Pub giant JD Wetherspoon will make a huge cut to its prices next week in a bid to highlight what it describes as the benefit of a permanent VAT reduction …
Personal Finance
No ‘free pass’ for Royal Mail as Ofcom review gets underway
Communications watchdog Ofcom is considering reforms to the UK’s embattled postal service, with changes to second class letter delivery proposed in order to help turn Royal Mail around. It follows …
Jet2 welcomes ‘booking momentum’ as it doubles down on package holidays
Budget airline and leisure group Jet2 has welcomed a late bout of” booking momentum” in July and August, and doubled down on its strategy to ramp up its package holiday …
Eurowag: Trucking services firm still has no plans to pay dividend as profit slides
Eurowag has reported a slide in profit for the first half of 2024 as the FTSE 250 trucking services group said it still had no plans to pay a dividend …
ABF: Primark owner powers through footfall slump to deliver solid growth
Primark owner Associated British Foods (ABF) has reported a “significant improvement in profitability” despite a rainy summer threatening to dampen sales. The London-listed firm, which also owns Twinings Tea and …
Nespresso: King Charles and David Beckham help coffee giant brew success
The UK arm of Nespresso signed up David Beckham and used King Charles’ coronation to help boost its sales and profit during its latest financial year. The division, which is …
Safestay: ‘Strong progress’ as hostel group boosted by Gen Z travel
Premium hostel group Safestay have significantly shrunk their pre-tax loss as they undergo a gradual post-pandemic recovery supported by investment in new sites and demand from younger travellers. The AIM-listed …
Fusion Antibodies: Pharma firm has ‘challenging’ year despite strong sales pipeline
Pharmaceutical company Fusion Antibodies said it had a “challenging” year but has seen its sales pipeline grow. Fusion posted audited revenue of £1.14m for the year ended March 2024, a …
Ashmore: Mixed results as emerging market withdrawals remain sky-high
Emerging markets investment manager Ashmore reported a 12 per cent drop in adjusted profit before tax for the year to 30 June 2024. The group reported an adjusted profit before …
Funding Circle swings to unexpected profit as it hails cost-cutting plan
Funding Circle swung to an unexpected profit in the first half of 2024 and raised its guidance for the full year as the small business lender looks to boost its …