UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says March 27, 2024 A mega project to build an electricity "superhighway" cable link between Scotland and Yorkshire is to receive £3.4bn.
CMC Markets raises income expectations on continued ‘positive momentum’ March 27, 2024 CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter.
Scotch Malt Whisky Society owner hit by China downturn March 27, 2024 Scotch whiskey business Artisanal Spirits Company said it was “disappointed” in its growth for the year to December.
Ithaca Energy to buy Eni’s UK assets, but mothballs projects due to windfall tax March 27, 2024 Ithaca Energy, a leading UK independent exploration and production company, has announced plans to combine with substantially all of Eni S.p.A.'s UK upstream assets
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed March 27, 2024 The chief executive of Travis Perkins is to step down after five years in the role.
‘No evidence’ Endeavour ex-CEO payments were made to terrorist groups, firm says March 27, 2024 Sebastian de Montessus was fired as CEO of Endeavour earlier this year, with the firm's investigation now complete
Old Mutual profit surges 35 per cent as African insurer grows March 27, 2024 Pan-African financial services group Old Mutual have seen profits surge 35 per cent last year due to “exceptional sales growth”. The London-listed group, which is Africa’s largest insurer by assets, revealed that profits totalled 7.1bn rand (£295m) throughout 2023, Chief exec Iain Williamson said the group’s success was underpinned by “exceptional sales growth”, with gross written premiums climbing 14 [...]
Vanquis Bank swings to annual loss and slashes dividend after jump in impairment charges March 27, 2024 Vanquis Banking Group has swung to an annual loss and slashed its dividend after the specialist lender saw a jump in impairment charges, following a profit warning for 2024 earlier this month.
Sir Martin Sorrell’s S4Capital hits stormy waters after breakneck growth March 27, 2024 Operational earnings before interest, tax, deprecation and amortisation (EBITDA) for the year came in at £93.7m, down 24.6 per cent on a reported basis or 36.6 per cent on a like-for-like basis.
Revolution Beauty raises guidance as it ploughs ahead with growth plans March 27, 2024 Scandal-stricken Revolution Beauty has raised its profit guidance for the year, as it ploughs ahead with plans to reach £1bn in retail sales over the next six years.