The chief executive of Travis Perkins is to step down after five years in the role, after profit was slashed by £175m. Nick Roberts is to remain in his position …
Financial Planning
Scotch Malt Whisky Society owner hit by China downturn
Scotch whiskey business Artisanal Spirits Company said it was “disappointed” in its growth for the year to December. The alcohol firm generated a loss before tax of £3.6m, which it …
Ithaca Energy to buy Eni’s UK assets, but mothballs projects due to windfall tax
Ithaca Energy, a leading UK independent exploration and production company, has announced plans to combine with substantially all of Eni S.p.A.’s UK upstream assets, including the recently acquired Neptune Energy …
CMC Markets raises income expectations on continued ‘positive momentum’
CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter. The FTSE 250 firm said in a trading update …
Playtech beats expectations as US casino deals boost growth
Gambling software firm Playtech’s full-year earnings came in ahead of market expectations as a string of prior deals with US casinos helped drive growth. Adjusted earnings before interest, taxation, depreciation …
GAM: Asset manager’s losses spiral after Liontrust deal collapse
Swiss asset manager GAM has reported heavy losses in its annual results, after a tumultous year that saw its potential takeover by Liontrust crash and burn. Investors pulled billions from …
Revolution Beauty raises guidance as it ploughs ahead with growth plans
Scandal-stricken make up firm Revolution Beauty has raised its profit guidance for the year, as it ploughs ahead with plans to reach £1bn in retail sales over the next six …
Sir Martin Sorrell’s S4Capital hits stormy waters after breakneck growth
Advertising group S4Capital has reported a decline in revenue and operating profit as “challenging macroeconomic conditions” took their toll on the group in 2023. The company, founded by advertising giant …
Vanquis Bank swings to annual loss and slashes dividend after jump in impairment charges
Vanquis Banking Group has swung to an annual loss and slashed its dividend after the specialist lender saw a jump in impairment charges following a profit warning for 2024 earlier …
UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says
A project to build a 500km electricity “superhighway” cable linking Scotland and Yorkshire is to receive £3.4bn in funding, Ofgem has announced. The Eastern Green Link 2, hailed as the …