Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m for the full year. In an update …
Financial Planning
Wizz Air losses mount as Israel-Gaza war and Pratt & Whitney engine issues bite
Wizz Air said it had swung to a loss in the last quarter as supply chain issues at a key engine provider and costs associated with the Israel-Gaza conflict hit …
GSK spin-off Haleon offloads Chapstick brand for £400m to ‘simplify’ business
Consumer healthcare company Haleon has agreed to sell its Chapstick lip balm brand to Yellow Wood Partners in a deal worth $510m (£401m) as part of efforts to “simplify” its …
Dr Martens given a kicking but maintains downgraded guidance
Dr Martens has held its full year guidance after third quarter revenues were kicked down by a fifth, blaming weak demand for its leather boots in the US. The British …
Rio Tinto chief ‘numb’ as mining giant confirms four among plane crash dead
London-listed mining giant Rio Tinto has confirmed a number of its workers were on board a plane which crashed, killing six in total. The company issued a statement this morning …
Tesla forecasts ‘notably lower’ EV sales as Musk-run firm warns on China threat
Tesla said it expects electric vehicle (EV) sales growth to come in “notably lower” this year despite its aggressive cost cutting strategy, amid a slowdown in demand. Elon Musk’s outfit …