‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Asos to close US distribution centre with customers served from Barnsley instead January 15, 2025 Online fashion retailer Asos will close its distribution centre in Georgia, USA, in another effort to boost profitability and streamline operations. From late this year, US customers will be served from Asos’ automated UK fulfilment centre in Barnsley, and through a “smaller, more flexible local US site”, the company said. The Atlanta warehouse will be [...]
Most profitable sports clubs of 2025 list features three Premier League sides January 11, 2025 Three Premier League clubs have made the Forbes most profitable sports teams list of 2025, with the top 20 generating an estimated £3.2bn in profit during the most recent season. The figures, calculated using Forbes’ estimates of operating income with total value using the enterprise values, suggest an average £159m profit per team, up 12 [...]
Computacenter issues profit warning as troubles persist October 28, 2024 London-listed tech company Computacenter has slashed its full year guidance after prudent corporate spending and slow completion of orders damaged its third quarter performance. Although it expects to deliver a second half that is comfortably ahead of last year, Computacenter now expects its adjusted profit before tax for 2024 to be “modestly behind last year”, [...]
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.
Watkin Jones returns to profit after successful business restructure May 21, 2024 Property developer Watkin Jones returned to profit in the first half of the year after a successful business restructuring following a year of losses.