Begbies Traynor warns of insolvency wave as revenue jumps 39 per cent December 14, 2021 Insolvency expert Begbies Traynor has reported strong financials for the first half of the year with revenue and profits on the rise.
Betting boom: Gambling giant 888 UK revenues surge over 50 per cent September 1, 2021 Online gambling giant 888 has enjoyed an upbeat first half of the year as its total revenue has jumped 39 per cent, hinting that the lockdown betting boom is here to stay. The company pulled in $528.4m in the six months to 30 June, up from $379.1m in the first half of 2020 – carried [...]
Net fees slip at recruitment giant Hays as Covid rocked business confidence August 26, 2021 Net fees at recruitment giant Hays have dropped eight per cent as the firm grappled with the Covid-19 impacts of rocky business and candidate confidence. The group’s total fees fell from £996.2m to £918.1m in the year to 30 June. Meanwhile, the firm’s operating profit also dropped 30 per cent from £135m to £95m. Shares [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]
Premier Inn owner Whitbread’s shares soar as business travel demand returns June 17, 2021 Premier Inn owner Whitbread confident in ‘post-lockdown bounce’ despite sales hit
Week in Sportbiz: Mexican stand-off over Club Necaxa NFT; press conferences overshadow French Open; English football in distress June 3, 2021 From NBA Top Shot to Christian Fuchs, the march of the NFT in sport has looked unstoppable. Until now, that is. Mexican football chiefs this week put the brakes on the plans of Club Necaxa to become the world’s first sports team to sell an ownership stake using blockchain technology. Club Necaxa, whose shareholders include [...]
Begbies Traynor revises up earnings expectations May 20, 2021 Begbies Traynor has revised up its earnings expectations following a year of growth at the professional services firm that saw it make four acquisitions. In a market update today the company said revenue for its 2021 financial year was expected to be £83.7m, up from £70.5m in 2020. Adjusted profit before tax was revised up [...]
Posh paint brand Farrow & Ball bought by Danish company in €500m deal May 11, 2021 Luxury paint and wallpaper company Farrow & Ball has been bought by Danish coatings manufacturer Hempel, in a deal that values the paint retailer at around €500m. Hempel bought Farrow & Ball from American private equity group Ares Management Corporation, which reportedly paid £275m for the company in 2014. Today The Financial Times first reported [...]
Begbies Traynor makes fourth acquisition this year May 10, 2021 Begbies Traynor has bought Midlands-based finance broker MAF Property, marking its fourth acquisition of the year as the group continues to focus on growth. The London-listed professional services firm will pay a maximum of £11.75m for MAF Property, with an initial cash payment of £3m, followed by the potential for an additional £8.75m subject to [...]
BoE does not expect wave of bankruptcies when Covid support measures end May 7, 2021 A tide of bankruptcies among UK firms is not expected when the government pulls its emergency Covid support measures like the furlough scheme later this year, BoE Chief Economist Andy Haldane has said. Many debts racked up recently by companies are spread over long durations “which increases the chances of them being able to be [...]