Marex hails record year as market volatility boosts profits to £49m Marex London-based broking and trading firm Marex hailed a record set of results today as wild swings in commodity markets helped boost profits by 70 per cent.
AO World swings to £37m loss as costs skyrocket AO world Online electrical retailer AO World revealed it had swung to a £37m loss in the year to March as costs skyrocketed and pandemic-induced boom in sales dropped off.
Helios Towers revenue swells as it sets aside $650m for acquisitions spree london-listed Telecoms infrastructure company Helios has had its revenue swell by a quarter to over $265m, following a M&A spree in Africa. The London-listed firm, which focuses on the Middle East and Africa for its telecoms infrastructure, has also seen its phone tower sites jump by more than 2,000 over the past year to some 10,700 [...]
Newbuild house sector bolsters brickmaker Marshalls’ revenues August 18, 2022 Building materials manufacturer Marshalls today “robust” results for the first half of 2022 that saw its pre-tax profits jump 13 per cent on the back of a 17 per cent uptick in revenues. The uptick came as higher revenues from Marshalls’ building products business offset a slight drop in revenues from the West Yorkshire firm’s [...]
Made.com confirms emergency measures to bolster balance sheet August 18, 2022 Furniture firm Made.com confirmed it is mulling a capital raise to shore up its balance sheet today as it grapples with a plummeting share price and soaring costs.
City Moves: Who’s switching jobs in the Square Mile? August 18, 2022 A roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Allen & Overy Law firm Allen and Overy has announced a new partner to lead its India Corporate practice. Harsh Pais joins A&O after an 11-year stint as a partner at Indian firm Trilegal, where he co-headed the [...]
UK debt interest payments show the desperate need for economic growth August 18, 2022 Towards the end of the Johnson administration, which still staggers along in zombie-like fashion, it became fashionable to say that the problem was it never really stood for anything. This is true: even now with a degree of distance, Johnsonism remains something of a mystery beyond its defining principle that Boris remain very much in [...]
Exclusive: Three names Iain Milligan as new Chief Network Officer to drive 5G rollout August 18, 2022 Three UK today announced that Iain Milligan has been appointed the new Chief Network Officer (CNO), responsible for the rollout of the firm's 5G growth.
Ofgem under pressure as director quits role after price cap changes August 17, 2022 An Ofgem director has quit their role after the watchdog changed the methodology of the price cap, imposing hundreds of pounds on households.
Exclusive: ‘No surprises’ for Hochschild Mining with output resilient amid plunging profits August 17, 2022 Hochschild boss Ignacio Bustamante argued there were “no surprises” in the company's results, despite a sharp plunge in profits.