ITV: Writers’ strike and ad slowdown continues to drag on revenue May 9, 2024 ITV has reported a significant fall in revenue as the effects of the writer’s strike and a difficult advertising market hurt the broadcaster. The group said total revenue in the first quarter fell seven per cent to £887m. The strikes will “delay around £80m of revenue from 2024 to 2025”, the company added. However, ITV’s chief executive, [...]
English teams in Champions Cup showed Premiership still has aura May 6, 2024 For the fourth consecutive Investec Champions Cup final there will be no Premiership side, and for the fourth consecutive final there will instead be representatives from both the multi-national United Rugby Championship and the French Top 14. But is that reason to be gloomy about the English top flight? Not at all. Because in the [...]
Champions Cup: Leinster vs Toulouse is the final we deserve, and want May 6, 2024 So there we have it; seven weekends of Investec Champions Cup action has delivered the final many wanted, and expected. When the final concludes at the Tottenham Hotspur Stadium on 25 May, it’ll either see French giants Toulouse extend their record of European trophies from five to six, or see Irish stalwarts Leinster move level [...]
Everest: Jon Moulton’s double-glazing supplier crashes into administration leaving hundreds of jobs at risk April 26, 2024 Everest, one Britain’s biggest double-glazing suppliers, has fallen into administration, leaving 350 jobs at risk.
Ocado enters most shorted UK companies list as Abrdn jumps to fourth. These two kept their top spots April 25, 2024 Ocado has entered the top 10 list of most shorted stocks this month, coming third, while Abrdn saw two new firms take positions out against it.
Dunelm expects gross margins to grow despite ‘volatile’ homeware market April 18, 2024 The Dunelm board described the homeware and furnishing market as “volatile” and “challenging” on Thursday, as the retailer posted flat sales during the third quarter.
Mark Kleinman: Proxies, a stock market exodus and a Kingfisher mystery April 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets April 16, 2024 The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.
City grandee and Kingfisher chair Andrew Cosslett to step down after seven years April 15, 2024 The City grandee chairman of the owner of B&Q will not stand for re-election, it was announced on Monday, a move which follows a string of profit warnings at the firm.
Carpetright drafts in advisers as it mulls cost cutting options April 5, 2024 Carpetright has reportedly drafted in advisers to explore cost-saving measures for the business as it struggles amid a slowdown in demand.