Sosandar has announced plans for a third store in the UK as part of its transition to a “multichannel retailer”. The store in Newcastle’s Metrocentre is expected to open in …
Personal Finance
Spotify: UK adverts boom helps sales and profit surge
Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant …
BT shares slump after competitor Cityfibre strikes major deal with Sky
BT shares slumped five per cent in early deals this morning after it was revealed that Sky had struck a broadband deal with one of its biggest rivals. Sky is …
Revenue slides at Wood Group after Sidara snub but guidance kept
Engineer Wood Group maintained its full year guidance despite sliding into the red after a dip revenue in its first set of results since Emerati competitor Sidara pulled out of …
The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host
The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of …
Mike Lynch and Jonathan Bloomer: Search continues as Italian coastguard ‘unsuccessful’ with early inspection
The Italian coastguard has started its second day of searching for survivors of a sunken superyacht off the coast of Sicily, including the tech media mogul Mike Lynch and Morgan …
Weir Group wins £53m Pakistan copper mining tech contract from Barrick
Mining specialist Weir Group has won a £53m contract for the Reko Diq copper-gold project, a 50 per cent owned greenfield development by Barrick. Located in Pakistan’s province of Balochistan, …
London City Airport given go-ahead to expand capacity but more Saturday flying rejected
The government has granted London City Airport permission to significantly expand capacity, in one of the first signals of its approach to growing Britain’s aviation sector. The plans mean the …
GSK receives US breakthrough therapy designation for lung cancer treatment
Pharmaceutical group GSK has been granted breakthrough therapy designation by the US Food and Drug Administration (FDA) for a key lung cancer treatment. The breakthrough therapy designation is designed to …
Gran Tierra Energy pounces on i3 Energy in £175m deal
Oil producer Gran Tierra Energy has announced a £175m deal to acquire its London-listed peer i3 Energy. Under the terms of the deal, which was announced in the early hours …