Lavazza: UK sales at Italian coffee brand pass £100m for the first time September 19, 2024 Sales at the UK arm of coffee brand Lavazza have jumped past the £100m mark for the first time, it has been revealed. The Uxbridge-headquartered division’s turnover totalled £102.3m for 2023, newly-filed accounts with Companies House show. The new figure comes after Lavazza reported a turnover of £92.5m for 2022. The results also reveal that [...]
Braemar: Shipbroker meets expectations despite choppy geopolitical backdrop September 19, 2024 Shipbroker Braemar has traded in line with expectations and “remains confident” of the outlook for the rest of the financial year, it said in an update to investors. The London-listed firm, one of the largest shipbrokers in the UK, said it had “continued to trade well” in since the start of April, when its reporting [...]
Sosandar pushes ahead with brick-and-mortar expansion as new flagship store revealed September 19, 2024 UK fashion brand Sosandar has announced its expansion into in-store retail with historic Irish department store Arnotts, in a bid the company hopes will allow it to connect better with its customers. The London-listed company, which is headquartered in Cheshire, said the decision to base its flagship store in the Dublin department store had been [...]
FTSE 100 remains in the green after Bank of England holds rates September 19, 2024 Traders had been concerned that the Fed had waited too long to cut interest rates, causing unnecessary damage to the US economy.
S4 Capital: Revenue down and debt up at Sir Martin Sorrell’s ad giant September 19, 2024 Sir Martin Sorrell’s S4 Capital’s post-pandemic struggles have carried through into its latest results, which revealed a sharp decline in revenue and ballooning debt. The London-listed media holding group, which ad guru Sorrell founded after a sudden exit from WPP in 2018, saw its net revenue reduce by 15.6 per cent from £445.5m to £375.1m [...]
Ocado shares jump after firm hikes sales outlook on M&S joint venture September 19, 2024 Ocado shares jumped more than 10 per cent in early deals this morning after the company hiked its sales guidance. The retail arm of the London-listed group, Ocado Retail, a 50:50 joint venture between Ocado Group and Marks & Spencer Group, reported revenue growth of 15 per cent in the 13 weeks to 1 September [...]
Ed Warner: Seb Coe, Gary Glitter and the most powerful job in sport September 19, 2024 Seb Coe, newly confirmed as one of seven candidates for the presidency of the International Olympic Committee (IOC), is regarded as a serial vote winner. It wasn’t always thus. Witness his single term in office as the MP for Falmouth and Camborne in Cornwall, ousted by Candy Atherton as Labour swept to power in 1997. [...]
Let’s be honest… the government is gaslighting us on working from home September 19, 2024 Given the public sector’s appalling productivity record , the government should get its own house in order before giving out working from home advice to private businesses, says Matthew Lesh There is an irony in government ministers telling private enterprises how to be more productive. This week, Business Secretary Jonathan Reynolds claimed that creating a [...]
Mark Kleinman: Black comeback would be a tall Telegraph tale September 19, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles splashy Telegraph stories, Legal & General’s spring cleaning and the tax hike fears Black comeback would be a tall Telegraph tale Hold the front page: do comebacks arrive any [...]
Why launch an AIM VCT now? First in 17 years debuts September 19, 2024 The first venture capital trust focused on the AIM market in 17 years has been launched by Puma, despite fears over the strength of London’s junior market. AIM stocks have not performed well in recent years, with its index falling 40 per cent over the last three years, compared to a 21 rise in the [...]