Veterinary group CVS gears up for Australia expansion July 25, 2024 Veterinary group CVS announced 10 per cent revenue growth but weaker sales amid soft demand and the effect of a cyber security attack, while it separately announced a shift in strategy to focus on growth in Australia. Like-for-like sales only increased by 2.9 per cent year on year at the London-listed company, after a rise [...]
Lloyds Bank profit slides as interest rate boom slows July 25, 2024 Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was making on the back of interest rates. The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax [...]
Virgin Wines returns to black as subscription sign ups soar July 25, 2024 Virgin Wines has returned to profitability despite a "challenging" backdrop, with its wine subscription service helping to offset its increased running costs.
British American Tobacco: Lucky Strike maker holds guidance but vapes and tobacco sales disappoint July 25, 2024 BAT said profit from operations declined by 28.3 per cent, with the operating margin down by 9.7 percentage points to 34.5 per cent.
Yorkshire Building Society sees profit fall as rate tailwind eases July 25, 2024 Profit fell at Yorkshire Building Society as margins in the mortgage market were compressed by the plateau in interest rates. In the first six months of the year, the building society’s pretax profit fell to £158.1m from £180.6m in the same period last year. The fall in profit was largely due to lower net interest [...]
Howdens: Knife edge profit gain for kitchen supplier July 25, 2024 Profit at Howdens rose by just £400,000 as it grappled with "challenging" conditions in the UK's kitchen and joinery markets.
Relx: Data firm reports £1.5bn profit thanks to AI boost July 25, 2024 Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn thanks to demand for analytics underpinned by AI.
Hammerson: Shopping centre giant hit with £500m loss after selling stake in Bicester Village July 25, 2024 British shopping centre giant Hammerson has taken a £500m loss on the £1.5bn deal to sell its share in the company behind Bicester Village, according to just-filed documents.
Unilever shares surge to the top of the FTSE 100 despite sales miss July 25, 2024 Dove and Marmite-maker Unilever missed its sales targets in the second quarter of the year as a turnaround plan from chief Hein Schumacher failed to convince customers.
Rentokil: Stock falls as company fails to impress while takeover rumours swirl July 25, 2024 The stock dropped 5.81 per cent in early trading despite the firm unveiling a 14 per cent dividend hike, as investors were left unconvinced by a bland set of results.
