You may never have heard of LVMH-backed L Catterton, but you’ve probably bought one of their products. With $34bn (£26.29) in assets under management, they are purportedly the largest consumer-focused …
Estate Planning
Harland & Wolff: Propping up Titanic shipbuilder posed ‘substantial risk taxpayer cash would be lost’
Propping up Harland & Wolff presented a “very substantial risk that taxpayer money would be lost,” the government has said. The Belfast shipyard, which built the Titanic, is facing collapse …
Financial distress soars in ‘extremely testing’ UK business environment
The number of firms facing ‘significant’ financial distress has increased sharply over the past year as businesses continue to grapple with an “extremely testing” business environment. According to Begbies Traynor’s …
FTSE 100 funds bled £2bn in June, but who is losing out?
UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers. …
Ascot Racecourse saddles up for bumper year as turnover gallops to new record
Ascot Racecourse saw its profit soar last year as hundreds more people visited the iconic venue despite icy weather cancelling one of its key race days, newly-filed documents have shown. …
Carpetright: Staff and customers lose out as rival Tapi rescues brand out of administration
Carpetright has been rescued out of administration but more than 1,000 jobs have been lost. The major carpet and tiling retailer, which is headquartered in Essex, has been snapped up by …
‘The race is on!’: British aerospace firm Orbex ready for liftoff after opening London office
The heat is on for the UK to establish itself as a serious contender in the space race, according to the chief of aerospace company Orbex, which is on the …
Amazon Prime Video buys British film studio where The Lord of the Rings: The Rings of Power is made
Amazon Prime Video is to acquire the British film studio where it makes The Lord of the Rings: The Rings of Power. Bray Film Studios is located in Water Oakley, …
Vue cinemas get box office boost as AI takes over its film scheduling
Cinema chain Vue has said using artificial intelligence (AI) to create “algorithm-driven film schedules” has helped to boost its admission numbers and profit. The group, which has 88 cinemas across …
Shares in Ryanair rivals Easyjet, Wizz and Jet2 slump after Michael O’Leary’s warning
Shares in Easyjet, Wizz and Jet2 slumped in early deals this morning after Ryanair issued a warning over ticket prices. Ryanair, Europe’s largest airline by passenger numbers, said ticket prices …