Sunak climbdown a ‘reality check’ for UK’s net zero ambitions, says energy boss NET ZERO Rishi Sunak's rowback of green pledges was a "reality check" for net zero, the chief regulator of gas distribution company Cadent has.
Arm and Instacart slides shows the global IPO window may have already slammed shut IPO A slide in the value of Arm and delivery outfit Instacart have dampened hopes that the global IPO market is about to swing wide open, analysts have warned today.
Co-op invests £70m into fresh price cuts for as losses narrow Retail The Co-op has invested a further £70m investment into lowering pricing for customers as its losses narrowed after the sale of its forecourts business to Asda. The retailer pumped £20m into price cuts in the first half year and said it now has plans for a further £70m investment, which includes 200 reductions for users [...]
Octopus Renewables Infrastructure Trust weighs up asset sales amid turmoil September 21, 2023 Octopus Renewables Infrastructure Trust is considering offloading a number of assets to generate cash amid challenging conditions.
DFS profits halved as sofa maker is battered by ‘tough economic climate’ September 21, 2023 Sofa seller DFS saw annual profits almost cut in half, sliding to £29.7m from £58.5m a year earlier, as the retailer was battered by economic conditions. Revenue from operations fell 5.3 per cent to £1.09bn in the year to June 25, with the group blaming soaring inflation. Chief executive Tim Stacey said that the company [...]
Japan’s troubled Toshiba to delist after takeover by consortium succeeds September 21, 2023 A 2 trillion yen tender offer for troubled electronics giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted.
Upper Crust owner SSP sees share price fall despite strengthening revenues September 21, 2023 Upper Crust owner SSP has said it expects revenue to be at the higher side of previous guidance this year as it benefited from a recovery in air travel.
Australia tribunal pushes Chevron, LNG unions to resolve wage fight September 21, 2023 Australia's industrial arbitrator on Thursday pushed Chevron and unions to resolve a long-running dispute over pay and conditions.
JD Sports’ sales hit £4.7bn as trainers king ramps up athleisure drive September 21, 2023 JD Sports said revenues grew 8.3 per cent to £4.7bn in the six months to the end of July, as the trainers champion continues to plough ahead with its athleisure expansion plans. The shoe and sportswear stores reported a 25.8 per cent growth in statutory profit before tax to £375m and operating profit grew 20.2 [...]
Next does it again: Profit guidance raised at retail miracle-maker September 21, 2023 Next has raised its full year profit guidance for the third time this year despite well-publicised pressures on the high street