Reach: Daily Mirror and Express owner beats profit forecasts March 4, 2025 Reach, the owner of the Daily Mirror and the Express, beat annual profit forecasts on Tuesday as its efforts to cost cuts began to pay off. Operating profit increased six per cent to £102.3m, exceeding analysts’ forecasts of £97.4m. Earnings per share jumped 16 per cent to 25.3p even as revenue declined 5.3 per cent [...]
Boeing issues weigh on FTSE 250 group Senior’s results March 3, 2025 Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]
Aston Martin to cut 170 jobs in cost-cutting drive February 26, 2025 Luxury carmaker Aston Martin is planning to cut 170 jobs in a bid to drive down costs and turnaround a struggling share price. The plans involve axeing five per cent of its global workforce, which it estimates will save around £25m. It came as Aston Martin reported wider full-year losses of £289.1m and a three [...]
On the Beach: Summer bookings soar after record year February 25, 2025 On the Beach is expecting another bumper summer of travel in 2025 after reporting a surge in advanced bookings. The London-listed travel firm said total transaction value (TTV) growth, a measurement of ticket sales, had risen 10 per cent year-on-year for the upcoming summer. Group TTV for holidays scheduled from March through to June is [...]
Trainline shares tumble as further rail ticketing plans unveiled February 19, 2025 Trainline shares tumbled almost nine per cent on Wednesday as the government unveiled more details on how sweeping railway reforms will impact the ticketing sector. Great British Railway (GBR), the arms-length body that will oversee the UK’s railway system, is set to bring together individual train operator’s onto a single website. The Department for Transport [...]
BAE Systems forecasts more than £30bn in sales in 2025 February 19, 2025 BAE Systems has forecast more than £30bn in sales in 2025 as governments across the globe face pressure to hike military spending. The London-listed defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024. Underlying pre-tax earnings are also expected to rise eight [...]
Astrazeneca: ‘We’re too big to base our CEO’s pay on FTSE 100 peers’ February 18, 2025 Astrazeneca is too big and complex to base its chief executive’s pay packet on the rest of the FTSE index, according to the chair of its remuneration committee. Writing in the pharmaceutical giant’s annual report, chair Sheri McCoy said “UK-listed FTSE companies are not the right peer group for us to use” given the group’s [...]
Assura: FTSE 250 firm rejects £1.5bn takeover approach February 17, 2025 FTSE 250 healthcare real estate investment trust Assura has rejected a takeover offer worth more than £1.5m – the fourth such deal it has turned down in the last six months it has been revealed. The Altrincham-headquartered business hit the headlines at the end of last week when it emerged it had been approached by [...]
FTSE 250 Assura receives unsolicited takeover approach February 15, 2025 Assura, the FTSE 250 healthcare real estate investment trust, has received an unsolicited takeover approach from private equity giant KKR and a major universities pension scheme. The Altrincham-headquartered company confirmed late on Friday that it had been contacted by KKR and USS Investment Management, which is representing Universities Superannuation Scheme (USS). The parties have until [...]
Motor finance scandal: Close Brothers on the hook for £165m February 12, 2025 Close Brothers will be forced to set aside £165m in its half-year results following recent developments in the motor finance scandal. The calculation is based on currently available information but the merchant bank said ultimate costs could be “materially higher or lower” given uncertainty surrounding the FCA’s ongoing review of motor commissions. Close Brothers said [...]