Nationwide has turned to AI in a bid to avoid any further entanglements with a UK watchdog after its adverts starring Dominic West were banned for being misleading. The country’s …
Retirement Planning
M&C Saatchi has “much more to do” ahead of new CEO arrival
Media stalwart Zillah Byng-Thorne said this morning that ad agency M&C Saatchi, which she now chairs, still had “much more to do.” The former head honcho at publishing giant Future …
Chamberlin shares plunge as engineering group cuts jobs and hikes prices
Shares in Chamberlin plunged 20 per cent this morning after it hiked prices and announced a wide-ranging cost cutting programme to tackle a slowdown in demand. The Walsall-based firm, which …
THG making ‘material progress’ as tech firm’s boss hails 2023 EBITDA growth
Cult Beauty and MyProtein owner THG saw continuing adjusted EBITDA growth of almost 50 per cent in 2023 compared to the year before, it told markets in a statement this …
Tesco’s profit surges as lower prices draw in consumers
Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew …
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue
UK tool and machinery specialist Speedy Hire said its 2023 results would be lower than initial expectations as softer demand and warmer-than-expected weather hit. In a trading update issued to …
‘Lack of appetite’ in London drives another high-tech firm to Nasdaq
A British medicine research firm has quit London’s AIM market citing a ‘lack of institutional UK interest’ and “risk appetite” as it launches a fundraise and switches to US markets. …
Epwin investors in line for bumper payout despite ‘sluggish’ housing market
Epwin Group, the building products supplier, has hiked its dividend by eight per cent after full-year profit came in ahead of market expectations. The manufacturer, which supplies the new build …
Direct Line poaches another Aviva executive as new finance chief as turnaround continues
Insurer Direct Line has appointed Aviva executive Jane Poole as its new chief financial officer, joining her old boss as the firm looks to narrow its losses and cut costs. …
IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales
British semiconductor firm IQE has posted another annual operating loss. Revenue slumped as it grappled with headwinds in the semiconductor market. On Wednesday, the AIM-listed company reported a £25.8m operating …