Sainsbury’s has urged the government to cut business rates and warned that failure to act could lead to over 17,000 shop closures over the next decade. It has called for …
Financial Planning
Team Internet: Revenue soars after £33m takeover of online marketing firm Shinez
Web services firm Team Internet has seen its sales surge after it acquired an online marketing firm earlier this year. The London-listed firm, which is headquartered in the City, saw …
Stelrad: Radiator supplier’s revenue dips as demand cools
Stelrad has reported a drop in revenue as it grappled with a “continued reduction” in demand throughout the first half of the year. The London-listed radiator supplier brought in £143.1m …
Peloton loses almost £100m as UK arm sheds hundreds of jobs
The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 …
Impax Environmental Markets assets dip while holding out hope for ‘resurgent M&A’
Impax Environmental Markets has reported a 0.5 per cent decline in the net asset value (NAV) of the trust over the six months to 30th June. The investment trust reported …
Meet the fund managers: ESG investing across the globe
In this new weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Geir Lode, lead portfolio manager on the …
BT Group: Altice sells 25 per cent stake in FTSE 100 giant to Bharti
FTSE 100 giant BT Group’s largest shareholder has agreed to sell its 24.5 per cent stake in the telecoms company to Indian conglomerate Bharti. French owner Altice, which has struggled …
Heathrow smashes passenger records despite ‘devastating’ £10 transit charge hit
Heathrow Airport has retained its crown as Europe’s busiest airport over the first half of the year as passenger traffic broke records multiple times in July. Some 8m travellers passed …
Marshalls: Revenue at building supplier drops but group ‘cautiously optimistic’ about the future
Housing industry supplier Marshalls has reported a mixed set of results for the first half of the year due to what management called “weak end markets.” However, despite weakness in …
WH Ireland: Small-cap broker’s revenue plunges amid AIM swoon
WH Ireland, the broker for small and medium-sized public companies, has reported a near 20 per cent slump in revenue due to “extremely challenging” market conditions. The group also reported …