Vanquis boss defends scrapping dividend as bank swings to profit Banking The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
Currys: Shares dip despite interest rates helping sales at retailer Retail Electrical retailer Currys has reported a jump in profit after sales jumped thanks in part to a boost from lower interest costs. In a trading update on Wednesday, the firm said it expects pre-tax profit to come in at £162m, up 37 per cent year-on-year. Previous guidance had indicated profit for the period ending May [...]
Diploma: Shares in FTSE 100 firm rocket after profit upgrade Tech Shares in FTSE 100 firm Diploma rocketed on Tuesday after the firm upgraded full-year guidance and delivered a strong performance for the first six months of its financial year. In its half-year report, the company, which distributes specialised technical products and services, noted a 14 per cent jump in revenue to £728.5m. Organic revenue growth [...]
Alan Sugar’s empire hails record profit despite falling sales March 11, 2025 A group controlled by The Apprentice star Lord Alan Sugar has posted a record profit despite falling sales, it has been revealed. Amshold Trading has reported a pre-tax profit of £10.8m for the 12 months to 30 September, 2024, up from the £8.4m it achieved in the prior period. However, new accounts filed with Companies [...]
Abrdn changes name back to Aberdeen and swings back to profit March 4, 2025 Abrdn has rounded out a bumper year with a return to profit and a total revamp of its brand. The company announced it will change its name back to Aberdeen as it begins the search for its next chairman, who will succeed Sir Douglas Flint. Group chief executive Jason Windsor said: “We are changing our [...]
Volvere pays tribute to late CEO as Shire Foods owner returns to the black May 22, 2024 One year after losing its founder to cancer, turn-around investment firm Volvere has announced net profits of more than £2.7m, returning to the black.
Profit at Character Group jumps after testing few years May 9, 2024 The Character Group, a UK-based maker of toys, has reported a significant uptick in profit.