Andrew Sykes hits record profit as European heatwave leads to summer air con purchases May 8, 2024 Air conditioning hire firm Andrew Sykes posted record profit in 2023 as Southern Europeans looked to cool down from record temperatures over summer.
Train strikes, bad weather, hotel fire and ‘significant cost increases’ hit Brighton Pier operator May 8, 2024 Inflationary pressures led to “significant cost increases” particularly in food, drinks, wages and insurance, the company said.
Chicken King’s empire still in the red despite sales passing £3bn May 8, 2024 The food empire run by the so-called "Chicken King" has spent another year in the red despite its turnover rising to more than £3bn.
Boohoo struggles continue with earnings and sales down – and losses mounting May 8, 2024 The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.
Direct Line hikes prices as it tries to reassure investors it’s on track May 8, 2024 Insurer Direct Line has grown its written premium across its three main divisions as the firm looks to bolster investor confidence in its new turnaround strategy.
Hospitality sector shows ‘cautious confidence’ as rate of closures slows May 8, 2024 Venue closures in Britain have slowed this year thanks to a "modest revival" in independent restaurants and dining, a new report has revealed.
The Notebook: Where are retail investors putting their money? May 8, 2024 Victoria Scholar takes the Notebook pen to talk retail investors, Ozempic's fat profits, and the UK's inflation forecast.
FTSE 100 today: Rate cut optimism to fuel Footsie’s push to fresh record highs May 8, 2024 Markets showcase mixed performance in Asia, mirroring Wall Street's trajectory. Oil prices dip, while Reddit shares soar by 16 per cent. Additionally, TikTok initiates a legal challenge against a potential US ban, adding to tech sector uncertainties. All attention now shifts to the Bank of England policy decision and UK GDP data release.
Don’t let Labour put FDI at risk May 8, 2024 A Labour government would threaten London’s position as Europe’s top destination for FDI. Only one part knows how to create an attractive regulatory and investment environment, says Lord Johnson One of this Government’s most important missions is to drive innovation and growth by attracting a continuous stream of high quality, global investment. As the Minister [...]
Train strikes only serve to hurt the hardest working Londoners May 8, 2024 Working from home has changed many things. For one, it’s turned train strikes from a nation-strangling act of economic terrorism into an entertaining monthly diversion for millions of office workers. As such, the unions have responded by upping the ante: more strikes, more often. The workers hurt by this, however, are the very working men [...]