MADE revises down revenue forecast amid ‘significant’ supply chain struggles December 9, 2021 Home retailer MADE has revised down its revenue guidance as it battles the “significant” supply chain disruptions that have hit most industries. It has also warned investors of a potential £12m to £15m loss in adjusted earnings, which it expects to recover next year. The news prompted shareholders to pile out of the stock, leaving [...]
Fridays owner Hostmore revenue soars in maiden results as CEO warns of ‘challenges raised by Ukraine crisis’ March 14, 2022 Fridays owner Hostmore has reported revenue standing at £159m as the hospitality operator strikes out on its own after a demerger. Hostmore made its debut on the London Stock Exchange last November after it was made a separate entity from Electra Private Equity. Now, in results for the 53 weeks ended 2 January 2022, the [...]
I was ‘institutionalised’ at Barclays – now I’m free to innovate, says former chief executive January 18, 2024 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week, it’s former Barclays chief executive and 10x Banking founder Antony Jenkins.
Mexican fast food chain Tortilla poaches rival Chilango May 23, 2022 London listed restaurant group Tortilla has snapped up rival Chilango, as it seeks to reap the rewards of office workers returning to London. The Mexican fast food chain dished out £2.75m to buy Chilango from the investment firm RD Capital Partners , it announced on Monday. Chilango’s estate of eight UK sites – six of [...]
Alphawave dishes out $25m in first acquisition following London IPO December 2, 2021 Alphawave has bought telecoms firm Precise-ITC for some $25m – its first acquisition since it debuted on the London Stock Exchange earlier this year. The deal for the Canadian ethernet and optical communications company, which is expected to close in January and contribute to next year’s revenue, intends to supply Alphawave customers with integrated IP [...]
Former Mishcon de Reya partner fined £17,500 for breaching anti-money laundering laws March 8, 2022 A former partner at London firm Mishcon de Reya has been ordered to pay £21,000 for his role in a money laundering scandal, which in January led to Mishcon being hit with a record £232,500 fine. The Solicitors Regulation Authority (SRA) fined former Mischon partner Michael Nouril £17,500 and told the M&A lawyer he must [...]
EV company Pod Point announces admission to trading on LSE November 9, 2021 Electric vehicle (EV) charging provider Pod Point announced yesterday its admission to trading on the London Stock Exchange (LSE). The company revealed that its 153.4m ordinary share capital was accepted to the Financial Conduct Authority’s (FCA) official list, under the ticker PODP. The news came a few days after the company confirmed its offer price [...]
Osborne investment firm hands out millions to trio December 19, 2021 Three partners at Robey Warshaw, an investment firm that enlisted the services of former chancellor George Osborne this year, have reaped in millions in profits. The trio shared £30m in profits in the first year of the pandemic, according to filings at Companies House. Last year, Robey Warshaw generated nearly £18m in distributable profits. Osborne [...]
Moonpig sales fall after lockdowns but card biz remains confident in gift market June 29, 2022 Moonpig has posted plummeting sales as shoppers started buying gifts and greetings cards elsewhere once bricks-and-mortar shops reopened once more over the past year. In full year results to 30 April 2022, the firm admitted its group revenue had tumbled 17.3 per cent year-on-year, standing at £304.3m versus £368.2m in 2021. The online retailer pointed [...]
Wizz Air top executive ousted for secret share trading October 29, 2021 Wizz Air’s chief supply chain officer has been fired after an investigation by regulators found that he had been secretly trading shares in the FTSE 250-listed airline for more than a year. Andras Sebok bought and sold shares in 114 different transactions between early April 2019 and the beginning of November last year, without notifying [...]