Unilever: Magnum and Dove maker ‘to cut over 3,000 European jobs’ July 12, 2024 Unilever is planning to cut more than 3,000 jobs based at its offices across Europe by the end of 2025, according to reports.
Crown Estate to stage £430m transformation in London’s West End July 12, 2024 The Crown Estate will redevelop £430m worth of real estate in London's West End in an effort to stimulate the capital's post-pandemic renewal.
Uniqlo pushes for third year of record profit despite China slowdown July 12, 2024 Uniqlo’s parent company Fast Retailing has raised its profit forecast for the year on strong domestic and overseas demand, despite a significant slowdown in Chinese demand. The company lifted its full-year operating profit forecast to 475bn yen (£2.3bn) for the year ending August, up from 450bn yen. Revenue rose to 86.8bn in the third quarter, [...]
High interest rates and the election dampened London prime property market July 12, 2024 It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the dip in demand, as buyers waited for certainty and stability before investing in property. “A lot of buyers postponed plans due to a combination of [...]
Red Sea disruption hits sales at Poundland owner Pepco July 11, 2024 Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.
Barratt: Capacity to build new homes, but not enough land to build on July 10, 2024 Barratt is one of the UK's top builiders, but it has struggled to grow this year.
London tech scale-up Unmade acquired by clothes manufacturer Hi-Tech Apparel July 10, 2024 The deal, valued at 10 times the company revenue, will see Unmade, which is working to solve fast fashion's problems though tech-enabled customised clothing on demand, work with Hi-Tech to automate the fashion industry.
Travis Perkins appoints non-exec as new boss July 10, 2024 Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]
Is UK housing back on track? London estate agent Winkworth’s sales are on the up July 10, 2024 Winkworth Estate Agents have announced a boost in sales figures after a two years of falling sales amid a tight housing market. The company expects pre-tax profits for the year to be in line with market expectations of £2.4 million, and announced a shareholder dividend of 3p per share to be paid for the second [...]
Travel to Asia and the Americas drives strong Hostelworld results July 10, 2024 Hostelworld has reported a period of strong growth thanks to strong demand for international travel.