Cosworth hails record revenue at former Formula One engine supplier April 24, 2024 Former F1 engine supplier Cosworth achieved a record revenue of £100m during 2023 "despite challenging market and supply chain conditions".
Wizz Air chief: Israel conflict causing ‘ripple effect’ on demand November 9, 2023 The conflict between Israel and Palestine is causing a "ripple effect" on demand across neighbouring countries, Wizz Air's chief has said.
Wood Group bids to win back investors with boosted revenues after failed Apollo deal July 13, 2023 Wood Group has posted robust revenues and gross profits, as it bids to win back the approval of shareholders.
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue April 10, 2024 The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
FTSE 100 lags behind international peers with lacklustre year of growth December 29, 2023 The FTSE 100 is set to end the year lagging its international peers after eking out a minor gain through 2023.
£465m takeover of Lookers set to collapse as shareholder Cinch opposes deal July 20, 2023 The £465 million takeover of car dealership group Lookers is set to collapse after a major shareholder said it planned to block the move. Last month, the board of Lookers said it had agreed the sale of the company to Global Auto Holdings, an entity linked to privately owned Canadian car dealer network Alpha Auto [...]
UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says March 27, 2024 A mega project to build an electricity "superhighway" cable link between Scotland and Yorkshire is to receive £3.4bn.
Cheers to that! Diageo chief quits after decade at the top, as firm appoints FTSE 100’s tenth woman CEO March 28, 2023 Spirit maker Diageo has announced its chief executive Sir Ivan Menezes is to retire following ten years leading the firm. The London-listed drinks giant will step aside from the firm’s board in June of this year and be replaced by Debra Crew, who is currently its chief operating officer. Meneze joined the firm from the [...]
Made.com to call in administrators as furniture firm’s 700 staff left in lurch November 1, 2022 Made.com has announced the appointment of administrators after cash-strapped consumers have pulled back on big ticket spending. The London-listed furniture firm said on Tuesday that it’s board has resolved to file notice of an intention to appoint administrators at PricewaterhouseCoopers (PWC). The company had been seeking out rescue cash but interested suitors were unable to [...]
Mike Ashley’s Frasers Group lowers stake in AO World July 8, 2024 Mike Ashley's retail empire Frasers Group has lowered its stake in white goods giant AO World.