Asda continues to lose market share while grocery inflation rises for first time since March 2023 August 13, 2024 Asda and the Co-op have continued to lose market share while a rise in grocery inflation has led to overall sales increasing significantly for Tesco, Sainsbury’s and Lidl. Take-home sales at the grocers rose by 3.8 per cent in the four weeks to August 4, 2024, compared with the same period a year ago, according [...]
Synthomer rebounds to profit as £13m cost cuts offset sluggish demand August 13, 2024 Chemicals group Synthomer has surged back into the black, defying sluggish demand by banking £13m through cost-cutting measures. The London-listed firm, which is headquartered in Essex, made an underlying profit of £2.5m in the first six months of 2024, up from an underlying loss of £6.7m in the same period of 2023. Its shares jumped [...]
Dowlais considers sale of powder metallurgy unit as EV volatility dents profit August 13, 2024 Boss Liam Butterworth said the firm had adopted to a "relentless" focus on cost control ahead of an anticipated dip in second half revenue.
Genuit: Construction supplier’s profit nearly halves as ‘subdued’ market conditions persist August 13, 2024 Sustainable construction supplier Genuit has posted a near halving of its profit for the first half of 2024 and said it expected "subdued" market conditions to persist for the rest of the year.
Gem Diamonds reports revenue jump despite plummeting demand for mined stones August 13, 2024 Mining company Gem Diamonds has reported a strong start to its financial year after uncovering eight diamonds over 100 carats in the first six months of 2024. The London-listed firm, which mines in the Maluti Mountains of Lesotho, said the high-carat finds had helped its revenue soar to $77.9m (£60.8m) compared to $71.6m (£55.9m) in [...]
Georgia Capital: Investment trust charts recovery after Tbilisi protest crash August 13, 2024 Georgia Capital, a UK-listed investment trust that owns around five per cent of Georgia’s economy, has charted its road to recovery after crashing during the country’s protests. In May, protests began against the Georgian parliament in Tbilisi due its new foreign agents law, which will see NGOs and independent media receiving 20 per cent of [...]
St James’s Place takes on Vanguard, but charges 350 per cent more August 13, 2024 St James’s Place is no stranger to high fees. Britain’s largest wealth manager has been pilloried for its high costs, from its controversial exit fee (now being phased out) to the high fees on its pension funds. Now, St James’s Place has earned a new accolade and a new issue with fees. The group’s Polaris [...]
UK’s largest electricity transmission project gets green light from Ofgem August 13, 2024 The £3.4bn Eastern Green Link Two, described as a subsea "superhighway," will run for 436km between Yorkshire and North-East Scotland.
Safestay: Hostel group continues European expansion with new Budapest property August 13, 2024 Hostel group Safestay has acquired a new property in Budapest as part of its continued expansion into mainland Europe. The London-listed company, which is headquartered in the city, said the five-storey site, located near the Danube River and Budapest’s shopping district, will allow it to add an additional 150 beds to its network, bringing its [...]
Just Group shares soar 17 per cent after analyst expectations smashed August 13, 2024 Retirement financial specialist Just Group has soared past expectations with an underlying operating profit of £249m, 20 per cent ahead of consensus and up 44 per cent from last year. The company’s shares have soared 17 per cent this morning as a result to their highest in six years. In the firm’s interim results for [...]
