Diageo: Guinness maker looks to put fizz back in its share price January 27, 2024 All eyes will turn to Guinness maker Diageo on Tuesday, as the firm provides investors with an update on trading in the first half of the year.
Robert Walters posts 60 per cent profit slump as economic woes clobber recruitment August 1, 2023 A recruiter that is often viewed by analysts as a bellwether for the UK jobs market has posted a 60 per cent drop in profits as a result of firms trimming hiring amid the economic slowdown. Robert Walters, which specialises in sourcing talent for the City’s biggest banks, brokers and insurers, said today operating profits [...]
Banks tell Sunak that big tech firms need to do more to tackle fraud June 18, 2023 A group of the UK’s largest banks have told Prime Minister Rishi Sunak that big tech firms should help contribute to the reimbursement of fraud victims. According to Sky News, the banks said the rising tide of fraud in the UK is having a “material impact on how attractive the wider UK financial sector is [...]
We can’t subsidise or incentivise away the pain of a transition to renewable energy November 28, 2023 In theory, higher energy prices should be welcome news to the politicians who claim they want a green future, writes Paul Ormerod
Headlam hit with £16m loss as Brits cut home improvement spending September 17, 2024 British flooring specialist Headlam has endured a tough six months, blaming a drop in home improvement spending as the key factor behind a sharp fall in revenue. The London-listed firm saw its revenue slide by just under 12 per cent year-on-year for the six months to June 2024, with UK sales down 11 per cent [...]
Mountain Warehouse to open 50 new sites after bumper profit September 10, 2024 Mountain Warehouse is set to open another 50 stores next year as part of a rapid expansion plan after achieving a bumper profit last year. The new stores will take the outdoor leisure retailer’s total to around 370 stores across nine countries, according to the Times. It has already opened 20 new stores in the [...]
Quiz plots turnaround strategy after fashion chain swings to loss August 29, 2024 High street retailer Quiz has announced a turnaround strategy after swinging to a loss in its final year earnings, blaming cost-of-living pressures and cool consumer demand. The Glasgow-headquartered company booked a loss before tax of £6.7m, including a £1.5m non-recurring impairment charge, falling from a profit of £2.3m in 2023. Earnings before interest, tax, depreciation [...]
Mars to gobble up Pringles owner Kellanova in £28bn deal August 14, 2024 Mars, whose brands include M&M’s, Snickers and Skittles, is to buy food giant Kellanova for $35.9bn (£27.9bn), it has been confirmed. Kellanova, which was created when the Kellogg Co, which was formed in 1906, split into three companies, and owns brands such as Pringles, Cheez-Its and Pop-Tarts. In a statement, Mars Inc said it will [...]
Coca-Cola HBC raises guidance after strong half despite currency headwinds August 7, 2024 Coca-Cola HBC AG has raised its guidance after the company reported another strong six months of growth, despite currency headwinds eating into the group’s profits in emerging markets. The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June. Sales of [...]
Why the Government needs to commit to a regulatory regime no later than 2024 May 15, 2023 Nick Taylor of Luno looks at the issues he believes need to be addressed by the UK government over crypto regulation.