Media and hospitality group Time Out’s international expansion plans are in full swing. It was announced today a new Time Out market is set to open in Budapest in 2025. …
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Severfield launches buyback as booming steel demand in UK and Europe powers record backlog
Severfield, the structural steel producer, has reported a record order backlog in its key markets as the demand for structural steel in major infrastructure projects has boomed. In a trading …
Aston Martin and Lamborghini supplier Surface Transforms sets out ‘worst case scenarios’
Surface Transforms, a supplier to the likes of Aston Martin and Lamborghini, has set out its growth expectations for the year after a shareholder requested it revealed its “worst case …
Equals: Payments fintech extends deadline for merger talks with MDP, Railsr and TowerBrook
Equals has again extended a deadline for formal takeover offers as the fintech payments group conducts a strategic review of its standalone prospects. The firm has received non-binding takeover proposals …
Exclusive: Business backs Labour, new polling of UK bosses says
UK firms have backed Labour with a 14-point lead over the Conservatives on the question of which party is best for business. Research by pollsters at Savanta asked 1,005 companies …
AIM: Another firm bails out of listed status due to £250,000 admin costs
Scirocco Energy, an AIM-listed investing company focussed on green energy, is set to cancel its listing in favour of the “flexibility” of private ownership. Bosses said this morning that the …
Liontrust continues to struggle with investor outflows despite positive fund returns
Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in …
Entain: Ladbrokes owner’s revenues hit by gambling regulations
Ladbrokes owner Entain has said the continued impact of betting regulations caused its net gaming revenue in the UK and Ireland to fall seven per cent in the first three …
Asos ahead of schedule turning ‘stock into cash’ as revenue drops 18 per cent
Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan. The digital pure-play said adjusted revenue declined by …
De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target
Struggling banknote maker De La Rue has tried to reassure the market that it’s on track to hit its profit target for the year after a string of profit warnings …