CPP Group ditches weaker offshoots in bid for higher profits March 29, 2022 CPP Group has undergone a string of disposals over the last year under a new board and executive team, in a bid to grow its profits. The group, which sells so-called ‘life assistance’ products like cybercrime solutions, continued to climb further into profitability over the last year, with pre-tax profit growing from £900,000 to £4.2m. [...]
Irn Bru maker A.G. Barr profit races past pre-Covid levels with soft drinks boom March 29, 2022 Irn Bru maker A.G. Barr has reported profit surging well ahead of pre-Covid levels, with all brands now in growth. The drinks maker said profit before tax was £41.5m for the year to 30 January 2022, up on £37.4m for the two year comparative. Roger White, chief executive, said: “We have accelerated our revenue growth [...]
Ten Entertainment returns to profitability after pandemic hit March 29, 2022 Ten Entertainment has returned to profitability, as pent-up demand pushes consumers back to bowling alleys and arcades. The group, which operates 46 centres in the UK, swung from a more than £17m loss in 2020 into the green zone with a post-tax profit of £4m in the year to 26 December. The London-listed entertainment group [...]
Bellway forecasts average selling price will top £305k in hiked guidance March 29, 2022 Property developer Bellway has said it expects its average selling price to be more than £305,000, up on previous guidance. In half-year results, revenue rose 3.5 per cent to £1,780m, up slightly on 2021’s figure of £1,720m. The housing developer said the forward visibility provided by the order book meant that the average selling price [...]
City Moves: Who’s switching jobs in the Square Mile? March 29, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Dominvs Group London-based real estate developer Dominvs Group has appointed the former CEO of Travis Perkins Properties (TPP) as a senior advisor. Martin Meech steps onto the board with more than four decades of property experience, spanning M&A, strategic development, finance structuring, and [...]
Exclusive: Support scheme for SMEs post-Covid has hit just 1 per cent of its target March 29, 2022 Rishi Sunak’s scheme to boost the productivity of British small and medium-sized enterprises (SMEs) post-Covid has hit just one per cent of its target since it was launched last July. The government wants 30,000 businesses to complete the Help To Grow management scheme – which offers subsidised business training – however just 402 SMEs have [...]
OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier March 29, 2022 OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.
Sadiq Khan pumps £10m into rebuilding London as international tourist hub March 29, 2022 London's mayor Sadiq Khan has redoubled his commitment to boost tourism in the capital as new data has revealed the number of West End visitors is still lagging 16 per cent below pre-pandemic levels.
Twenty penalties for Number 10’s ‘partygate’ set to be dished out March 28, 2022 Twenty fines are set to be issued to twenty people following police investigations into the infamous ‘partygate’ at Downing Street and Whitehall during lockdown.
The Oscars launches formal review after Will Smith slaps Chris Rock at live ceremony March 28, 2022 The Oscars film academy has formally condemned Will Smith for slapping Chris Rock and has launched a formal review into the incident. Jaws dropped during last night’s ceremony after acting super star and Oscar winner Will Smith climbed on stage to slap gag comedian Chris Rock for a joke about his wife Jada Pinkett Smith. [...]
