High voltage: National Grid’s profits spark to life amid Europe’s energy crunch November 18, 2021 National Grid is benefitting from booming profits as the energy crisis continues to bite.
Credit to them: TBC Bank revels in hefty net profits amid re-entry to the FTSE 250 November 18, 2021 Georgian TBC Bank has shown signs of recovery with hefty third-quarter net profits after returning to the FTSE 250.
Happy Hour: Fuller’s returns to profitability as pandemic restrictions ease November 18, 2021 Fuller, Smith & Turner (Fuller’s) is rebuilding its business following severe pandemic restrictions with profitable half-year results. The group has reported a healthy adjusted profit of £4.6m, after being down £22.2m during its first six months in last year’s results. Revenue has more than doubled, despite the pub operator suffering two months of pandemic restrictions [...]
Mining its own business: Atalaya Mining enjoys soaring revenues amid raised copper prices and greater sales November 18, 2021 Atalaya Mining revels in rising revenues as copper prices increase and production rises, with the group now offering dividends.
Blackout Warning: Germany suspends approval for Nord Stream 2 pipeline as energy crisis deepens November 17, 2021 EUROPE is bracing itself for an energy crisis this winter after approval for Russia’s controversial gas pipeline into Germany was suspended by regulators. Gas prices shot up again on Wednesday as traders reacted to the news, with UK natural gas futures up 17 per cent on the day and the European benchmark also spiking by [...]
Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Speedy Hire has the tools to grow with rising revenues and increased profits November 17, 2021 Speedy Hire is revelling in sustained strong trading performance and is set to deliver full-year results ahead of marketing expectations, as the construction rental equipment specialists looks to embrace the consumer market. The firm’s CEO, Russell Down, is looking to maximise the “untapped potential” of homeowners pursuing their own projects. It has now signed a [...]
SSE rejects spin-off push from activists with £12.5bn renewables boost November 17, 2021 SSE will invest a further £12.5bn in green power over the next five years, after it rejected calls yesterday from activist investor Elliott Management to spin off its renewables arm. Elliott Management has been pushing SSE to separate its renewables business, since taking a stake in the operator in September. The UK energy firm will [...]
Experian crosses $3bn in revenue as consumer services drive post-lockdown recovery November 17, 2021 Experian has upgraded its guidance with revenues rising 23 per cent and operating profits soaring 29 per cent in the first six months of the year. The credit reporting company has been boosted by a recovering economy with its consumer services enjoying standout growth. The firm’s half-year results showed that overall revenues reached $3.06bn while [...]
Two more energy firms collapse amid soaring wholesale prices November 16, 2021 Neon Energy and Social Energy Supply have ceased trading, leaving 35,000 stranded customers in need of rescue from Ofgem. Skyrocketing wholesale prices have now caused 21 firms to collapse since September. The energy crisis has caused the number of suppliers UK market to halve as firms struggle to make up the costs. Neon Energy is [...]
