Segro sells west London warehouse to Imperial for science innovation October 15, 2024 Segro has sold its Victoria Road warehouse to Imperial College London for £115m, with the university set to use the property for early-stage companies conducting scientific innovation. Located in Park Royal, West London, the 10-acre urban warehouse estate has been owned and operated by Segro since 2009, when it acquired Brixton plc. Segro said that [...]
Applied Nutrition guns for £220m fundraise in London IPO October 15, 2024 Sports health brand Applied Nutrition is seeking to raise up to £220m in its IPO later this month in what could be one of London's biggest stock market floats this year.
Hostelworld: Bookings at travel agency buoyed by budget trips October 15, 2024 Online travel agency Hostelworld Group has reported a strong performance in the year-to-date, driven by an increase in demand from budget and solo travellers. The Irish company, which is listed in London, reported record bookings in Asia and Central America in the six months to June 30. While bookings rose by seven per cent year on [...]
Profit slashed at Eon Productions as wait for new James Bond continues October 15, 2024 Profit at Eon Productions, the company behind the James Bond movie franchise, was slashed in 2023 despite its turnover jumping, it has been revealed. The London-headquartered business has reported a pre-tax profit of £224,985 for its latest financial year. The total comes after the firm posted a pre-tax profit of £900,879 for 2022. Newly-filed accounts [...]
Starmer hands councils millions for housebuilding on brownfield sites October 15, 2024 The Government has committed £68m to unlocking brownfield sites in 54 local authorities as it looks to deliver on its election promise of 1.5 million homes by 2029. Around a sixth of councils will receive money to turn neglected land into new homes, which the government have said will “transform local communities and help families [...]
Workspace: Lettings strong but occupancy declines with clients vacating October 15, 2024 Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
Robert Walters blames Budget uncertainty for slump in UK fees October 15, 2024 Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Audioboom shares soar on record profit with US election to boost podcast demand October 15, 2024 Audioboom shares soared nearly 19 per cent on Tuesday as the podcast streamer posted record revenue and profit, and said it is set to “significantly outperform” expectations, especially with demand from the US election. The London-listed company booked record third quarter revenue of $18.8m (£14.4m), up from $14m (£10.7m) in the same period last year. It [...]
Wise doubles down on growth outlook after boom in customers October 15, 2024 Payments fintech firm Wise has doubled down on its guidance for the year today after a jump in customers using its platform over the summer. In a trading update on its second quarter, the London-listed fintech reported a 23 per cent rise in users compared to the same period last year, bringing its total active [...]
Bytes Technology: NHS and HMRC contracts help lift profit as dividend hiked October 15, 2024 IT provider Bytes Technology has posted an uptick in income and operating profit as new and existing clients invest in their software. In its half year results for the six months ended 31 August, Bytes said gross invoiced income jumped by 13.7 per cent to £1.2bn, largely driven by software and from public sector contract [...]