The top bosses at iconic British shoe maker Dr Martens will not be paid their bonuses after the brand suffered a “disappointing year” as its pre-tax profit was slashed. The …
June 2024
GPE’s rights issue brings in the money for property group
Great Portland Estates (GPE) has raised gross proceeds of £350m to capitalise on its pipeline of new opportunities in central London. Back in May, the London landlord launched a fully …
Profit rises at Castings as firm benefits from lagged Covid impacts
Iron casting and machining group Castings benefited from the lingering impact of the pandemic on supply chains in its latest set of financial results. Pretax profit increased to £21.3m in …
Frontier Developments: Rollercoaster Tycoon maker returns to profit ahead of new F1 and Jurassic World games
Frontier Developments, the developer behind games including Rollercoaster Tycoon and Elite Dangerous, is finally back in the black after cost saving measures triggered by a rough 2023. The Cambridge-based developer …
Legal & General reveals sweeping overhaul and kicks off first share buyback in a decade
Legal & General (L&G) has revealed plans for a sweeping overhaul including the merger of its two asset management arms and a first share buyback in over a decade today, …
Ørsted: Wind energy giant invests in Tesla battery to help lower electric bills
Wind-power giant Ørsted has invested in a Tesla battery storage system for what is set to be the world’s single largest offshore wind farm. The Danish company said it will …
Spirits trade has tough year in 2023 according to AIM-listed Distil
Inflation, cost-of-living pressures and a steep hike in alcohol duty contributed to a difficult environment for AIM-listed Distil last year, its latest financial results show. Don Goulding, chair of the …
Starling Bank posts third annual profit ahead of expected London listing
Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned …
Wayve: Loss widens at British AI darling backed by Nvidia, Microsoft and Softbank
Wayve, the British artificial intelligence (AI) start-up that secured an investment of more than £800m recently, lost more than £40m during its latest financial year. The London-based company hit the …
Exclusive: Why this London-based AI firm has picked Aquis for its float next month
City A.M. can reveal that London-based artificial intelligence firm Pri0r1ty AI is gearing up to float on the capital’s Aquis Exchange next month. The bootstrapped software company, pending regulatory clearance, …