London-based software firm Kainos, a key NHS supplier, has said its full year revenue for 2023 will slip below forecasts as weak demand from commercial clients bites. Kainos had projected revenue …
Investing
Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags
Emerging markets asset manager Ashmore Group reported that customers pulled billions more from its funds at the start of 2024, continuing a long running trend for the firm. The group …
Fashion brand loved by celebrities and known for £110 t-shirts to open second store in Soho
In a boost for London’s West End shopping district, a streetwear brand worn by celebrities such as Justin Bieber is set to open its second-ever store globally in Soho, London. …
UK government set to speed up regulation of AI models like ChatGPT and Google Gemini
The UK government is reportedly starting to speed up its approach to artificial intelligence (AI) as it looks to create greater protections around the emerging technology. New legislation would likely …
I sold my first business for £36m — but the money wasn’t enough
Purpose-led businesses seem to be the latest craze when it comes to booming entrepreneurial trends, and it doesn’t look like the push for sustainability is slowing down anytime soon – …
Bloom and Wild: Losses balloon to over £100m at flower seller as cost of living crisis bites
Losses at the group behind Bloom and Wild ballooned to more than £100m during its latest financial year after being hit by the cost of living crisis. The London-based group, …
Esquire Coffee owner cheers sales rise as it plots store expansion
The owner of Esquire Coffee in the UK and Ireland has said sales continued to rise in the year to March as it looks to expand further. The hospitality business, …
Pagegroup: Recruiter cuts headcount as hiring slump spurs profit slide
Recruitment agency Pagegroup reported a slide in group profit in the first quarter of the year due to businesses holding off hiring amid a tough economic climate. The FTSE 250 …
Inchcape to sell its UK retail operations for £346m
Inchcape, the leading FTSE 250 global automotive distributor, has today announced the sale of its UK retail operations for £346m to Group 1 Automotive UK, a subsidiary of New York-listed …
Mitie Group forecasts record revenue and launches buyback as profit set to spike
Outsourcing company Mitie Group has projected a record revenue of £4.5bn for its 2024 financial year, an 11 per cent increase from the previous year. The company announced the target …