The Very Group, the retail giant owned by the billionaire Barclay family, has secured a £125m investment as it fell to a half-year loss. The Merseyside-headquartered company has received around …
Investing
Brickability: Shares slump as construction slowdown forces lowering of expectations
Shares in Brickability Group slumped over nine per cent this morning after the board noted a slowdown in demand for building materials. In an update this morning, the supplier of …
17 amazing London festivals to book now ahead of summer
Here are 17 amazing London festivals, from cutting edge dance music to Monty Don in a palace. Whatever your musical tastes, there’s an option for you to party in a …
Ryanair agrees partnership with travel agent rival On the Beach after legal row
Ryanair will list its flights with long-running travel agent adversary On the Beach, despite a history of disputes and legal skirmishes. In a statement on the London Stock Exchange, On …
Abrdn hands chief £800k bonus as profits slide and investors pull £13.9bn
Fund manager Abrdn has handed chief executive Stephen Bird a £800k bonus despite clients pulling out even more funds, leading to a slump in annual profits. Bird’s total pay for …
FCA reportedly set to name firms under investigation in enforcement push
The Financial Conduct Authority is planning to publicly name the companies it is investigating in a bid to deter firms from breaking the rules and encourage whistleblowers to come forward, …
Smith and Nephew lifts outlook as medical device revenue growth offsets China slowdown
Smith and Nephew, the medical technology business reported steady revenue today growth despite ‘headwinds’ in China slowing down its 12-point growth plan. The FTSE 100-listed firm said its fourth-quarter revenue …
Orsted brings in new finance and operations chiefs amid wind industry challenges
Orsted, the world’s largest offshore wind farm developer, has brought in a new CFO and COO as it battles with macroeconomic challenges pummelling the sector. The Danish energy giant announced …
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget
Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continued to seek out discounts despite cooling inflation. …
Customers’ own brand switch slows sales growth at Victorian Plumbing
Customers switching to own-brand products because of the cost-of-living crisis impacted sales at Victorian Plumbing during the first part of its financial year, according to new figures. The Skelmersdale-headquartered company …