Lower power prices hit investment trust Renewables Infrastructure Group August 9, 2024 Renewables Infrastructure Group’s net asset value (NAV) has declined four per cent since the start of the year as low power prices and weak energy generation have hit the investment trust. The £2.5bn trust was launched in 2013 to invest in renewable energy generation and supporting infrastructure. In its interim results today, it revealed that [...]
Bellway: Revenue drops but housing market on the up August 9, 2024 Housebuilder Bellway’s revenue has dipped by more than £1bn as “challenging operating conditions” have continued to hit the group. The London-listed company, headquartered in Newcastle upon Tyne, brought in revenue of £2.3bn in the year ending July 30, 2024, down from just under £3.4bn in the 12 months before. Revenue fell as the number of [...]
Bowleven to delist from London Stock Exchange’s AIM amid stalled oil project August 9, 2024 Listed oil and gas company Bowleven is set to de-list from the London Stock Exchange to be re-registered as a private limited company
Revolution Bars: Chain to close 25 sites as significant restructuring plan approved August 9, 2024 Revolution Bars’s restructuring plan has been approved by the company’s major stakeholders. In an announcement published today, the company said its plan has been sanctioned by the Court and has been supported by its lenders. The group said it would close as many as 25 bar and pub locations as part of the plan. It [...]
It’s over: FTSE 100 giant Hargreaves Lansdown receives £5.4bn private equity bid August 9, 2024 Hargreaves Lansdown has finally received an official bid from potential private equity buyers that management is prepared to recommend to shareholders. The £11.10 share bid, along with a dividend of 30 pence for the end of the financial year, came after months of negotiations between the DIY platform business and the consortium of private equity [...]
Tiktok strikes gold with Team GB: 25 per cent revenue surge in UK during Olympics August 9, 2024 Tiktok’s revenue has soared since the start of the Olympics thanks to an increase in advertising spend after it launched a campaign to debut GB athletes on the platform and as audience interest in the Games has piqued. The video sharing app, which is an official partner of Team GB and Paralympic GB, has revealed [...]
More advertisers to flee X after recent Elon Musk lawsuit and riot comments August 9, 2024 Elon Musk’s antitrust lawsuit against brands that have boycotted X and his controversial activity on the platform during the recent spate of UK riots are set to exacerbate the long-held misgivings advertisers have with the site, leading industry figures have said. On Tuesday, Elon Musk’s X – formerly Twitter – filed a lawsuit against a [...]
Imane Khelif recent record as Yang Liu bout awaits controversial boxer August 8, 2024 With Imane Khelif set to fight for Paris 2024 Olympic Games gold, what does her record look like? The Algerian has faced criticism from a number of official bodies and fans with regards to her genetic make-up. Some suggest – such as the discredited Russian-led International Boxing Association – that she is in fact a [...]
How class actions became a hot trend in the UK August 8, 2024 The class action boom has made the UK a major hub for legal action - but this surge is a rising concern for business on the impacts of these mammoth claims
‘It’s not where we want to be’: Asda sales shrink as supermarket rivals eat into market share August 8, 2024 Asda’s sales have dropped again after it continued to lose market share to its supermarket rivals, according to new figures. Revenue in its second quarter of its financial year was down 2.2 per cent, with a 5.3 per cent like-for-like decline, as its sales slump accelerated. Competitors like Morrison’s, Tesco and Sainsbury’s have been slowly [...]