Shares in XP Power slumped on Friday morning after the firm warned that it faced a “shortfall” in revenue due to weak customer demand. The firm, which supplies critical power …
Investing
The Independent eyes online news empire with control of Buzzfeed and Huffpost UK
British online newspaper The Independent is reportedly in talks to take over the operations of BuzzFeed and Huffington Post UK. Under a multi-year licensing deal, The Independent will assume editorial …
Inflation and cost rises bring losses near £50m at Harringtons pet food maker
A rise inflation and costs contributed to losses nearing £50m at the company behind the Harringtons pet food brand during its latest financial year, it has been revealed. The business …
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth
The rental market in London appears to have peaked, with price growth steady month-on-month, according to new government figures. Data released by the Office for National Statistics (ONS) showed that …
Tories smashed in by-elections as Labour pull off double victory
Labour romped home to two crucial by-election victories overnight, as Reform UK ate into the Conservative votes in both constituencies. Keir Starmer’s party built on poll momentum in the early …
Natwest notches high profit since 2007 as bank feels interest rate boost
Retail banking giant Natwest raked in its highest profits since before the financial crisis today as it raked in cash on the back of higher interest rates. In its full …
Virgin Media O2: Network accelerates at record pace amid TalkTalk rumours
Virgin Media O2 has accelerated its fibre network built across the UK by a record amount in 2023 amid rumours it could swoop on Talktalk’s consumer division. The telecoms giant …
Natwest confirms Paul Thwaite as new boss with £1.2m annual salary
Paul Thwaite has been confirmed by Natwest’s board to be the new group CEO, as he is set to take home a £1.1m pay package Thwaite has been serving in …
Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow
Segro, the London-listed real estate investment trust that owns a portfolio of warehouses and industrial property, said this morning that it could see rental income from its portfolio grow by …
Eutelstat: Satellite operator’s profits crash to earth as OneWeb delays hit revenues
Eutelstat Communications reported a dip in half-year profits after the French satellite firm slashed its annual guidance because newly merged OneWeb’s activities were running “behind schedule”. Adjusted earnings before interest, …