Ocado’s yo-yoing stock swings up again: Will critics ‘put away knives they’ve been sharpening’? July 16, 2024 A strong set of results this morning sent Ocado’s stock up 18 per cent, a day after a downgrade from leading broker Bernstein sent it down 10 per cent yesterday. In its interim results for the 26 weeks to 2 June 2024, the company reported revenue of £1.5bn, up by 12.6 per cent year on [...]
TfL gets vote of confidence from Moody’s as passenger numbers drive recovery July 16, 2024 Moody's said the upgrade reflected a "significant improvement" in Transport for London's operating performance.
Farmfoods adds hundreds of new jobs as turnover passes £1bn for the first time July 16, 2024 Farmfoods has added more than 200 new jobs to its team as its turnover breezed past £1bn for the first time in its history, according to newly-filed documents.
Ocado shares lead the FTSE 250 as chief announces ‘clear roadmap’ to profit July 16, 2024 The company told markets this morning, that it had revenue of £1.5bn, up by 12.6 per cent year on year, driven by 22 per cent growth in technology solutions.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
City minister Tulip Siddiq: Fixing the foundations of our economy is ‘now a national mission’ July 16, 2024 In her first words to a business newspaper in this role, Tulip Siddiq tells the Square Mile she is committed to growth of financial services.
Tulip Siddiq: Labour will bolster the international standing of the City July 16, 2024 Welcoming the Financial Conduct Authority’s “once-in-a-generation reforms” to the listings rulebook, announced last week, Siddiq said she will build on those changes.
Online retailer Sosandar reveals where it is opening its first physical stores July 16, 2024 Online fashion brand Sosandar has revealed the locations of its first physical stores as it prepares to transition into a "true multichannel retailer".
Brickability: Construction suppliers’ profit slides by a third on housing market woes July 16, 2024 Chair John Richards said Brickability had continued to "demonstrate resilience and deliver a robust financial performance."
Revenue at B&M continues to rise as Brits seek out bargains July 16, 2024 B&M has reported another strong set of results for the first quarter, as the group has maintained its post-pandemic edge. Revenues at the bargain chain, which also owns Heron Foods, rose by 2.4 per cent to £1.3bn in the first quarter of the year. The group remained on track to open 45 gross new store [...]
