Luceco: Sales rise beyond expectations at lighting giant September 10, 2024 Revenue at LED lighting specialist Luceco grew beyond expectations during the first half of its financial year as easing inflation helped to stabilise prices. The London-listed firm, which is headquartered in Telford, saw its sales increase to £109.6m in the six months ending 30 June, 2024, up from £101.1m in the same period last year. [...]
Concert chaos and fuming fans: What went wrong for festival organiser K-Pop Lux? September 10, 2024 Launched with much fanfare in 2021, British events firm K-Pop Lux was meant to bring the world of Korean pop to European shores. But following three tumultuous years of mounting losses, cancelled festivals and furious fans, the company behind the brand revealed this week it was being forced to wind up its operations. Up until [...]
Capital & Regional: Praxis out of the running to buy shopping centre giant September 10, 2024 Shares in Capital & Regional have fallen by 14 per cent after a prospective bidder for the UK shopping centre owner said it was bowing out of the process. Praxis, a London-based property investor, said it doesn’t intend to make an offer for the listed company – which owns shopping malls in Edinburgh, Hemel Hempstead [...]
Mpac Group hails profit surge as expansion strategy pays off September 10, 2024 Packaging automation company Mpac Group has reported a jump in revenue as “sound foundations” laid in 2023 begin to pay off. The London-listed company, which is headquartered in Coventry, saw its sales increase to £60m in the six months ending June 30, 2024, up from £52.8m in the same period last year – an increase of [...]
James Fisher and Sons back in the black after selling off businesses September 10, 2024 Marine services provider James Fisher and Sons has clawed its way out of the red despite a slump in sales after selling off a number of businesses. The London-listed company, which is headquartered in Barrow-in-Furness, made a pre-tax profit of £200,000 in the six months ending June 30, 2024, up from a pre-tax loss of £4.4m [...]
Wickes profit down by almost a quarter as sector struggles September 10, 2024 Profit at British DIY and home improvement retailer Wickes fell by almost a quarter over the past six months as sales slowed across the entire home improvement market. The London-listed company, which is headquartered in Watford, reported an adjusted pre-tax profit of £23.4m during the six months ending 29 June, 2024, down just under 25 [...]
Back at square one: Crowdcube co-founder Darren Westlake embarks on bold new venture following exit September 9, 2024 Two decades ago, Darren Westlake set out to transform startup funding in the UK with the launch of Crowdcube. Fast forward 20 years and the entrepreneur finds himself in a familiar position – back at square one – after stepping down as CEO of the platform last year to “start again.” His new project, Disco, [...]
Live Company Group: K-Pop event giant winding up after years of strife September 9, 2024 Live Company Group, the London-listed operator of K-Pop Lux and Bricklive, has filed a winding-up petition after its last-ditch efforts to secure new investment failed. The Surrey-based company, which specialises in both K-Pop events and children’s entertainment, revealed that despite “extensive discussions” to agree a payment plan with a key creditor, negotiations had not led [...]
Sigmaroc’s revenue surges ahead of expectations as expansion plan pays off September 9, 2024 London-listed raw materials group Sigmaroc has seen its revenue surge past expectations following a push to diversify its strategy, it said today. The company, which is headquartered in London, grew its revenue by 60 per cent in six months ending June 30, 2024, hitting £468.8m from £290m in the same period last year. Sigmaroc said this [...]
‘King of Mayfair’ on cusp of selling The Ivy restaurant group to little-known London firm September 6, 2024 Billionaire restaurateur Richard Caring is on the cusp of securing a deal to sell his majority stake in The Ivy restaurant chain after more than two decades at the helm. The reported buyer, the little-known investment firm SI Advisers, is likely to pay in the region of £1bn for the group, which also includes The [...]
