UK Infrastructure Bank sets aside £87m to invest in subsea cable factory September 26, 2024 The project is expected to create around 900 permanent jobs on completion, with the facility producing thousands of km of cables each year.
Mitchells & Butlers: Sales at Toby Carvery and All Bar One operator outperform September 26, 2024 Restaurant, pub, and bar operator Mitchells & Butlers, which owns the Toby Carvery and All Bar One brands, has reported rising sales in a slowly recovering industry. Like-for-like sales at the no-frills pub chain grew by 5.2 per cent during the 51 weeks to 21 September, driven by growth of 7.7 per cent in the [...]
Safety device firm Halma maintains full year guidance September 26, 2024 Health and safety product manufacturer Halma said it has made progress in “varied” and “changing” market conditions in a trading update ahead of its half year end on 30 September. The Amersham-headquartered company has maintained its full year 2025 guidance given earlier this year of “good organic constant currency revenue growth” and an adjusted earnings before interest [...]
Car production falls but sector ‘optimistic about return to growth’ September 26, 2024 Car production fell last month, continuing a trend seen across the year, new figures show. The number of cars built in UK factories was 8.4 per cent lower in August compared to the same month last year. The Society of Motor Manufacturers and Traders (SMMT) said 41,271 new cars left production lines, 3,781 fewer than [...]
Pennon blames sewage leaks and pollution on ‘exceptionally high’ groundwater September 26, 2024 Water firms leaked over one trillion litres of water last year, new analysis from the Observer revealed earlier in the year.
Non-dom crackdown: Fears it will fail to raise cash and actually cost the UK money September 26, 2024 Officials fear that the government's plan to close loopholes in the non-dom tax regime might fail to raise any extra revenue at all, according to reports.
Diageo boss reassures concerned investors ahead of annual meeting September 26, 2024 Diageo chief executive Debra Crew has reassured investors that the company’s fundamentals remain strong despite market headwinds and a sinking share price. The company’s share price has fallen by nearly 19 per cent in the last year and just over one per cent in the last month. Crew said that consumers continue to be “cautious” [...]
Future: Marie Claire publisher on track for full year forecasts September 26, 2024 British publisher Future has said it expects full year performance to be in line with market expectations as it returned to organic revenue growth during the second half of the year. In a pre-close trading update for the year to 30 September, the company said it is making “good progress” with its growth acceleration strategy, [...]
Britain’s last coal-fired power station set to close in landmark moment September 26, 2024 The UK’s last remaining coal-fired power station is to shut at the end of September, drawing to a close Britain’s 142-year reliance on the fossil fuel to produce electricity. Ratcliffe-on-Soar power station has been generating electricity since 1968 via its four coal-fired boilers, eight vast cooling towers and 199-metre tall chimney, which occupies a prominent [...]
Quin AI: Start-up secures £1.5m to ‘revolutionise’ data privacy September 26, 2024 Quin AI has secured £1.5m in seed funding as it looks to shift its unique focus on customer personalisation into new industries.
