Chemring shares plunge despite record orders December 17, 2024 Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Capita revenue plunges as outsourcing giant hit by contract losses December 17, 2024 Outsourcing firm Capita saw its adjusted revenue drop eight per cent in the first 11 months of the year, as the firm struggled to replace a host of lost contracts. In a trading update, the company revealed that the drop came largely from its experience arm, which fell a whopping 16.3 per cent over the [...]
Hollywood Bowl: Record revenue for ten-pin bowling operator but shares drop December 17, 2024 Ten-pin bowling operator Hollywood Bowl has reported record revenue this year as Brits continue to flock to competitive socialising venues. The firm, which operated 85 venues across the UK and Canada, said revenue rose 7.1 per cent in the year ended 30 September 2024, from £215.1m to £230.4m. Earnings before interest, tax, depreciation and amortisation [...]
Haribo boss: How I went from being too ‘optimistic and challenging’ to leading sweet giant December 17, 2024 The UK boss of Haribo has revealed how he's changed from being too "optimistic and challenging" now he's leading the sweets giant.
UK wages continue to surge as Bank of England set to decide on interest rates December 17, 2024 UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]
How the ‘Littler Effect’ helped Target Darts hit a commercial bullseye December 17, 2024 The Littler Effect helped Target to double its business and earned the teenager over £1m.
The British left has questions to answer over Bristol graduate’s abduction in Venezuela December 17, 2024 Jesús Armas, a former intern at the Institute of Economic Affairs who stood up for freedom on the world stage, has disappeared in Venezuela. Why are the left so wilfully blind to the human rights abuses of those who share their beliefs abroad? Ask Emma Revell Last Wednesday morning I woke up to messages from [...]
Water firms to be forced to increase customer compensation for failures December 17, 2024 The changes come after a series of outages earlier in May left tens of thousands of homes in Brixham without clean drinking water.
Where’s the Christmas spirit? Gin and beer demand slumps this year December 16, 2024 Demand for spirits and beer has sagged this year as Brits opted for healthier and cheaper alternatives to their traditional tipple, according to new data. A combination of the cost-of-living crisis and government hikes on alcohol duty have pushed some bottles out of reach, with 10 per cent tax hikes pushing up the price of [...]
Executives of ‘ponzi scheme’ London Capital & Finance liable for damages December 16, 2024 Former executives of LCF are liable in the sum of £180m in damages to investors following a court ruling last month that called it a 'ponzi scheme'