From Abraham-Louis Breguet’s first prototype in 1795 to the 1980s, watch experts reckon less than 1,000 ‘tourbillon’ watches were made. Today that figure is more like 3,000 to 3,500 per …
Wizz Air slashes profit guidance as Pratt & Whitney engine issues bite
Wizz Air has cut its targets for annual profit as issues with its GTF engines, supplied by Pratt & Whitney, continue to impact capacity. The Hungarian budget airline said net …
Ocado enters most shorted UK companies list as Abrdn jumps to fourth. These two kept their top spots
Ocado has entered the top 10 list of most shorted stocks this month, coming third, while Abrdn saw two firms take new positions out against it. The most popular two …
Inchcape bags £2.3bn after selling off UK arm
Shares in Inchcape soared over eight per cent this morning as it bagged £2.3bn in revenue in the first quarter, not long after striking a deal to sell off its …
Canary Wharf: Property value falls as London banking hub secures £550m financing deal
The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn. Profit before tax …
Rolex sibling Tudor gets the Barbie makeover with pink Black Bay
The Black Bay Chrono ‘Pink’ might not be for everyone, and that’s OK because few of them will ever be made,” goes Tudor’s press release, which could well be suffixed …
WH Smith fails to impress as shares slump despite boom in travel arm
Shares in WH Smith were down by almost seven per cent in early trade, despite the business telling markets it has high hopes for a strong summer of trade as …
Profits surge at Michael McIntyre and Jonathan Ross talent agency after international tour success
The talent agency that represents stars such as Michael McIntyre and Jonathan Ross has seen a surge in its turnover and profits after the success of an international tour. Off …
Warehouse REIT boosts quarterly income 30 per cent with rent hikes
Warehouse REIT, the real estate investment trust, boosted its rental income for the quarter by over 30 per cent after renegotiating its warehouse rents. In a trading update covering the …
Drugmaker Indivior seeks shareholder approval to move primary listing from London to New York
Opioid dependence treatment maker Indivior has confirmed a plan to move its primary stock market listing from London to New York this summer in yet another blow to the capital’s beleaguered …