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 …
Retirement Planning
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 …
Bivictrix quits London’s AIM to chase private funding as market ‘undervalues’ firm
Biotech firm Bivictrix Therapeutics is the latest company to exit the London Stock Exchange’s AIM market, citing difficulties in raising funds compared to its privately-owned competitors. The company, which is …
The Brewery: Royal Ascot caterer buys landmark City of London venue
The company that provides catering for Royal Ascot has acquired a major large scale event venue in the City of London. Rhubarb Hospitality Collection (RHC) has snapped up The Brewery, …
Can the poshest wellness retreat in Thailand cure me?
Thailand has kind people and a vast history of traditional wellness. But can it cure a tired Millennial? Adam Bloodworth finds out A textbook Bangkok afternoon: the sun is doing …