FCA joins Bank of England in relocating jobs from London to Leeds August 7, 2024 The Financial Conduct Authority (FCA) has revealed plans to relocate 100 jobs from London to Leeds, just months after the Bank of England announced a similar move. The watchdog, which established its first office in Leeds two years ago, is growing its team at the digital delivery centre on Queen Street, where around 100 employees [...]
Late surge calms management’s fears at bathroom brand Samuel Heath August 7, 2024 British tap and bathroom accessory maker Samuel Heath said its sales had “turned out considerably better than the board had feared” thanks to a surge in orders in the final few months of its financial year. The London-listed company saw its sales for the year ending March 30, 2024, reach £15.24m, a 3.5 per cent [...]
Profit soars in bumper year for Goodwin as investments pay off August 7, 2024 Engineering group Goodwin PLC has reported another bumper year as efforts to break into new markets begin to pay off. The London-listed company saw its revenue soar to £191m in the 12 months ending April 30, 2024, up from £186m in the year before. As a result, Goodwin saw its pre-tax profit increase by 27 [...]
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry August 7, 2024 Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]
UK house prices surge to highest point since January to end months of stagnation after rate cut August 7, 2024 Renewed momentum in the property market has seen UK house prices rise at the highest rate since January, ending a three-month spell of stagnation. House prices increased by 0.8 per cent in July, with the average property now costing £291,268, up from £289,042 in June, according to the Halifax house price index. This surge sets [...]
‘This time it’s personal’: Ex-Man Utd boss Richard Arnold vows to take Norton Motorcycles global August 7, 2024 As the former-CEO of Manchester United, Richard Arnold knows a thing or two about high stakes. But with a recent career pivot seeing him take the helm of beloved heritage motorcycle brand Norton – which is currently fighting for survival after being rescued from the brink of collapse four years ago – the biking enthusiast [...]
Epwin poised for £25m profit in 2024 despite revenue dip August 6, 2024 Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results in the first six months.
Hargreaves Services’ profit slumps due to issues at company’s German joint venture August 6, 2024 Industrial services group Hargreaves has seen its profit for the year slashed almost in half despite delivering revenue in line with the previous 12 months.
Thames Water fined £104m over wastewater failures in landmark Ofwat investigation August 6, 2024 Three water companies are facing fines totaling £168m for failing to properly manage their wastewater treatment works and networks, Ofwat has announced today.
Legal & General bags extra £150m for affordable homes drive as housing crisis worsens August 5, 2024 Legal & General has secured an extra £150m for its UK affordable housing drive, pushing total its total pot to £280m.
