Premier League to rewrite rules after ’embarrassing’ legal defeat September 4, 2024 The decision by an independent appeal board exposed a loophole in the Premier League’s rulebook that other clubs facing similar charges could also exploit.
Government approval paves way for new Thames Water ‘mega-reservoir’ in South Oxford September 4, 2024 The government has endorsed Thames Water’s plans to manage water supply for the next 50 years, paving the way for a controversial new £1.5bn ‘mega-reservoir’ in South Oxford. Steve Reed, the environment minister, has approved the embattled water firm’s proposal—called its Water Resource Management Plans—in which the firm maps out its strategy to secure the [...]
Grenfell Tower fire: ‘Systematic dishonesty’ by construction firms, report reveals September 4, 2024 The 72 deaths in the Grenfell Tower fire were avoidable, and the blaze was a result of “decades of failure” by government and the construction industry, a report into the disaster has concluded. Scores of people who lost their lives in the blaze which engulfed the 24-storey tower block in north Kensington, on June 14, [...]
Revolut to ‘aggressively’ double down on business accounts after surge in revenue September 4, 2024 The head of Revolut's business-to-business offering has said it is "aggressively doubling down" on the market, after the unit's global revenues exceeded $500m (£380m) this summer.
‘New footing’: Eurogroup president pledges closer ties with City of London as Brexit tensions ease September 4, 2024 The president of the EU’s council of financial ministers pledged closer ties with the City of London yesterday as he hailed a “new footing” in the relationship between Keir Starmer’s government and the bloc.
Pinewood Technologies strikes deal with AI firm to bolster US expansion September 4, 2024 Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood Technologies, which is listed on the London Stock Exchange, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round. The [...]
Gulf Marine Services posts fall in net profit as it slashes debt September 4, 2024 Gulf Marine Services (GMS) posted a hefty dent in net profit in its half-year results despite a sizeable rise in revenue, as the highly levered business continues to focus on debt reduction. The London-listed oil services provider, which operates self-propelled and elevating support vessels for the oil sector out of the United Arab Emirates, saw [...]
Accsys: Building materials firm hails US launch as revenue shows signs of recovery September 4, 2024 Sustainable building materials maker Accsys has officially launched its first operation in the United States in a move it hopes will help it to deliver its “ambitious” production targets, it said today. The London-listed firm, which is headquartered in the city, said its US arm was now up and running, with its newly constructed plant [...]
Hilton Foods: Profit soars at meatpacker as it looks ahead to Walmart site September 4, 2024 Hilton Foods’ seafood and core meat divisions helped bolster the meatpacker’s first-half results as the company geared up for further growth. The FTSE 250 constituent, which had struggled to deal with the rampant inflationary pressures of the last two years, posted a 23.2 per cent rise in adjusted operating profit to £46.9m on a constant [...]
CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.