Budget supermarket chain Farmfoods has said rising costs weighed on its profit as it battled to keep prices down for its customers. The business, which is headquartered in North Lanarkshire …
Investing
Economic uncertainty pushes potential house buyers to hold off
An unpredictable economic and policy landscape has caused a slowdown in housebuying activity in the UK, according to new data. There were 93,630 UK residential transactions in August, two per …
Hawksmoor: Steakhouse in the red despite record sales
Steak restaurant chain Hawksmoor has fallen into the red despite its sales passing the £100m mark for the first time. The London-headquartered business reported a pre-tax loss of £1.6m for …
Ronnie O’Sullivan and Thomas the Tank Engine director launch snooker TV channel
Ronnie O’Sullivan has teamed up with a former director of Thomas the Tank Engine to launch the world’s first dedicated snooker TV channel. Pluto Snooker 900, which launches next week, …
Pandora: UK profit slumps as sales slip after record high
Profit at the UK arm of luxury jewellery brand Pandora has fallen significantly as its sales slipped back from a record high. The London-headquartered division has posted a pre-tax profit …
Government urged to prioritise UK tech amid US investment surge
UK cloud provider Civo has launched its ‘tech sovereignty agenda’, urging the government to place greater emphasis on domestic technology amid an unprecedented wave of investment from US tech giants. …
Asahi cyberattack halts domestic operations amid ongoing investigation
Japan’s largest brewer, Asahi Group Holdings, remains unable to resume production at its domestic factories following a cyberattack on Monday, with the firm unable to provide a timeline for when …
Wembley Park developer slashes losses by over £600m
Losses at the company behind the transformation of Wembley Park in London were slashed by more than £600m during its latest financial year, it has been revealed. Quintain has posted …
Asos shares sink after sales fall behind expectations
Shares in e-commerce fashion firm Asos have tumbled after the company reported sales short of expectations and vowed to extend its cost-cutting programme in a bid to secure “even stronger …
Wolseley City launch sends Wolseley Group sales past £10m
Strong sales at Wolseley City have pushed the eponymous restaurant group’s sales past £10m for the first time, its latest accounts show. The King William Street-based bar and restaurant, which …