Ladbrokes owner Entain warns of slower online gaming revenues GAMING Coral and Ladbrokes owner Entain has slashed its full-year outlook for online gaming revenues after worse-than-expected recent trading and said it was ramping up efforts to overhaul the business. The group said online net gaming revenues had been softer than predicted since the summer as sporting results went in favour of punters, as well as [...]
Aldi throws £1.4bn into expansion as discount grocer enjoys record sales Aldi German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Activist investor Kelso takes stake in ‘undervalued’ retailer The Works Activist investor Activist investor Kelso has snapped up a stake in arts and crafts retailer The Works today and said it will look to “restore the intrinsic valuation of the firm” after a slump in its share price over the past five years.
Evergrande: Shares dive again as China property giant says it can’t issue debt September 25, 2023 Shares of China Evergrande plunged as much as 24 per cent on Monday after the embattled developer said it was unable to issue new debt
Berry Bros & Rudd to snap up Britain’s oldest vineyard Hambledon for £22.3m September 25, 2023 Britain’s oldest commercial vineyard, Hambledon, is set to be picked off by the country’s oldest wine merchant after striking a £22.3m deal to sell itself, the firm announced today.
Aviva picks up rival’s protection business in £460m deal September 25, 2023 Insurance giant Aviva has acquired AIG's UK protection business for just shy of half a billion pounds, the firm confirmed this morning.
Airbus to expand UK workforce by 10 per cent in vote of confidence for aviation September 25, 2023 Airbus has announced plans to create another 1,100 jobs, in "a huge vote of confidence" for the UK economy.
British Business Bank says ‘social benefit’ is high as it swings to yearly loss September 25, 2023 The government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147m last year. The UK’s economic development bank said it was impacted by wider economic difficulties which led to a drop in the valuation of firms [...]
Why has US tech surged ahead of the UK? Naked ambition, says top investor September 25, 2023 The deep pockets of US investors are often touted as the fuel behind its world-dominating tech industry. But the real reason might be naked ambition, argues Oliver Holle, founder of pan-European investor Speedinvest.
Reported cyber security breaches increase threefold for financial services firms September 25, 2023 Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]