GSK: Pharma giant raises guidance after second quarter sales give shot in the arm July 31, 2024 London-listed pharma giant GSK has raised its guidance after a strong second quarter beat market expectations, boosted by its cancer and HIV portfolio. Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year. Core operating profit at the pharma company rose by 18 per cent on [...]
Frasers shares jump as firm’s profit comes in at the ‘top end’ of guidance July 18, 2024 The group, which became one of the UK's top retailers under the stewardship of Mike Ashley, said adjusted profit before tax rose 13.1 per cent to £545m.
Revenue dips for musicMagpie as pandemic boom fades and belts tightened July 27, 2022 Shares dropped nine per cent in early morning trading for musicMagpie after the circular economy firm reported how squeezed wallets were cutting into profits and margins.
Crypto venture capital backing tumbles again as market ‘winter’ spooks investors May 12, 2023 The amount of cash invested into crypto companies globally tumbled sharply again in the first quarter of the year as investors continue to flee the market amid a deep ‘crypto winter’, new data has revealed.
Is the great private equity raid on London over? October 10, 2023 A predicted deals raid in London by private equity firms may have already fizzled out this year as dealmakers turn their attention to the cheap unlisted firms, new research has suggested.
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Darktrace shares slide to record low after short seller alleges accounting errors January 31, 2023 Darktrace shares crashed to a record low today after a short seller alleged that accounting errors had been made by the British-American cybersecurity firm. New York asset management firm Quintessential Capital Management (QCM) published a damning report today alleging dubious marketing, sales and accounting tactics were used to inflate the company’s value before it was [...]
More than 6,000 letters sent from bars and clubs to MPs urging winter support September 3, 2022 Bars and club businesses have sent MPs more than 6,000 letters, pleading for a package of support to help them pay staggering energy bills this winter. In more than 65 per cent of businesses, firms are barely breaking even or losing money, due to increasing operating costs, according to the Night Time Industries Association (NTIA). [...]
FCA ‘right to resist’ financial inclusion role, legal experts say September 8, 2022 Granting the UK’s top financial watchdog responsibility for ‘financial inclusion’ would be “overreach” and give it powers that it cannot discharge, legal experts have warned today.
Topps Tiles reports record £263m sales as retailer shrugs off year of soaring inflation October 4, 2023 Topps Tiles reported a record year of sales this morning, outstripping pre-Covid figures as the group shrugged off continued inflationary pressure.