Revenue fell by more than £100m at Forterra, which is one of Britain’s biggest brick makers, as its profits were slashed in 2023, it has been revealed. Northampton-headquartered Forterra has posted …
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William Hill owner 888 tries to summon up memories of growth with name change to evoke
William Hill owner 888 has reported that it narrowed its losses last year as the gambling giant announced it intended to rebrand as evoke plc. The group posted a post-tax …
Flutter’s big bet on US’ FanDuel pays off but $1bn-plus charges hit bottom line
Gambling giant Flutter saw revenue jump almost 25 per cent in the last financial year, driven predominantly by significant growth in the US, but two significant impairment charges hit the …
Lower prices help Ocado win back customers amid uncertainty over Marks joint venture
Ocado has turned around its retail arm following a series of price cuts that have convinced shoppers to return to the retail giant. Its online grocery arm, a joint venture …
CAB Payments: Fintech’s earnings hit by currency policy shifts after disastrous London float
Fintech CAB Payments’ earnings have been hit by “unforeseen central bank interventions” as the firm looks to draw a line under a year which saw it become one of London’s …
The worrying rise of the Starbucks drive-thru
Car-based consumers are hollowing out our high streets and straining our social fabric, says Adam Hawksbee Starbucks opened the UK’s first drive-thru coffee shop in Cardiff in 2008. Today, there …
ASOS reports sales slump as it offloads stock to ‘right-size’ the business
Online fashion retailer ASOS has kept its guidance for the rest of the year, after clearing old stock in a bid to improve its profitability. The digital-only fast-fashion website said …
Fevertree Drinks reports modest growth as US expansion offsets UK stagnation
Premium drink mixer brand Fevertree Drinks has today reported a modest uptick in revenue for 2023 as its US expansion plan paid off last year. The company told markets this …
Engineering firm Smiths unveils new chief as it hikes dividend and kicks off £100m share buyback
Smiths Group is set for a change up at the top level after chief executive Paul Keel announced his departure with immediate effect. In a statement on the London Stock …
Irn Bru maker AG Barr swings to profit thanks to demand for Rubicon drinks and booming porridge market
Higher porridge and Rubicon sales helped AG Barr record a 25.9 per cent jump in revenue last year to £400m. The company, which is best known for making Irn Bru, …