From the Paris Olympics to Royal Ascot: How catering giant Sodexo Live became the invisible force behind Europe’s biggest events August 12, 2024 From the Paris Olympics and the Rugby World Cup to Royal Ascot, Sodexo Live has become the invisible force keeping plates loaded and champagne glasses topped up at Europe’s biggest events. In 2023 the Paris-headquartered catering giant‘s events division, Sodexo Live, served more than 11m guests in the UK alone, employing around 1,700 people across [...]
Team Internet: Revenue soars after £33m takeover of online marketing firm Shinez August 12, 2024 Web services firm Team Internet has seen its sales surge after it acquired an online marketing firm earlier this year. The London-listed firm, which is headquartered in the City, saw its revenue jump to almost £410m in the six months ending June 30, 2024, compared to £396m in the same period in 2023. As a [...]
Bivictrix quits London’s AIM to chase private funding as market ‘undervalues’ firm August 12, 2024 Biotech firm Bivictrix Therapeutics is the latest company to exit the London Stock Exchange’s AIM market, citing difficulties in raising funds compared to its privately-owned competitors. The company, which is headquartered in Macclesfield, said it would not be able to raise enough capital to advance its medication to a clinical trial via London’s junior market [...]
Total Fitness is turning its back on the South after recovering from the brink of collapse August 10, 2024 Gym chain Total Fitness is already a well-established name in the North of England with 15 “superclubs” peppered across the region. But despite her ambitious goal of quadrupling the Cheshire-based company’s portfolio in the next five years, CEO Sophie Lawler has zero interest in expanding into the South. It’s a bold move as, according to [...]
CMO hails early signs of recovery as consumer confidence softens sales fall August 9, 2024 Listed online-only building materials firm CMO said improved consumer confidence in the past few months has helped to soften the impact of declining sales. The firm, which is headquartered in Plymouth, said sales started to tick up in the three months ending July 31, 2024, after wet weather dampened demand in its first quarter. As a result, [...]
Bellway: Revenue drops but housing market on the up August 9, 2024 Housebuilder Bellway’s revenue has dipped by more than £1bn as “challenging operating conditions” have continued to hit the group. The London-listed company, headquartered in Newcastle upon Tyne, brought in revenue of £2.3bn in the year ending July 30, 2024, down from just under £3.4bn in the 12 months before. Revenue fell as the number of [...]
CRH: Irish building supplies giant upgrades guidance as profit ticks up August 8, 2024 Irish building materials giant CRH has upgraded its guidance for 2024 after its profit ticked up in its second quarter as a string of acquisitions helped to offset the impact of wet weather. The firm, which is headquartered in Dublin and switched it’s primary listing from London to New York last year, said it now expects to [...]
Barratt’s £2.5bn merger with Redrow now hinges on sale of 10 houses August 8, 2024 A £2.5bn merger between housebuilders Barratt and rival Redrow now hinges on the sale of 10 houses after the Competition and Markets Authority (CMA) said the deal could create local competition issues. In a ruling issued this morning the watchdog said the deal, announced in March 2024, could lead to a “substantial lessening of competition” [...]
Assura: Group snaps up 14 private hospitals as firm gears up for Labour spending spree August 8, 2024 Healthcare property giant Assura has announced a £500m acquisition of a UK private hospital portfolio from Canadian group Northwest Healthcare Properties. The move comes following Labour’s commitment to use more private healthcare providers to help clear the NHS treatment backlog. The takeover includes 14 locations averaging 36 registered beds per hospital and is predominantly based [...]
Hermes Pacific exits London Stock Exchange’s AIM market citing ‘undervalued’ shares August 8, 2024 Investment firm Hermes Pacific has become the latest company to exit the London Stock Exchange with bosses saying they believe its shares are undervalued. The firm, which listed on London’s junior AIM market in 2013, has seen its share prices drop month-on-month for the past year from 147 pence on September 30, 2023, to 52 [...]
