Wizz Air passenger numbers fell for the first time this year as issues with its Pratt & Whitney-manufactured engines hit capacity. Some 4.9m passengers flew with Wizz in April, down …
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International Personal Finance makes strong start to year despite Poland difficulties
Consumer credit provider International Personal Finance (IPF) has posted a strong first-quarter performance thanks to good customer repayment rates and high credit quality. The firm, which is headquartered in Leeds …
Facebook and ‘major platforms’ still causing headaches for Mirror publisher Reach
The de-ranking of news on Facebook and “major platforms” has continued to cause trouble for the publisher of Daily Mirror and Express papers, hitting its online views. Reach posted a …
Grafton revenue falls but group expects boost from Irish housebuilding blitz
Revenue at building materials distributor Grafton fell five per cent in the first quarter of 2024 to £669.2mn, down from £704.3mn. Grafton attributed the change to “prevailing macroeconomic conditions” as …
Revenue and sales down at SIG ahead of annual meeting
Construction supplier SIG has blamed “challenging market conditions” for a further fall in sales and revenue from 1 January to 30 April. The firm, which updated markets ahead of its …
Hiscox: UK business in ‘growth mode’ as hard market continues
Lloyd’s of London insurer Hiscox has grown its written premium by 8.3 per cent as the FTSE 250 carrier shrugged off a contraction in its London market. The firm said in …
Hostelworld bets on ex-Will Hill boss as chair amid strong trading
Hostelworld Group, a booking service for hostels around the world, has named its new chair and announced an earlier-than-planned repayment of a debt facility thanks to strong trading ahead of …
Shell unveils another bumper buyback as profit jumps
FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter. In its trading update for …
Virgin Media O2: Tough first quarter as customers head for competitors
Virgin Media O2 (VMO2) has said it experienced lower customer activity and a decline in handset revenue in the first quarter of 2024. The British telecoms company reported that its …
Quilter boss: Why Westminster needs to keep its ‘tinkering’ hands off the City
Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services. This week it’s Steven Levin, chief executive of wealth manager Quilter Ask most City bosses for a …