Sosandar announces third UK store in Newcastle’s Metrocentre as expansion continues August 20, 2024 Sosandar has announced plans for a third store in the UK as part of its transition to a “multichannel retailer”. The store in Newcastle’s Metrocentre is expected to open in October – in time for the key Christmas trading period. Sosandar opened its first two stores in Chelmsford and Marlow in September. The AIM-listed [...]
Diversified Energy: FTSE 250 firm stumps up £52m for Texas natural gas field August 20, 2024 Oil and gas site owner Diversified Energy Company has bought several operated natural gas wells located within East Texas for $68m (£52.3m). The FTSE 250 firm bought the assets from a regional operator. The “significant” PDP (proved developed producing) reserve was part of a wider sale in the area. A third-party development company will also [...]
H&T: Profit jumps due to ‘ongoing constraint in the supply’ of short-term loans August 20, 2024 The UK’s largest pawnbroker and short-term loan business, H&T, announced a double-digit profit jump in the first half of the year as Brits showed no sign of reining in loan demand. Profit before tax was £9.9m in the six months to 30th June, up 12.5 per cent from the £8.8m reported in the same period [...]
Maritime surveillance firm Windward narrows losses as global trade rebounds August 20, 2024 The results came in line with recently upgraded market expectations and Windward said it was "confident" in achieving break-even adjusted EBITDA in 2024.
London City Airport given go-ahead to expand capacity but more Saturday flying rejected August 20, 2024 London City Airport has been granted permission to significantly expand passenger capacity after an extended spat with Newham Council.
Weir Group wins £53m Pakistan copper mining tech contract from Barrick August 20, 2024 Mining specialist Weir Group has won a £53m contract for the Reko Diq copper-gold project, a 50 per cent owned greenfield development by Barrick. Located in Pakistan’s province of Balochistan, the copper project is targeting first production in 2028 with an estimated mine life of over 40 years. During the first phase of the project, [...]
Mike Lynch and other missing yacht passengers feared dead August 20, 2024 The Italian coastguard has started its second day of searching for survivors of a sunken superyacht off the coast of Sicily, including the tech media mogul Mike Lynch and Morgan Stanley boss Jonathan Bloomer
UK on track for record number of new company creations in 2024 August 20, 2024 The UK is on track for a record year of new company creations in 2024, new data has suggested, in a positive sign for the country's economic prospects.
Is Google a monopoly? Sort of, but that’s the free market August 20, 2024 How about a little trust in the dynamism of the free market? Writes Matthew Feeney
Analysts ‘sceptical’ about Flutter’s £2bn bid for Playtech’s Italian arm August 19, 2024 Flutter Entertainment’s potential £2bn swoop on Italian betting firm Snaitech, the consumer division of ‘white label’ gambling technology provider Playtech, has left some analysts unconvinced. Playtech has granted a period of exclusivity for Flutter to complete due diligence, although the Paddy Power and Betfair owner said at this stage there is “no certainty” that it [...]
