Capita has incurred £25.3m in costs tied to a cyber attack last March as the outsourcing giant swung to an annual loss and ramped up its cost-cutting programme. Shares fell …
Retirement Planning
London Southend Airport to be taken over by US private equity giant Carlyle
London Southend Airport (LSA) is to be taken over by US private equity giant Carlyle after a deal was agreed to settle a debt with its current owner. The investor …
Robust order backlog helps Galliford Try to bumper year
Construction group Galliford Try said pre-tax profits increased in the half year due to increased demand for its infrastructure and building experience. This morning the construction firm told investors the …
One Thames Water overflow in leafy Surrey has been leaking sewage for six days straight
A storm overflow in Surrey operated by Thames Water has been discharging sewage continuously for 145 hours – more than six days straight. According to the embattled water provider’s own …
Cracks showing at Ibstock as profits collapse despite efforts to slash costs
Ibstock has seen a 71 profit crash as UK sales sank and inflation whipped up materials prices. The London-listed building solutions provider and products manufacturer today said that profit before …
Gambling giant 888 admits defeat in war for US gamblers
888, the gambling giant which owns William Hill and a host of other major brands, looks set to exit the US market despite the country’s sports-betting boom – giving up …
Legal and General pledges ‘fresh perspective’ as profits slip below expectations
London insurance giant Legal and General said it would take a “fresh perspective” today after the firm missed market expectations and post-tax profit slumped over the past year. In its …
Premier Foods: £33m windfall after suspending pension deficit payments early
Premier Foods will swoop in for a £33m windfall after reaching a deal with the trustee of its pensions scheme to suspend deficit contribution payments next month. The retail giant …
Nichols: Costs take a bite out of Vimto maker’s earnings
Vimto maker Nichols said it is continuing to trade in line with expectations despite posting an 8.1 per cent decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA). This …
Quilter reports growth as bosses celebrate hitting cost-cutting targets early
Quilter reported that the firm’s cost-saving measures were successfully being implemented ahead of target as the firm managed to cling onto net inflows in its 2023 results. Assets under management …