Superdry drafts in PwC to help with debt after profit warning and sales slump January 16, 2024 Superdry has drafted in advisors to help explore its debt-raising options, following a profit-warning posted last month by the firm.
New year hangover for Diageo’s boss as expectations lowered again January 16, 2024 Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
Why Gen Z is avoiding the corporate ladder and what ‘tough questions’ it poses for business January 16, 2024 Generation Z is beginning to shrug off the corporate ladder climb, new research suggests, while some experts believe the UK entrepreneurial landscape – and the workplace – could be changing. An analysis of Companies House data by accounting firm Hazlewoods showed the number of Gen Z directors of UK companies jumped 42 per cent in [...]
Shell halts Red Sea shipments indefinitely over Houthi fears January 16, 2024 Shell's decision follows that of shipping giants Hapag Lloyd and Maersk
Cyber attacks top risks for UK firms in 2024 but spectre of natural disasters looms large January 16, 2024 The Allianz Risk Barometer has ranked cyber incidents as the biggest risk for businesses, both globally and in the UK, by companies of all sizes and over a range of sectors.
Fujitsu ‘helped Post Office with prosecutions’ and staff knew of Horizon problems, MPs told January 16, 2024 The boss of scandal-stricken Fujitsu has said staff at the company pre-2010 knew there were issues with its Horizon technology.
Goldman Sachs ended 2023 strongly despite investment banking weakness January 16, 2024 Goldman Sachs reported that profit jumped at the end of 2023 as the bank’s asset and wealth management arm helped offset continued weakness in investment banking. In the three months to December, the bank’s net earnings climbed 51 per cent to $2.0bn, up from $1.3bn in the same period last year. The jump in profit [...]
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
How one manufacturer collapsed into administration owing over £100m before being rescued January 16, 2024 The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.
Costs £43bn or saves £15bn: Spat over taxpayer billions at Drax carbon capture site January 16, 2024 Climate think tank Ember claims Drax is pushing through a new facility to help its existing plant out of financial difficulty