Profit slashed at Britain’s Got Talent maker Fremantle October 3, 2024 Profit was slashed at the UK arm of Fremantle, which makes shows such as Britain’s Got Talent during its latest financial year, it has been revealed. The London-headquartered division has reported a pre-tax profit of £9.4m for 2023, down from the £22.9m it achieved in 2022. Newly-filed accounts with Companies House also show its turnover [...]
National Grid set to earn windfall from Electricity System Operator sale October 3, 2024 National Grid has said it expects to earn roughly £70m more than previously anticipated from its Electricity System Operator (ESO), which it sold to the government last month.
British Land splashes out on portfolio of retail parks October 3, 2024 Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
SSP Group: Upper Crust owner reports ‘significant increase’ in profitability October 3, 2024 The travel food specialist behind Upper Crust SSP Group has reported a boost in revenue, with UK sales supported by demand for air travel and easing rail disruptions. Revenue grew by 17 per cent for the year to 30 September, with full-year operating profit expected to be £210 to £220m, up around 30 per cent [...]
Galliford Try hikes dividend as profit surges October 3, 2024 Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.
Tesco ups guidance after first-half performance ‘exceeds expectations’ October 3, 2024 Supermarket giant Tesco has upped its profit guidance following another strong period of trading for the UK’s biggest grocer. Tesco increased its retail adjusted operating profit guidance to £2.9bn, from £2.8bn, after it “delivered volume growth ahead of expectations”. Continuing sales at the grocer grew 3.5 per cent in the 26 weeks ended 24 August [...]
Socialists won’t stop my bumper bonus, says Wizz Air boss October 3, 2024 Varadi is blunt at times and tough to decipher, but his backstory is undeniably impressive. The 59-year-old speaks to City AM in Rome.
Mark Kleinman: Pay compass points towards a defiant City October 3, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles executive pay, Rightmove subs and firm YNAP window-shopping Pay compass points towards a defiant City Who says work doesn’t pay? That’s not been the case in the last [...]
Public opinion of Harrods craters following claims against Al Fayed October 3, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. On 19 September, the BBC aired a documentary in which more than 20 female ex-employees of Harrods made abuse allegations against Mohamed Al Fayed. Since the original broadcast, 200 more women have come forward with claims against the luxury [...]
Square Mile and Me: Allwyn boss Andria Vidler on her career before the National Lottery October 3, 2024 We dig into the memory bank of the City’s great and good. Today, Andria Vidler, CEO of National Lottery operator Allwyn, takes us through her career.