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News

  • August 6, 2024

UK fintech investment almost triples in first half of 2024 as sector outperforms Europe

Investment in the UK's fintech sector almost tripled in the first half of 2024, new data shows, as a slew of major deals helped the country retain its title as the centre of European fintech funding.

  • August 6, 2024

Orient Express and Royal Scotsman owner Belmond still in the red despite sales rise

The UK arm of the company that runs the Venice Simplon-Orient Express increased its sales but saw its pre-tax loss widen during 2023, it has been revealed.

  • August 6, 2024

Zalando: Online fashion giant reports strong growth after push into AI

Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Ad

  • August 6, 2024

Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed

Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquar

  • August 6, 2024

London pub group handed lifeline after administration and closure woes

A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m deal.

  • August 6, 2024

Travis Perkins lowers profit forecast on housing market slowdown

Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.

  • August 6, 2024

Epwin poised for £25m profit in 2024 despite revenue dip

Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results in the first six months.

  • August 6, 2024

Sig profit plummets as cracks show in European flooring market

Sig said its performance reflected "challenging conditions" in the UK Interiors market, where it designs anything from ceilings to raised access flooring.

  • August 6, 2024

GSK wins latest Zantac trial as jury finds drug did not cause woman’s cancer

GSK - formerly GlaxoSmithKline - has won its latest trial over whether its most popular drug caused cancer on Monday, after a jury found it was not the root cause of an American woman's illness.

  • August 6, 2024

Principality Building Society’s profit nearly halves as lower rates offset mortgage boost

Principality Building Society, the largest mutual lender in Wales, has seen its profit nearly cut in half as mortgage price wars and looming interest rate cuts dragged on its lending margins.

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