British telecoms company Cityfibre has hit profitability ahead of target as 1,000 new customers a day regularly join its network service. The UK’s third-largest broadband provider after Openreach and Virgin …
May 2024
Mace: HS2 London Euston contractor boss to step down in top brass shake-up
Mace, the construction firm contracted to deliver London’s HS2 Euston terminus, has announced a new chief executive alongside a raft of top-level changes. Mark Reynolds will step down from his …
Chicken King’s empire still in the red despite sales passing £3bn
The food and restaurants empire run by the so-called “Chicken King”, and includes 2 Sisters Food Group, has spent another year in the red despite its turnover rising to more …
Renishaw lowers full-year revenue and profit guidance
Engineering manufacturer Renishaw has slightly lowered its full-year guidance after an uptick in revenue at the start of this year, which put a gloss on what was a difficult trading …
Buy-to-let specialist Onesavings Bank notes uptick in lending after bruising 2023
Buy-to-let specialist Onesavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023. …
Investment trust body calls for Treasury to fix unnecessary rules costing billions
The Association of Investment Companies (AIC), an industry body representing investment trusts, has called on the Treasury to finally take action on regulatory issues estimated to cost the economy £7bn …
Train strikes, bad weather, hotel fire and ‘significant cost increases’ hit Brighton Pier operator
The owner of the 125-year-old iconic Brighton Pier reported a pre-tax loss of £8.8m, as grim British weather and train strikes compounded inflation in the last year. Brighton Pier Group, …
Andrew Sykes hits record profit as European heatwave leads to summer air con purchases
Andrew Sykes, the Wolverhampton-based heating and air conditioning equipment group, posted record profit in 2023 despite inflation and a “tight labour market.” Operating profit increased by 5.6 per cent to …
Therapie Clinic rolls out trending polynucleotides skin treatment
Therapie Clinic, one of the leading medical aesthetic clinic groups in the UK, has launched a new injectable skin wellness trend in all its clinics; polynucleotides. Polynucleotides have recently been …
Tim Martin: “Spontaneous breakdancing” in Wetherspoon’s pubs as sales jump
Wetherspoon showed little sign of slowing down in the last quarter with like for like sales up more than 5 per cent through the spring. The pub chain told markets …