Atom Bank swings to first profit as juicy rates tempt in savers July 24, 2023 Atom Bank has notched its first full year of operating profit today after jacking up its savings rates and nearly doubling its customer base over the past year.
Matalan: Rainy weather and shift back to stores leads to revenue slump July 24, 2023 Matalan reported a challenging first quarter as poor summer weather impacted sales against the backdrop of cost of living pressures and a shift away from digital. The bargain homeware and clothing retailer said revenues in the thirteen weeks to 27th of May declined eight per cent to £263m. However, in the five weeks to the [...]
Oil markets consolidate July’s gains as China prepares stimulus measures July 24, 2023 Oil prices remain above $80 per barrel, with predictions of stimulus measures in China underpinning both major benchmarks.
S4 Capital shares plummett almost 20 per cent after Sir Martin Sorrell’s firm hit by tech slowdown July 24, 2023 Sir Martin Sorrell’s digital marketing giant S4 Capital provided a disappointing update for the second quarter, as its shares plummeted off the back of a tech slowdown. The company said its net revenue was below budget in the last few months due to the economic climate, with the technology sector hit particularly hard. Following the [...]
Vodafone slows decline in Europe as new CFO inherits all-too-red balance sheet July 24, 2023 Vodafone has managed to slow revenue declines in vital European markets as CEO Margherita Della Valle looks to turn around the ailing telecoms giant. In what it described as a “better” first quarterly earnings report than what was forecast, Vodafone told markets it had seen a near-6 per cent year on year revenue uplift in [...]
Zillah’s back: M&C Saatchi boss MacLennan to retire with ex-Future boss taking interim charge July 24, 2023 M&C Saatchi’s long-term chief executive Moray MacLennan will retire from the role after nearly three decades at the helm. The veteran, who was part of its founding team in 1995, will be replaced by chair and former Future CEO Zillah Byng-Thorne in the interim, until a permanent decision is made. Following the announcement this morning, [...]
Boeing delays don’t take shine off Ryanair’s post-pandemic takeoff July 24, 2023 Ryanair saw its first quarter profits fly past pre-pandemic levels to €663m (£572m) in the three months up to the end of June as it cashed in on soaring demand and rising ticket fares. The budget carrier is currently operating its largest ever summer schedule and said passenger traffic rose 11 per cent to 50.4 [...]
Inland Homes welcomes second CEO in under 12 months July 24, 2023 Inland Homes has revealed its new chief executive alongside plans for a £4m acquisition of rival North Country Homes. The London-listed real estate development firm has appointed Jolyon Harrison as head of the company. This is the company’s third CEO in a short period of time, as former chief Stephen Wicks stepped down last September [...]
Liontrust waives key GAM offer term after spat with rebel shareholders July 24, 2023 Liontrust Asset Management has backed down on a key condition of its offer for Swiss rival GAM today after facing from a rival group of shareholders on its offer.
The Notebook: Neil Clifford on dyslexia, profit with purpose and the greatest American asset July 24, 2023 Where interesting people say interesting things. Today, it’s Neil Clifford, chief executive of London luxury brand Kurt Geiger Profit with purpose is keeping us on the right track I left school in 1983 with a single qualification to my name: an O-level in art. I was dyslexic, but I didn’t find that out until years [...]
