St James’s Place confirms overhaul of controversial fees after regulatory pressure October 17, 2023 St James's Place has confirmed it will overhaul its fee structure and scrap a controversial exit fee today after reportedly coming under pressure from regulators to fall in line with stringent new consumer rules.
Currys: AI push drives laptop sales surge as retailer nabs nearly 50 per cent of UK market September 5, 2024 Tech retailer Currys has reported a strong start to the year, crediting its “early adoption” of AI products for taking almost half of the UK’s laptop market. The London-listed company, headquartered in Acton, saw its like for like sales in the UK and Ireland grow by five per cent in the 17 weeks ending August [...]
London pub group handed lifeline after administration and closure woes August 6, 2024 A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m deal.
EU regulators accuse Apple of breaching competition rules for app stores June 24, 2024 The Act is a sweeping set of regulations aimed at preventing tech giants from cornering digital markets.
Bloomsbury weighs in for Christmas with double-digit profit growth October 26, 2023 This six month period was Bloomsbury's fourth consecutive double-digit growth period, with revenue up 11 per cent to £136.7 million and profit up 11 per cent to £17.7 million.
Baker Tilly’s UK arm censured by FCA over audit failings August 15, 2024 Auditor MHA has been censured by the FCA for "failing" to prepare client assets reports to the "required standard"
US inflation comes in ahead of expectations again as markets grow nervy about Fed rate cuts March 12, 2024 According to figures from the Bureau of Labor Statistics, prices rose 0.4 per cent in February, higher than the 0.3 per cent expected by economists.
Watches of Switzerland: Shares crater 30 per cent as demand for luxury flattens January 18, 2024 Shares in Watches of Switzerland have fallen by over 30 per cent after the luxury watch maker warned on its earnings for the year. . In an update, the Rolex seller said that it was bruised by “challenging macroeconomic conditions” over Christmas which impacted consumer spending in luxury retail. It now expects revenue for the [...]
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ September 4, 2024 English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Dr Martens given a kicking but maintains downgraded guidance January 25, 2024 Dr Martens has held its full year guidance after third quarter revenues were kicked down by a fifth, blaming weak demand for its leather boots in the US.