Shares in computer product manufacturer Concurrent Technologies jumped over five per cent this morning after it posted strong trading for the full year 2023. Concurrent, whose products are used in the …
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UK manufacturing slips back into contraction amid Red Sea disruption fears
New figures confirmed that the manufacturing sector slipped back into contraction in April as the sector suffered from uncertain demand and disruption in the Red Sea. S&P’s purchasing managers’ index …
Haleon posts healthy first quarter update after UK job cuts
Revenue at Haleon was up in the first quarter despite its announcement yesterday that it would cut over 400 jobs in the UK, as the consumer healthcare firm posted an …
Trinity Exploration and Touchstone Exploration set to merge in all-share deal
Trinity Exploration and Touchstone Exploration are set to merge after the two companies reached an agreement on the terms of a deal. In joint statements issued this morning, Touchstone said it …
Silverwood Brands issues ‘bumpy ride’ warning as Lush exit completes
Silverwood Brands has warned its financial figures will reveal it experienced a “bumpy ride” during 2023 as it completed its exit from Lush. The London-headquartered company added that while its …
Mulberry continues to suffer on weak luxury demand
A decline in luxury consumer spending and “challenging” macro-economic conditions have pushed Mulberry’s full-year revenue down by 4 per cent. Demand for luxury goods has fallen amid the cost-living crisis …
London tech company’s profits treble as stock soars over 130 per cent
London tech company Maintel said pre-tax profit more than trebled in 2023 following a major strategic review last year. Adjusted profit before tax jumped from £1.6m in 2022 to £5.5m …
Wickes announces fall in overall sales, guidance unchanged
Home improvement retailers Wickes have announced a 4.2 per cent fall in sales for the for the 16 weeks to 20 April 2024, driven by an 18.2 per cent fall …
HSS Hire ‘mindful’ of macroeconomic uncertainty despite dividend hike
Investors in HSS Hire can look forward to a higher dividend payout this year despite adjusted profit nearly halving on challenging macroeconomic conditions. The tool and equipment hire firm is …
Jeremy Hunt goes to bat for City firms with FCA ‘name and shame’ criticism
Jeremy Hunt launched a broadside against the financial regulator last night over its plans to name firms under investigation. The chancellor told the FT that he hoped the Financial Conduct …