Wizz Air trims profit forecast as Pratt & Whitney engine issues bite November 9, 2023 Wizz Air has narrowed its annual income guidance for 2024 despite swinging to profit, as engine issues at a key supplier continue to bite.
Audit reform – Two minds are better than one June 2, 2021 The UK might not have won Eurovision 2021, indeed it suffered the humiliation of scoring nil points, but it has certainly led the current race on audit and wider corporate governance reform. The Department of Business, Energy and Industrial Strategy (BEIS) issued its consultation ‘Restoring trust in audit and corporate governance’ in March with a [...]
Top companies still need to go further in putting women on boards September 22, 2020 As a woman in business and now as a minister at the Department for Business, Environment and Industrial Strategy (BEIS), I know first-hand how difficult it can be to rise through the ranks and establish yourself professionally in the corporate world. My first job was in a shop aged 16. I then went into retail [...]
Johnson Matthey to spin off medical manufacturing arm for £550m March 20, 2024 Chemicals specialist Johnson Matthey has spun off its Medical Device Components business to a private equity firm for £500m.
LGIM’s gender diversity fund outperforms FTSE 350 in first year May 28, 2019 A fund that invests in UK companies that are prioritising gender diversity has marked its one-year anniversary, having encouraged firms to boost the number of women in leadership positions. Legal & General Investment Management’s (LGIM) Gender in Leadership UK index fund (Girl fund) allocates a score to FTSE 350 firms based on the number of women [...]
Sage reports growth in all regions as cloud business soars January 18, 2024 Software firm Sage has reported revenue growth in all its regions as its cloud business continues to attract demand.
West End landlord GPE ready to ‘accelerate into favourable conditions’ July 4, 2024 In an update ahead of its Annual General Meeting (AGM) the real estate investment trust (REIT) said it had signed 12 new leases between April and the end of June.
Gambling giant Flutter taps Vice boss Nancy Dubuc in boardroom shake-up February 25, 2021 Flutter Entertainment has appointed Vice chief executive Nancy Dubuc as a non-executive director as part of a boardroom shake-up aimed at redressing the company’s gender balance. Dubuc, a media industry veteran, has led youth-oriented Vice Media since 2018. Prior to this she was chief executive of A&E Television Networks. Flutter, formerly known as Paddy Power [...]
Petershill Partners backs guidance after modest quarterly growth November 21, 2023 Petershill Partners reiterated its annual guidance amid a double-digit rise in partner fee related earnings in the third quarter of 2023.
James Barbour CA on the seven essential elements for corporate reform September 14, 2021 From the outset of the calls for audit reform, ICAS has advocated a holistic review of corporate governance, reporting and audit (“the corporate ecosystem”). This article first appeared in ICAS’ CA magazine. We therefore see the recent consultation by the Department for Business, Energy and Industrial Strategy (BEIS), “Restoring trust in audit and corporate governance”, as [...]