Revolut named in more police fraud reports than any UK bank last year October 14, 2024 Revolut was named in more police fraud reports than any UK bank last year, new data has revealed, as the fintech prepares to launch as a fully-fledged lender in its home market.
Eli Lilly: UK must improve its offering as a ‘small market’ after Brexit October 14, 2024 The UK has become a “relatively small market” since leaving the European Union and must develop a different investment proposition from its counterparts in order to be interesting to multinational corporations, the boss of one of the world’s largest pharmaceuticals firms has said. Speaking shortly after his firm announced it “anticipates making £279m investment over [...]
Investment Summit: Industrial strategy is ‘not picking winners’, Starmer insists October 14, 2024 The UK is “not in the business of picking winners” but is focused on “building on our strengths”, Sir Keir Starmer has said, as he unveiled the government’s industrial strategy at its flagship investment summit in London. The Prime Minister told the conference in the City of London today that the government’s focus was on [...]
Stansted Airport to add 5,000 jobs as part of £1.1bn expansion plan October 14, 2024 Keir Starmer unveiled proposals to expand Stansted's existing terminal building by a third at Monday's investment summit in London.
Butlin’s: Price changes fail to stop holiday resort chain entering the red October 14, 2024 Holiday resort chain Butlin’s entered the red in the year after it was sold for £300m despite changing its pricing strategy, it has been revealed. The company has posted a pre-tax loss of £24.4m for 2023, according to newly-filed accounts with Companies House. The loss comes after the business, which runs sites in Bognor Regis, [...]
Meet the fund managers: Quality companies at a value price October 14, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
Sipsmith: Sales at gin maker fall for fifth year in a row October 14, 2024 Sales at gin maker Sipsmith have fallen for a fifth year in a row as it continues in the red. The London-based brand has reported a turnover of £14.2m for 2023 and a pre-tax loss of £17.2m, according to newly-filed accounts with Companies House. The new totals come after Sipsmith posted a turnover of £18.2m [...]
Aga Rangemaster cuts almost 200 jobs as sales cool October 14, 2024 Aga Rangemaster has blamed “a difficult year” and “challenging market conditions” as it cut almost 200 jobs in 2023. The company, which is headquartered near Nottingham, reduced its headcount in the year to 30 December, 2023, from 836 to 660. The latest total comes after the business had employed 907 people at the end of [...]
Wren Kitchens owner sheds 1,000 jobs as profit slumps after Ebuyer sale October 14, 2024 Profit at the group behind Wren Kitchens slumped to its lowest level since 2017 as its sales fell back from a record high and it shed 1,000 jobs. The West Retail Group, which is headquartered in Yorkshire, has reported a pre-tax profit of £35.1m for 2023, according to newly-filed accounts with Companies House. The total [...]
DP World: P&O Ferries owner unveils £1bn London Gateway investment following row October 14, 2024 DP World had threatened to cancel the announcement after Transport Secretary Louise Haigh described its subsidiary as a "cowboy operator."