Finance News – U.K.
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River Island plans to close 33 stores, putting hundreds of jobs at risk
The retailer is undergoing a restructuring that involves shutting multiple locations and threatens significant employment reductions as it addresses financial challenges caused by...
Read Full Article →Matalan: Huge losses continue as almost 200 jobs lost
Matalan’s ongoing financial difficulties are reflected in a significant pre-tax deficit exceeding £60 million, accompanied by a substantial workforce reduction as the company’s rev...
Read Full Article →Peel Hunt: Bonuses scrapped for third year running
Despite ongoing financial challenges at Peel Hunt, senior executives received substantial fixed salaries while variable performance-related payments were withheld for the third con...
Read Full Article →Losses continue at maker of BBC Question Time as jobs shed
The production company experienced significant financial challenges, reporting a substantial pre-tax deficit and a sharp decline in revenue over two years, which contributed to wor...
Read Full Article →Wincanton: Losses double as GXO takeover decision drags on
Wincanton reported a significant increase in pre-tax losses, totaling £44.9 million for the year ending March 2024, as uncertainty surrounding a potential acquisition by GXO contin...
Read Full Article →Midland Aerospace: a journey from the brink to a King’s Award for Enterprise
Midlands Aerospace overcame severe financial challenges and industry setbacks to achieve sustained growth and national recognition for its innovative contributions to the aerospace...
Read Full Article →Credit Suisse seeks $440m Greensill Capital losses from SoftBank
Credit Suisse is pursuing legal action in London to recover a $440 million loss linked to Greensill Capital's failure, holding SoftBank financially accountable in the process.
Read Full Article →Sweet success for biscuit giant behind Jammie Dodgers
The company owning popular biscuit brands reported substantial revenue growth exceeding £600 million, alongside job creation and a notable reduction in financial losses during its...
Read Full Article →PureGym: Losses near £90m amid huge expansion drive
PureGym reported a substantial pre-tax deficit of £88.5 million in the latest financial year, reflecting significant investments in workforce growth and new facility openings throu...
Read Full Article →How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal
The revival of loans connected to a major tech acquisition, influenced by political events, eased financial pressures that initially posed significant risks to banking institutions...
Read Full Article →The Guardian slashes losses amid record sales following The Observer deal
The media company improved its financial position by significantly reducing deficits and increasing revenue to approximately £275 million during the fiscal year ending March 2025,...
Read Full Article →Sexy Fish: Billionaire Richard Caring’s restaurant empire reveals losses
The recently published financial statements for Caprice Holding indicate a decline in profitability within Richard Caring’s luxury dining establishments amid ongoing negotiations f...
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