Shoe Zone has lowered its profit forecast after it said weaker demand for its products plus the soaring cost of shipping had compounded an already challenging trading environment. The London-listed …
July 2024
Lloyd’s chair slams plans for Shard-height skyscraper next to Leadenhall Market
The chairman of insurance giant Lloyd’s of London has made a last-ditch bid to prevent the now-vacant Aviva building near Leadenhall Market being redeveloped into a new 73-story skyscraper. The …
Kitwave sees profit slide despite uptick in revenue
Kitwave Group, a wholesale delivery business listed on the AIM market, has blamed falling demand at its foodservice and hospitality division for a drop in profit. The results, the first …
BATM: Tech firm partners with mystery defence group to target global markets
Tech firm BATM Advanced Communications has entered a partnership with a mystery technology and defence group in a move the company says will allow it to sell its advanced cybersecurity …
Revolut books record profit on higher interest rates and surge in users
Revolut has swung to a record annual profit and nearly doubled its revenue for 2023 as the fintech filed its first timely set of results in years. The London-based banking …
‘Nobel prize of engineering’ finalist Sunamp to raise Series B as it mulls public offering
An innovative battery firm nominated for the “Nobel Prize of Engineering” is set to raise a Series B funding round in a few months, with a future IPO becoming an …
Sainsbury’s one hour delivery boosts supermarket’s food sales
Sainsbury’s food sales have continued to grow with the supermarket gaining a boost from its one hour grocery delivery service and its Aldi price match scheme. The London-listed group, which …
Brits flock to cash ISAs as tax hikes bite
Savers have continued to funnel their money into cash ISAs in a bid to avoid higher taxes following frozen thresholds, new Bank of England figures have revealed. Households deposited £4.2bn …
Private fund manager Mercia Asset Management gears up for boost from Mansion House Compact
Mercia Asset Management has said it plans to reclassify as a trading company and cease to be an investing company as the firm focuses on its profitable funds under management …
Profit soars at Supreme thanks to growing demand for disposable vapes
Vape-maker Supreme has lauded an “outstanding” financial performance that saw profitability at the AIM-listed firm almost double in the space of a year despite a “challenging” backdrop, prompting it to …