Packaging automation company Mpac Group has reported a jump in revenue as “sound foundations” laid in 2023 begin to pay off. The London-listed company, which is headquartered in Coventry, saw its …
Personal Finance
Pizza Hut Europe serves up profit after £106m loss
The European arm of Pizza Hut has surged back into the black after making a loss of almost $140m (£106.4m) , according to newly-filed documents. The London-headquartered division has reported …
Astrazeneca drags down the FTSE 100 following mixed cancer trial results
Shares in FTSE 100 Astrazeneca and Daiichi Sankyo nose dived today after the pair revealed mixed results in their lung cancer drug’s late-stage trial. Shares in Astrazenca tumbled some 5.4 …
Jason Windsor appointed Abrdn’s permanent boss
Asset manager Abrdn has appointed finance chief Jason Windsor as its new permanent chief executive following Stephen Bird’s abrupt resignation in May. Windsor, who had already taken over as CEO …
Competition watchdog takes interest in Carlsberg-Britvic merger
The competition watchdog announced this morning that it had opened the first stages of an investigation into the tie-up between Carlsberg and rival drinks brand Britvic. Danish brewing giant Carlsberg …
Wickes profit down by almost a quarter as DIY sector struggles
Profit at British DIY retailer Wickes fell by almost a quarter over the past six months as sales slowed across the entire home improvement market. The London-listed company, which is …
State pension set to rise by £460 per year amid winter fuel debate
Pensioners are set to receive a £460 boost to the state pension next year after the latest batch of earnings figures were released this morning. This would mean that the …
Inspecs: Eyewear maker ‘optimistic’ for the future despite revenue cut
Sales at eyewear manufacturer and distributor Inspecs have been cut after being hit by inflation and competitor acquisitions. However, the company added it remains optimistic about the future. The firm’s …
Regional REIT on ‘much stronger footing’ after emergency capital raise
Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in …
Lendinvest: Fintech lands £500m investment from JPMorgan
Property fintech Lendinvest secured £500m in funding from JPMorgan as it looks to return to profitability after a rough year for mortgage lenders. The AIM-listed firm said on Tuesday that …