LV= outperforms sales targets after redecorating C-suite March 29, 2022 LV=, one of the UK’s largest insurance companies, outperformed its sales and profit targets last year, after redecorating its C-suite. The London-listed insurance and pensions giant enjoyed a more than 200 per cent jump in trading profit, which soared around £20m over 2021. However, the group swallowed a more than 20 per cent loss in [...]
Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans March 29, 2022 Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.
Konecranes and Cargotec spike merger after UK watchdog blocks deal March 29, 2022 Cranes manufacturer Konecranes and cargo machinery firm Cargotec have spiked their upcoming merger following intervention from the UK’s competition watchdog. The Competition and Markets Authority (CMA) blocked the deal, on the basis that the Finnish duo selling off all overlapping businesses would fail to address the regulator’s concerns. The deal, announced at the beginning of [...]
Solar panels: Is the market hotting up? March 29, 2022 Chancellor Rishi Sunak has announced VAT cuts for solar panels, but can the energy source the cost of living crisis ahead of next winter?
Handbag maker Mulberry anticipates higher than expected revenue and profit March 29, 2022 Luxury fashion brand Mulberry has said its group revenue for the year will exceed current expectations thanks to healthy sales. In a trading update for its financial year ending 2 April, the retailer said a “robust sales trend” marked in the first half of its 2022 financial year has continued. Group revenue and profit for [...]
Shoppers turn to Aldi and Lidl as grocery price inflation exceeds 5 per cent March 29, 2022 Grocery price inflation has reached 5.2 per cent over the latest four weeks, as households brace for a cost of living crunch this spring. The rate of price hikes has hit the highest level since April 2012, according to Kantar’s index published on Tuesday morning. Shoppers are turning to discount retailers and own brand products [...]
EU and UK at loggerheads over wind farms as Commission launches WTO legal challenge March 29, 2022 The European Commission has launched a legal challenge against the UK's subsidy criteria for wind farms.
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 [...]
