IQE: ‘Growth ahead’ says boss of Cardiff semiconductor firm as sales expected to jump July 23, 2024 The Cardiff-headquartered company said it expects revenue to be at least £65m in the first six months of the year.
Compass: Return to office and university helps catering giant to double-digit growth July 23, 2024 Catering company Compass has reported double digit growth in the third quarter of 2024 as it looks to expand past North America and the UK. Revenue in Europe led with 12 per cent growth, while in North America it grew by 9.9 per cent and in the rest of the world grew by 8.5 per [...]
Headlam: Flooring sales slump as Brits spend less on home improvements July 23, 2024 British flooring specialist Headlam has had a challenging six months as it says people are spending less on home improvement projects, driving a slump in its revenue.
Warehouse REIT reports double-digit rental growth as race for space heats up July 23, 2024 Warehouse REIT was able to push through average rent hikes of more than 15 per cent over the last quarter, but the trust’s stock price has failed to keep up. In a quarterly trading update, the trust said it had inked 12 new lettings during the second quarter of this year, bringing in £515,000, a [...]
Luxury faces a reckoning: What do Gucci, Burberry and LVMH need to do to survive? July 23, 2024 The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs. Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season [...]
Make no mistake, tax rises are on the way July 23, 2024 Evidence is piling up that Chancellor Rachel Reeves will almost certainly be forced to raise taxes this autumn, Chris Dorrell writes
Home REIT sister fund calls in investment manager to lead rescue effort July 23, 2024 A Home REIT sister fund under investigation by the City regulator has called in a new investment manager to try and save it from collapse and salvage tens of millions of pounds of pension cash, City A.M. can reveal.
‘Ugly duckling’ Ruffer sticks by market crash predictions July 23, 2024 The £1bn 'ugly duckling' Ruffer Investment Company has reported a tough year after making wrong calls about the path of the economy, but analysts hope that the long-term bets made by the trust will pay off.
And another! EY upgrades forecasts for UK economy July 23, 2024 The UK received another upgrade on the back of its strong performance in the first half of the year, with EY the latest firm to bump up forecasts for the economy.
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.