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...
Read Full Article →Easyhotel significantly slashes losses as return to profit nears
Easyhotel’s substantial reduction in pre-tax losses to €1.8 million in 2024 from €10.5 million the previous year reflects notable financial improvement and progress toward achievin...
Read Full Article →Holland & Barrett: Huge losses continue despite sales surge
Despite increased revenue from rising sales, Holland & Barrett has reported substantial pre-tax losses for the second consecutive year, indicating ongoing financial challenges for...
Read Full Article →The Capitalist: This isn’t just blackmail, it’s M&S blackmail
Marks & Spencer is expected to file a substantial insurance claim potentially valued around £100 million to mitigate financial damages caused by a recent cyber attack affecting its...
Read Full Article →Burberry to cut 1,700 jobs as designer suffers heavy losses
The company plans to reduce its global staff by approximately 20%, a measure aimed at addressing substantial financial setbacks and improving overall cost efficiency.
Read Full Article →Tui shares slump as losses widen after quitting London
Tui experienced a notable decline in stock value following a significant increase in underlying operating losses, despite revenue growth and strong results in its cruise business d...
Read Full Article →Insurers launch cover for losses caused by AI chatbot errors
Insurance providers have introduced policies that offer financial protection for expenses like litigation and settlements resulting from malfunctions or mistakes made by artificial...
Read Full Article →JYSK: Losses continue as stores close and jobs shed
JYSK's UK division reported a £3.2 million pre-tax deficit for the year ending August 2024, reflecting ongoing financial challenges amid store closures and workforce reductions.
Read Full Article →US stocks wipe out steep losses that followed Trump’s ‘liberation day’
US stocks rebounded significantly, with the S&P 500 index recovering from previous declines, supported by data indicating the addition of 177,000 jobs in the labor market.
Read Full Article →Losses widen at Gary Neville’s university UA92
University Academy 92, founded by Gary Neville and others, reported a pre-tax deficit of £2.2 million for the year ending July 31, 2024, indicating worsening financial challenges.
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