Hill and Smith shares tumbled this morning after the infrastructure supplier flagged challenges in its UK business. On an underlying basis, pre-tax profit rose 10 per cent to £63.2m in …
Estate Planning
Evans Cycles: Big loss revealed in delayed results for brand owned by Mike Ashley’s Frasers Group
Significantly delayed accounts for Evans Cycles have revealed how far the brand, which is owned by Mike Ashley’s Frasers Group, has slumped further into the red. According to results for …
Government set to push Litigation Funding Bill into summer 2025
The newly appointed government is set to push the Litigation Funding Bill until after a review is concluded, which could be at least summer 2025. Lord Sandhurst Guy Rhys put …
Hostelworld: Travel agency starts to pay off pandemic debt after record bookings in Asia
Backpacking Brits looking for cheap stays in Asia and Central America helped online travel agency Hostelworld achieve a record performance in the first half of its financial year. The Irish …
FTSE 100 engineer Spirax misses expectations amid ‘weak’ macroeconomic backdrop
London-listed engineer Spirax said it missed expectations as the firm flagged a “weak” macroeconomic environment across its key markets. In its half-year results out this morning, the company said on …
Morgan Sindall: FTSE 250 construction group continues run of growth
Construction and regeneration group Morgan Sindall has reported yet another half of double-digit revenue and profit growth. The FTSE 250 constituent, which is headquartered in London and helped expand Whitechapel …
Assura: Group snaps up 14 private hospitals as firm gears up for Labour spending spree
Healthcare property giant Assura has announced a £500m acquisition of a UK private hospital portfolio from Canadian group Northwest Healthcare Properties. The move comes following Labour’s commitment to use more …
FTSE 100: London markets fall as JPMorgan sees 35 per cent chance of US recession by end of year
London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession. The …
Helios Towers shares drop: Debt rises, revenue and profit lifts as guidance ‘tightened’
Shares in telecommunications tower company Helios Towers plunged more than 12 per cent in early trading on Friday after it said it has racked up a larger debt pile in …
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double
The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. …