lower revenue.
Santander UK to quit lending standards body over risk of regulatory confusion April 8, 2024 Santander UK is terminating its membership of a major lending standards body to avoid confusion over the duplication of voluntary and regulatory industry standards.
Deliveroo treads water in first quarter but still projects growth for 2024 April 18, 2024 Deliveroo said orders were flat, reflecting the stagnant market, and the consumer landscape was "more stable but still uncertain".