Ti Fluids reports lower sales on electric vehicle headwinds May 2, 2024 Revenue in Europe and the Middle East rose by 4.2 per cent, although total revenue was dragged down by a 10.8 per cent fall in the Asia Pacific region and a 3.4 per cent fall in the Americas.
Revenue and sales down at SIG ahead of annual meeting May 2, 2024 Construction supplier SIG has pointed to "challenging market conditions" as being the reason behind a further fall in sales and revenue in the year to April 30.
Grafton revenue falls but group expects boost from Irish housebuilding blitz May 2, 2024 Grafton attributed the change to “prevailing macroeconomic conditions” as well as “exceptionally wet weather in Ireland”, which hurt demand.
Good news for London’s property market as US investment rebounds May 1, 2024 Significant deals have included MCR Hotels' £275mn purchase of the BT Tower in central London and Elliott Management and Oval Real Estate's £300mn acquisition in the West End.
Government brings in new scheme to encourage councils to build more homes May 1, 2024 The new scheme will make it “cheaper and easier for councils to transform communities by building new homes,” according to the Government.
Wickes announces fall in overall sales, guidance unchanged May 1, 2024 Retail sales rose by 0.6 per cent in the period, making it a year of positive retail sales growth for Wickes. The group said retail sales were driven by increased transactions rather than inflationary prices.
Mulberry continues to suffer on weak luxury demand May 1, 2024 Consumers have continued to spend on makeup and beauty goods but have reduced their spend on some luxury items like handbags.
Growing demand for hip and knee replacements help Smith and Nephew to growth May 1, 2024 Orthopaedic sales grew by 4.4 per cent over the quarter, thanks to "growth in hip and knee implants outside the US."
MPs call for AI Act to protect music industry May 1, 2024 The APPG's report makes eight recommendations to the Government, including the implementation of a UK AI Act, the labelling of AI-generated copy, and a personality right to protect artists from deepfakes.
London’s most expensive flat goes on sale for £175m April 30, 2024 Previous buyers in the building have included Kylie Minogue, Tom Cruise and Ukraine’s richest man, Rinat Akhmetov.