Boohoo rebrands as Debenhams in shift to a marketplace model March 11, 2025 Boohoo will rebrand to Debenhams as it shifts to a marketplace model to house its brands in the first phase of its turnaround plan. Shares in the company dropped just over three per cent on the news. The Manchester-based company has been struggling with low sales for its youth brands—Boohoo, PLT, and MAN—posting a pre-tax [...]
Costain doubles dividend as pipeline jumps March 11, 2025 Costain has doubled its full-year dividend after reporting a record increase in forward work. On Tuesday, the London-listed construction firm said it would increase its dividend per share from 1.2p to 2.4p. Earnings per share also rose by nearly a fifth to 14.6p, up from 12.2p the year prior. It came as Costain’s forward work [...]
Exclusive: London Lions owner pledges ‘hundreds of millions’ for new arena March 11, 2025 The Lithuanian billionaire who rescued London Lions has revealed he is ready to spend “hundreds of millions of pounds” to build their new home. Tomas Okmanas, the co-founder of cybersecurity company Nord, said the purpose-built basketball arena – by far Britain’s biggest – could house up to 20,000 spectators. The plans were first announced on [...]
Brewdog: James Watt’s brewer names second CEO in a year March 10, 2025 Brewdog has appointed a new chief executive for the second time in the space of a year following the departure of James Arrow for “personal reasons”. Arrow has been succeeded at the Scotland-based brewer by chief financial officer, James Taylor. Lauren Carrol has taken on the role of chief operating officer, Brewdog also confirmed. The [...]
Tech secretary to slash red tape in bid to boost tech growth March 10, 2025 The technology secretary has pledged to strip away outdated regulations that delay cutting-edge technology across the UK.
City group in talks over AIM transformation plan March 10, 2025 A group of City executives and financiers has cooked up an audacious plan to revamp the Alternative Investment Market (AIM). The group, led by former London fintech boss Jon Prideaux, want to rebrand and relaunch the junior index as the ‘Global Growth Exchange,’ according to a presentation seen by Reuters. The plan would allow new [...]
Travis Perkins: CEO steps down due to ill health March 10, 2025 The chief executive of Travis Perkins has stepped down with immediate effect because of ill health. Pete Redfern was appointed to lead the Northamptonshire-headquartered group in September 2024, succeeding Nick Roberts. In a statement issued to the London Stock Exchange, Travis Perkins said its board “supports Pete’s understandable decision to prioritise his health and wishes [...]
Lloyd’s of London expects £1.8bn hit from Californian wildfires March 10, 2025 Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]
Gary Neville signs deal with cult London coffee brand Grind March 10, 2025 Cult coffee brand Grind is to open its first base outside London after signing a deal with Gary Neville to take space at his landmark city centre development in Manchester. Grind has agreed to take over 3,000 sq ft at No.1 St Michael’s scheme which is being led by Neville’s Relentless Developments. Grind joins the [...]
GlobalData reports ‘transformational’ 2024 due to AI demand March 10, 2025 GlobalData has reported a five per cent increase in revenue to £285.5m for the year ended 31 December 2024, in line with market expectations. The company, which provides data and business intelligence solutions across various industries, reported earnings before interest, tax, depreciation and amortisation (EBITDA) growth of five per cent to £116.8m, with an EBITDA [...]