Hunting: Oil and gas services firm’s profit more than doubles August 29, 2024 Oil and gas equipment provider Hunting has reported a more than doubling in profit for the first half of 2024 as its order book hit a record level.
Tracsis: Revenue dips at transport tech firm after election disruption August 29, 2024 Transport technology provider Tracsis has reported a dip in revenue caused by the general election, but said that disruptions have now subsided and that it has returned to normal operations. The AIM-listed firm expected revenue of £81m in the year ended 31 July 2024, down by just £1m from 2023. It expected adjusted earnings before [...]
Quiz plots turnaround strategy after fashion chain swings to loss August 29, 2024 High street retailer Quiz has announced a turnaround strategy after swinging to a loss in its final year earnings, blaming cost-of-living pressures and cool consumer demand. The Glasgow-headquartered company booked a loss before tax of £6.7m, including a £1.5m non-recurring impairment charge, falling from a profit of £2.3m in 2023. Earnings before interest, tax, depreciation [...]
Drax: Renewable power operator agrees to pay £25m as Ofgem shuts probe August 29, 2024 Power station operator Drax has agreed to pay £25m after an investigation by energy watchdog Ofgem found it failed to report data adequately. Drax, which receives hefty Government subsidies from burning biomass wood chips, lacked the necessary data governance and controls in place, according to Ofgem. This meant it did not give the regulator accurate [...]
CAB Payments partners with Visa to boost emerging markets service August 29, 2024 Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
PPHE Hotels: Art’otel owner reports double-digit growth despite project delays August 29, 2024 Hospitality real estate group PPHE has reported double-digit growth despite delays to multiple hotel projects this year. Like-for-like total revenue growth at the LSE-listed company was up 4.3 per cent to £187.8m in the six months ended 30 June 2024, from £180m in the first half of 2023. The total revenue performance for PPHE’s London [...]
Crowdstrike shares slide despite beating expectations amid IT outage fallout August 29, 2024 Shares in cybersecurity firm Crowdstrike tumbled over seven per cent in after-hours trading, even as the scandal-stricken company posted better than expected second-quarter earnings for its financial year 2025. The Nasdaq-listed company, still reeling from last month’s global IT outage, posted total revenue of $963.9m (£729m), a 32 per cent increase from $731.6m (£553.3m) in [...]
Channel 4 Ventures backs new Elvis show creator Layered Reality August 29, 2024 Channel 4 Ventures has backed Layered Reality, which recently won the rights to create an immersive experience based on the life of Elvis.
Spread power with words: Asian Dub Foundation interview August 29, 2024 In the wake of the riots, the Asian Dub Foundation shows us the political power of music. Guitarist Steve Chandra Savale speaks to Lucy Kenningham
Marlow Film Studios plots appeal to overturn rejection of £750m project August 29, 2024 Marlow Film Studios is set to appeal Buckinghamshire Council’s decision to block its £750m film studio development, a project backed by high-profile Hollywood figures, including Avatar director James Cameron. City A.M. understands the Studios expects to lodge the appeal with the Planning Inspectorate in early September, though the exact timing is subject to the vagaries [...]
