Getbusy: Productivity software firm’s shares sink as growth slows September 3, 2024 Shares in productivity software provider Getbusy plunged nearly 11 per cent on Tuesday morning after it disappointed investors with its half-year results. Annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m and net cash tumbled to £0.2m, down from £1.7 last year, which Getbusy said reflected “a [...]
Zilch: London fintech unicorn hits monthly operating profit ahead of planned listing September 3, 2024 Zilch has reported its first month of operating profit four years after launching, as the fintech unicorn made progress on its financial targets ahead of a much-anticipated stock market listing.
Michelmersh: Profit sags at brick maker but order book hits multi-year high ahead of building boom September 3, 2024 Brick maker Michelmersh reported a decline in operating profit during the first half of 2024 as economic uncertainty and high interest rates hit housebuilding. Michelmersh’s operating profit fell to just £4.1m in the first half of the year, down 32.8 per cent from the first six months of 2023, the group disclosed in its half-year [...]
T20 Vitality Blast: Quarter-final previews ahead of last eight ties September 3, 2024 This evening the quarter-finals of the T20 Vitality Blast get underway as the eight remaining teams look to reach the Edgbaston finals day in September. Matches in London, Hove, Northampton and Birmingham will decide the final four; where two semi-finals and the final take place in succession next month. T20 Tuesday Surrey vs Durham Surrey [...]
The government needs a flight plan September 3, 2024 Airport capacity is a vital national infrastructure issue critical to growth, but we have no idea where the government stands, says Eliot Wilson Michael O’Leary, the veteran CEO of Ryanair, is a reliable source of copy. Last week this paper reported his view that the next runway to be built to serve London would not [...]
Labour gives TfL go-ahead to build 350 new homes near Cockfosters tube station September 3, 2024 Some 350 new homes, 40 per cent affordable, will be built at Cockfosters tube station on the Northern end of the Piccadilly Line.
Could venture capital firms miss out on the great pension fund start-up splurge? September 3, 2024 The UK's top pension fund managers are poised to pump billions into the UK's start-ups - but venture capital investors keen for cash may play a smaller part than they had hoped, writes Charlie Conchie
UK’s banking regulator ‘extremely mindful’ of US on capital rules overhaul September 3, 2024 The UK’s banking regulator is “extremely mindful” of pushing ahead with a sweeping set of capital rule changes while the US’s reform package remains up in the air, its chief executive has said. Sam Woods, the deputy governor of the Bank of England and boss of the Prudential Regulation Authority, told the Following the Rules [...]
‘Little luxuries’ and warm weather boost card spending September 3, 2024 The summer heatwave, along with the ‘sweet treat economy’ pushed card spending to return to growth in August, although it remained below consumer inflation. Card spending grew by one per cent in August, below the CPIH inflation rate of 3.1 per cent. Almost half of consumers said they continued to spend on small, luxury purchases [...]
Teaching unions may come to regret Ofsted reforms September 3, 2024 Abolishing one-word Ofsted judgements could be a good thing, but not for the reasons the government says, writes David Thomas The government has abolished single-word Ofsted judgments. For now schools will get grades for each of the four sub-categories currently in use, and from next year they’ll be replaced by a report card. Unions are [...]