Compulsory liquidations hit highest level in almost six years August 20, 2024 New figures from the Insolvency Services showed that there were 320 compulsory liquidations in July, the highest number since before the pandemic.
Typhoo Tea: Loss widens after trespassers cause ‘extensive damage’ to factory August 20, 2024 Typhoo Tea made a loss of almost £40m during its latest financial year after trespassers caused “extensive damage” to its Merseyside factory. The company, which recently relocated its registered office from Birkenhead, Merseyside, to Bristol, incurred one-off costs of more than £20m after its Moreton factory was broken into and occupied for several days during [...]
Why is Wizz Air training pilots using virtual reality? We went to Budapest to find out August 20, 2024 Join City A.M. in Budapest, Hungary, as we visit Wizz Air's pilot training centre. The budget carrier is using Airbus-developed virtual reality to train new pilots.
Software firm Tribal reports lower profit following legal settlement August 20, 2024 Educational software provider Tribal Group reported lower post-tax profit and earnings per share in its interim results, sending shares down 5.3 per cent at market open on Tuesday. The Bristol-based company that provides software and services to the international education market, said profit after tax fell 69 per cent to £1.4m in the six months [...]
Samsung UK: TVs boost profit despite smartphones losing ground August 20, 2024 The rise in popularly in premium TVs helped Samsung’s UK profit surge during its latest financial year despite the electronics giant losing ground in the smartphones market. The UK arm of Samsung has reported a pre-tax profit of £135.3m for 2023, up from £126.8m, thanks to it boosting its market share in high-end televisions. The [...]
CK Infrastructure jumps on London Stock Exchange debut as rules shake-up pays off August 20, 2024 Shares in CK Infrastructure Holdings have risen on their London debut as the Hong Kong investor became the first company to list its shares since a sweeping overhaul of listing rules in July.
Watch: Rocket engine explodes at a UK spaceport in the Shetland Islands August 20, 2024 Spacecraft firm Rocket Factory Augsburg (RFA) said no-one was injured in the explosion and regular operations would return "as soon as possible."
The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host August 20, 2024 The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of Maison Estelle and Gleneagles Townhouse, has reported a pre-tax loss of £3.7m for the 12 months to March 31, 2024, according to newly-filed accounts with [...]
Revenue slides at Wood Group after Sidara snub but guidance kept August 20, 2024 Engineer Wood Group maintained its full year guidance despite sliding into the red after a dip revenue in its first set of results since Emerati competitor Sidara pulled out of a deal for the firm at the eleventh hour. The Aberdonian firm, which generates much of its revenue providing engineering services to the oil and [...]
Spotify: UK adverts boom helps sales and profit surge August 20, 2024 Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant has reported a pre-tax profit of £22.3m for 2023, according to newly-filed accounts with Companies House. The total comes after Spotify posted a pre-tax profit [...]