Sabre Insurance has posted a record premium income after the motor insurer reaped the benefit of price hikes while offsetting the impact of claims inflation. The firm reported a 31 …
Cider maker Thatchers toasts success despite ‘unprecedented economic challenges’
Sales at historic cider maker Thatchers increased despite the company facing “unprecedented economic challenges” during its latest financial year. The Somerset-based business, which was established in 1904, has reported a …
The Bank of England should cut rates soon – but timing is everything
The Bank of England has faced a growing tide of criticism that it risks being too slow in cutting interest rates having failed to respond quickly enough when inflation started to …
Talent agency that looks after Simon Cowell, Graham Norton and Claudia Winkleman sold for £60m
The London talent agency that represents the likes of Simon Cowell, Graham Norton and Claudia Winkleman has been sold for £60m. YMU, whose clients also include Nicole Scherzinger, Stacey Solomon …
DFS issues Red Sea delivery delays warning as furniture giant slashes expectations
DFS has warned that the ongoing chaos in the Rea Sea could continue to impact its balance sheet as it revealed a reduced financial performance. The furniture giant has said …
Unilever to spin out ice cream business -including Ben & Jerry’s
Unilever is separating its ice cream business in a bid to create a leaner business, the consumer goods giant said this morning. The firm’s near-$8bn turnover ice cream division includes …
Tech jobs market ‘challenging’ warns recruiter as headwinds hit sector
Recruitment firm SThree reported that the jobs market was “challenging” in the first couple of months of 2024 as hiring activity in the tech industry remained muted. Net fees at …
Diageo drafts in former head of civil service Sir John Manzoni as new chair
Drinks maker Diageo has brought in a former senior civil servant and BP executive as its new chair. The business leader will take over from Javier Ferrán when he retires …
Close Brothers looks to strengthen capital position with dividend suspension in response to motor finance probe
Close Brothers has outlined measures that could boost its capital position by around £400m in response to potential compensation costs tied to a Financial Conduct Authority (FCA) review into historic …
Trustpilot swings to profit as monthly users soar
Trustpilot has turned a profit of $7m (£6m) in its full financial year, swinging back from a loss of $15m (£12.8m) in 2022. The global review platform said revenue climbed …