Why the Bank of England will hold interest rates tomorrow September 18, 2024 The firm consensus is for the Bank of England to hold rates tomorrow, but this will not prevent a further cut in November.
City A.M. marks 20th year with rebrand and weekly London Standard partnership September 18, 2024 City A.M. is embarking on its 20th year of existence with a fresh rebrand and an exciting new partnership with the now weekly London Standard. 70,000 copies of City A.M.’s re-branded print edition will be available from 6am Monday – Thursday, alongside the new weekly edition of the Evening Standard, now called The London Standard. [...]
Post Office boss Nick Read to step down next year as successor named September 18, 2024 Post Office chief executive Nick Read will step down from the role in March next year, the company has announced. Neil Brocklehurst, the current interim chief operating officer, is expected to replace Read, who temporarily stepped back from the role in July to give his “entire attention” to the Horizon scandal inquiry. At the time, [...]
Mohsin Issa to step away from Asda as search for CEO continues September 18, 2024 Supermarket giant Asda has announced that Mohsin Issa will step away from his executive leadership role to focus on his position as sole chief executive of petrol forecourts business, EG Group. Lord Stuart Rose will assume Mohsin’s responsibilities alongside TDR Capital partner Rob Hattrell, the Leeds-headquartered grocer said, while Mohsin Issa will remain a co-owner [...]
LSL: Mortgage and valuation giant bounces back on restructure and activity picking up September 18, 2024 LSL Property Services, one of the largest providers of mortgage and valuation services, has reported significantly improved results due a company restructuring and improved sentiment in the housing market. Revenue rose by 18 per cent year on year, from £72.5m to £85.4m, while underlying profit rose by 354 per cent year on year, from £3.2m [...]
Strix: Kettle safety manufacturer looks for growth in key markets September 18, 2024 Strix saw a jump in revenue during the first half of the year as the kettle manufacturer looks to position itself for continued growth opportunities.
AMS Group reports ‘strong’ first half amid rumoured takeover interest September 18, 2024 In the six months to June, revenue rose by eight per cent to £68.0m, with strong growth in the firm's surgical business unit offsetting "challenges" in its Woundcare unit.
MJ Gleeson: Planning setbacks hit profit September 18, 2024 Housebuilder MJ Gleeson has blamed planning setbacks in the UK for a decline in operating profit. Overall revenue at Gleeson rose by 5.2 per cent from £328.3m to £345.3m, although profit before tax fell by 21.3 per cent to £24.9m. The company – split into a land division and homebuilding division – said that Gleeson [...]
Xaar: Printing giant slips further into the red on ‘continued decline’ of legacy ceramics September 18, 2024 Printing technology group Xaar has widened its loss after the company continued to struggle with the “continued decline” of the legacy ceramics market, it said today. The London-listed company, which is headquartered in Cambridge, saw its revenue drop to £28.6m in the six months ending June 30, 2024, down from £34.6m in the same period [...]
M&C Saatchi: ‘Significant improvement’ in profitability as problems ease September 18, 2024 Ad agency M&C Saatchi said that cost-saving measures had contributed to a much-improved performance in the first half of the year, adding that it was “excited” about the future. The company told markets this morning that revenue grew by six per cent in the six months to 30 June, with 12.9 per cent growth in [...]
