Dealmaking rebound helps JPMorgan to bumper profits July 12, 2024 JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
After strong 2023 Gym Group plans further growth as low-cost fitness market booms March 13, 2024 During the year The Gym Group pushed through price hikes to offset its higher cost base. The firm said the average headline price of a Standard membership increased to £23.16 in December 2023 compared with £21.49 in December 2022.
Dunelm adds Mastercard UK boss to executive team March 11, 2024 Dunelm has added Mastercard's UK and Ireland president to its executive team.
Five areas of tech which will dominate 2024: From climate to blockchain December 23, 2023 Investors will also be closely watching government regulation against the misuse of AI.
Alter Domus: Cinven buys majority stake in fund administrator March 4, 2024 Permira first took a stake in Alter Domus in 2017, with the firm having seen revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA) and employees quintuple in that time.
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
Wilko: Union calls for former boss to face MPs over £56m pension pot hole September 20, 2023 The union representing Wilko workers called for Lisa Wilkinson to answer questions about a £53m hole in its pension pot.
Paperchase puts administrators on standby – but ‘interested parties’ in talks January 17, 2023 Stationery outfit Paperchase has put administrators on standby as it scrambles to find new financial backers. Sky News’ Mark Kleinman has reported that Begbies Traynor has been lined up to handle any potential insolvency. The firm has been bruised and battered by the pandemic and changes to the high street, though City sources told Kleinman [...]
Global business elite ready to pour cash into UK, defying recession warnings January 16, 2023 The world’s business elite are set to pump billions of pounds into the UK economy, defying experts forecasting the country is on course for its toughest recession in a century, a new report out today reveals. The proportion of more than 4,400 global chief executives in 105 countries surveyed by consultancy PwC identifying the UK [...]
How PwC is welcoming staff back into the office safely August 18, 2020 The office still has an important role to play in society, the chairman of Big Four auditor PwC believes, as his staff seek to return to their desks after months spent at their kitchen tables. Kevin Ellis, chairman of PwC tells City A.M. that while the firm has adjusted to remote working the office still [...]