Shares in THG plc have been upgraded by JP Morgan after surging in value in recent weeks. The Manchester-headquartered group has seen its share price rise from 27p on 8 …
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Shares in B&Q owner Kingfisher unexpectedly spike after sales boost
Kingfisher, the parent company of B&Q and Screwfix, saw its share price rise more than 17 per cent on Tuesday morning after posting a better-than-expected sales update. The FTSE 250 …
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NBCUniversal International recovers from record £96m loss
The international arm of media giant NBCUniversal has recovered from a record £96m loss to return to profit. The division of the US-headquartered group has posted a pre-tax profit of …
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Formula 1 commercial arm sees profits dip but still makes £250m
Formula 1’s commercial arm saw profits fall by five per cent last year, but still managed to be over £250m to the good. Formula One World Championship Limited, which holds …
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OECD: Taxes and tariffs to damage UK economy
Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above …
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UK economy stalls with 50,000 job losses ahead of Autumn Budget
The UK economy was hit by a “litany of worrying news” in the three months to September with thousands of jobs lost ahead of Rachel Reeves’ second Autumn Budget. The …
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JLR extends cyber attack shutdown to October
Jaguar Land Rover (JLR) has extended its production shutdown until at least 1 October, after the cyber attack that crippled its IT systems left the UK’s biggest automaker unable to …
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Elizabeth Line operator doubles profit before contract loss
Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of …
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Fabergé lost millions before takeover deal
Fabergé, the jeweller famous for its imperial Russian Easter eggs, fell into the red in the year before being sold to a technology investor for $50m (£37m) last month. The …
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Why Guenther Steiner bought a MotoGP team after F1 exit
Richard Coleman and Guenther Steiner appear to cut very different characters. Both former four-wheel racing bigwigs, Coleman was mainly in touring cars while Steiner’s cameo as Haas F1’s founding team …