After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Village Hotels in the red after takeover by Blackstone June 30, 2025 Village Hotels fell into the red in the year it was taken over by US private equity giant Blackstone, it has been revealed. The Warrington-headquartered chain slumped to a pre-tax loss of £23.5m for 2024, according to new accounts filed with Companies House. The firm has said the loss was mainly due to exceptional costs. [...]
LeBron James opts into £38m contract as Lakers set for $10bn deal June 30, 2025 LeBron James is set to play in the Lakers’ new ownership era after opting into a £38m contract option. It will mean the 40-year-old, who turns 41 in December, will compete for the Los Angeles side for a 23rd season. The American is just 50 appearances short of Robert Parish’s NBA record, having played 1,562 [...]
Warburtons family in the dough after record sales and profit June 30, 2025 The family behind Warburtons almost doubled their dividend after sales and profit at the bakery giant hit new records. The Bolton-headquartered business, which is run by the fifth generation of the Warburton family, issued an interim dividend of £27.2m in the year to 28 September, 2024, it has been revealed. The pay out is up [...]
Meta’s billion-dollar AI talent hunt sparks broader jobs reckoning June 30, 2025 Meta is offering some of the most lucrative recruitment packages in tech history, as chief executive Mark Zuckerberg leads an aggressive hiring push to reposition the firm as a leader in generative artificial intelligence (AI). The member of the so-called magnificent seven has offered signing bonuses of up to $100 (£79m) to lure top talent [...]
Randox: Losses widen at Covid-19 testing giant June 30, 2025 Losses have widened at Randox, which was one of the major Covid-19 testing providers in the UK, just a few years after raking in a profit of more than £200m. The Northern Ireland-headquartered business has reported a pre-tax loss of £51.8m for the year to 30 June, 2024. The loss comes after Randox posted a [...]
WH Smith knocks down price of high street stores to close sale June 30, 2025 WH Smith has been forced to reduce its offer price for its high street arm by £ 12m amid lower-than-expected cash flow in the period leading up to the sale. The move will see WH Smith become a pure-play travel retailer, and its high street arm will be rebranded to TG Jones. The Swindon-headquartered company [...]
Disney+ adverts help House of Mouse rake in £4bn June 30, 2025 The introduction of adverts on Disney+ has helped sales near the £4bn mark at the House of Mouse’s European arm, it has been revealed. The Walt Disney Company has posted a turnover of £3.9bn for the 12 months to 28 September, 2024, up from the £3.8bn it achieved in the prior year. New accounts filed [...]
Clarks cuts over 1,200 jobs as sales fall by almost £100m June 30, 2025 Clarks cut more than 1,200 jobs as its sales slumped by almost £100m during its latest financial year, it has been revealed. The Somerset-headquartered shoe retailer has reported a revenue of £901.3m for 2024, down from the £994.5m it achieved in 2023. New accounts filed with Companies House also show that Clarks’ headcount fell from [...]
Polar Capital: Profit jumps as boss departs June 30, 2025 Asset manager Polar Capital reported a surge in profit for the latest financial year but a tough final quarter and the threat of market volatility lingered over results. The London-listed firm recorded a 27 per cent jump in core operating profit to £56.7m for the year ending March 31 2025. Pre-tax profit dipped six per [...]
Wimbledon: Strawberry merch drives sales increase at All England Club June 30, 2025 Wimbledon may be famous for its strawberries but it’s not the edible variety that is boosting profits at the All England Club as it prepares for the annual deluge of tennis fans over the coming fortnight. Championship chiefs have sought to capitalise on the seasonal red fruit’s place in the quintessential Wimbledon experience with a [...]