Former F1 engine supplier Cosworth achieved a record revenue of £100m during 2023 “despite challenging market and supply chain conditions”. The manufacturer, which is a supplier to the likes of …
April 2024
Despite its problems, Thames Water still aims to pay £2bn in dividends over the next decade
It has been reported that, despite the company’s myriad of issues, Thames Water has asked the regulator to let it pay up to £2bn in distributions to its investors over …
Lloyds profit drops against bumper 2023 as margins shrink
Lloyds Banking Group has posted a 28 per cent fall in profit – in line with analysts’ estimates – as price wars and the prospect of interest rate cuts starting …
Reckitt Benckiser: Nutrition arm bruised amid baby formula litigation case
A slump in earnings at its nutrition arm weighed on Reckitt Benckiser’s earnings in the first quarter. The maker of Durex and Nurofen reported like-for-like revenue growth of 1.5 per …
Jet2 gets summer-ready with new planes and profit before tax up a third
Package holiday favourite Jet2 has said its profit before tax will be up by a third on last year, as its summer bookings are ahead – but winter remains uncertain. …
Heathrow Airport hits historic footfall but urges UK to ‘rethink anti-growth policies’ like tourist tax
The busiest start to a year in its history has seen London’s Heathrow Airport turn a £83m profit through the first three months of 2024. According to the company’s first …
Quilter: Wealth manager attracts surge of fresh cash as stock markets rebound
Wealth manager Quilter has pushed up its assets under management in the first three months of the year after a surge in fresh inflows and a rebound in global equity …
Warpaint London expands into Superdrug and Boots as revenue leaps 40 per cent
Warpaint London has reported a 40 per cent rise in revenue for the year ended 31st December, helped by the launch of its products in New Look and Superdrug stores. …
Toxic Tiktok trends: Weighing in on dangerous viral diet misinformation
From drinking a glass of chia seed water to trying the baby food diet, or even eating dog food to increase protein intake, there are some questionable viral nutrition and …
SEC Lawyers Resign After Censure for Abuse of Power
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. The SEC’s …