I feel ‘personally responsible’ for the UK economy says BT boss February 8, 2024 The weight of keeping British businesses up and running is a heavy one according to the boss of BT’s business unit, Bas Burger.
BT to merge global and business units into one firm with earning potential of £8.5bn December 16, 2022 BT is combining two of its units into a single business which will have a revenue of about £8.5bn a year. The telecoms giant will merge its Global and Enterprise wings into a one organisation called BT Business, focusing on B2B relations. BT Enterprise has a market share of 30 per cent, providing firms and [...]
All Bar One owner Mitchells & Butlers complains of ‘significant uncertainty’ over energy bills next year December 7, 2022 Mitchells & Butlers has said “significant uncertainty” remains over the heftiness of its energy bill next year, as pub bosses have called for more financial aid. The All Bar One and Toby Carvery owner said its trading environment “remains very challenging,” as cost inflation headwinds were expected to be as much as 12 per cent [...]
GSK receives Fast Track designation for chronic hepatitis B drug in latest boost for pharma giant February 12, 2024 Pharmaceutical giant GSK has received a special recognition from the US Food and Drug Administration (FDA) for its bepirovirsen drug.
Ocado’s yo-yoing stock swings up again: Will critics ‘put away knives they’ve been sharpening’? July 16, 2024 A strong set of results this morning sent Ocado’s stock up 18 per cent, a day after a downgrade from leading broker Bernstein sent it down 10 per cent yesterday. In its interim results for the 26 weeks to 2 June 2024, the company reported revenue of £1.5bn, up by 12.6 per cent year on [...]
Meet the London-based financier reviving Sampdoria, sleeping giant of Italian football May 7, 2024 A year ago, Sampdoria were at their lowest ebb. Enter Matteo Manfredi.
Losses widen at owner of five-star London hotel The Stafford and Michelin restaurant May 17, 2024 The owner of The Stafford, a five-star hotel in London as well as a Michelin-starred restaurant, saw its losses widen in 2023 after the decline of staycations and the worsening economy in the UK.
London fintech Treasuryspring raises $29m to grow cash investment platform June 26, 2023 London-based fintech Treasuryspring has bagged $29m (£23m) in a new funding round as the cash investment platform looks to increase its headcount and expand overseas. The company said today that it secured the investment in a Series B funding round led by British venture capital firm Balderton Capital, bringing the total amount the company has [...]
Music Licensing Inc announces plans to list on NASDAQ December 19, 2022 Music Licensing Inc, a leading music and performance rights licensing company has announced plans to list on NASDAQ. The company has filed necessary paperwork with the Financial Industry Regulatory Authority (FINRA) to confirm its eligibility. In June 2022, Pro Music Rights, Music Licensing Inc’s main holding, was valued at nearly £350 m. In regards to [...]
Shares in manufacturer Chill Brands plunge as it hits back at Sunak plans to ban disposable vapes January 29, 2024 Chill Brands Group has said its existing vape products are excluded from government plans to ban disposable vapes.