Gresham Technologies shares tank 13 per cent as it ditches weak business unit November 17, 2023 Shares in Gresham Technologies tanked on Friday after it said it is discontinuing a legacy service, costing it £8.5m.
Marks and Spencer upgraded by Moody’s on ‘prospects for further growth’ November 17, 2023 Earlier in November, Marks announced hefty profits during the half year, as the firm’s reshaping programme continued to show signs of paying off.
Thames Water: Debt-laden firm announces more redundancies before Christmas November 17, 2023 Only this week, it was announced Thames Water will be forced to pay £73.7m back to customers for failing to meet performance targets.
Retail sales fall to lowest level in two years as inflation bites November 17, 2023 Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
Marston’s appoints new chief from Merlin Entertainments as long-standing Andrea hangs up hat November 17, 2023 Pub chain Marston's has appointed a new chief executive, Justin Platt, to replace the long-standing Andrew Andrea.
Nationwide posts profits boost as interest rates bolster income November 17, 2023 Nationwide posted a boost in payouts to members in the six months to the end of September as rising interest rates provided a boost to profits.
Can Royal Mail owner IDS turn itself around? November 17, 2023 Royal Mail owner IDS Losses are widening for the group, badly burned by heavy strike action and complaints. Can it turn its fortunes around?
Deloitte reveals the UK and London’s fastest growing tech companies November 17, 2023 London-based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The top three — Allica Bank, Yoto and Hypervolt — all come from different sectors this year, including fintech, software and environmental tech. Together, the Fast 50 winners have an average four-year growth rate of 5,473%, possess total revenues [...]
UK banking industry set to become ‘less competitive’ as taxes surge to new highs November 17, 2023 The banking sector contributed £41bn in the year to March, up £2.2bn from the previous year, according to the annual report from PwC for banking trade body UK Finance.
As London loses firms to the US, our obsession over regulations is a distraction November 17, 2023 The idea regulations need to be trimmed back is a pure distraction from the real problems that London faces, writes Daniel Valentine
