The head of Revolut’s business-to-business offering has said it is “aggressively doubling down” on the business market, after the unit’s global revenues exceeded $500m (£380m) this summer. The London-based fintech …
Estate Planning
Services firms benefit from post-election stability and rosy economic outlook
The UK’s services sector post-election bounce continued in August, a closely watched business survey suggests, while inflationary pressures continued to ease. S&P’s final purchasing managers’ index (PMI) for the services …
Gulf Marine Services posts fall in net profit as it slashes debt
Gulf Marine Services (GMS) posted a hefty dent in net profit in its half-year results despite a sizeable rise in revenue, as the highly levered business continues to focus on …
Haven and Warner Hotels owner slips into the red after Butlin’s sale
The group behind Haven holiday parks and Warner Leisure Hotels fell into the red after the sale of Butlin’s, it has been revealed. Bourne Leisure, which is owned by investment …
Direct Line returns to profit but customers flee after firm hikes insurance prices
Direct Line’s operating profit undershot expectations for the first half of 2024 as the firm shed more than a quarter of a million motor insurance customers following price hikes. Direct …
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’
English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed …
Apple has ‘significant concerns’ over CMA probe into its Safari mobile browser
Apple said it has “significant concerns” with the UK competition watchdog investigation into the supply of mobile browsers. In 2022, the Competition and Markets Authority (CMA) launched a probe into …
Pinewood Technologies strikes deal with AI firm to bolster US expansion
Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood …
M&G no longer the industry exception as investors pull £1.5bn
Investors in M&G pulled £1.5bn from the investment manager over the last six months, as the group finally fell foul to the mass withdrawals that have plagued the industry. The …
Segro pounces on Tritax Eurobox with all-share £552m offer
The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms …