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Wizz Air CEO gets huge bonus despite tumbling shares and profit
The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...
Read Full Article →Bella Italia owner slashes losses after shedding 700 jobs
The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.
Read Full Article →Profit surges at Richard Desmond’s empire ahead of UK lottery court battle
Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...
Read Full Article →THG shares jump as MyProtein owner returns to revenue growth
The company experienced increased sales in its key divisions, boosting investor confidence and contributing to a notable rise in its stock value prior to the annual general meeting...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub
Tritax Big Box’s acquisition of Warehouse REIT for £485 million reflects a strategic investment in the logistics sector, highlighting competitive dynamics among major investors see...
Read Full Article →Halfords to shut garages amid growing cost pressures
Facing rising operational expenses driven by recent fiscal policies, Halfords plans to discontinue certain service locations, a move that has contributed to a slight decline in its...
Read Full Article →Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence
Babcock experienced substantial financial growth with an 11 percent rise in revenue to £4.8 billion and a significant boost in operating profit, reflecting its expanding role in na...
Read Full Article →Net zero levy cuts are just tinkering at the edges
The proposed adjustments to energy charges represent minor financial changes, reflecting ongoing confidence in government intervention despite historical evidence favoring market-d...
Read Full Article →James Reed: UK jobs market is among worst I’ve ever seen
The prolonged downturn in employment over nearly three years highlights significant challenges in the UK labor market, potentially impacting economic growth, business stability, an...
Read Full Article →Industrial strategy shows Labour has a long-term plan for growth
The government’s industrial policy aims to enhance productivity and stimulate economic expansion by fostering sustained collaboration between public institutions and private enterp...
Read Full Article →FCA reviewing bank risk appetite to boost home ownership
The regulator’s assessment of lending practices aims to encourage more accessible mortgage options, potentially impacting housing affordability and stimulating broader economic act...
Read Full Article →Reynolds refuses to rule out further changes to ZEV mandate
The possibility of additional adjustments to the zero-emissions-vehicle regulations creates uncertainty for manufacturers, potentially impacting investment decisions and the overal...
Read Full Article →Falling wage growth could usher interest rate cuts, Andrew Bailey suggests
A slowdown in employee earnings may prompt the central bank to consider lowering borrowing costs to support economic stability in the near future.
Read Full Article →Slim pickings: grocery sales down as Brits turn to weight-loss jabs
The increasing adoption of prescription medications for weight management is contributing to reduced grocery store revenues, as consumers adjust their purchasing habits beyond typi...
Read Full Article →Borders watchdog casts doubt on Labour pledge to end asylum hotels
The borders watchdog has expressed skepticism about the Labour government’s claim that ending the use of hotels for asylum seekers by 2030 will result in annual savings of approxim...
Read Full Article →Rangers takeover: 49ers promise to attract better sponsors and signings
The involvement of a prominent American ownership group is expected to enhance the club's marketability, leading to increased revenue opportunities through improved sponsorships an...
Read Full Article →ONS appoints Bank of England data exec as new chief
The appointment of a senior Bank of England data expert aims to strengthen the Office for National Statistics’ leadership amid concerns about data management and its impact on econ...
Read Full Article →Manufacturers falter as Reeves urged to fast-track growth policies
The decline in manufacturing output highlights the urgent need for government support through rapid implementation of skills development and technological advancements to stimulate...
Read Full Article →High street stalwart Claire’s explores a sale as cost pressures mount
Claire’s, facing increasing financial challenges and competitive pressures, is considering options that may include selling the business to address rising operational expenses and...
Read Full Article →Inflation ‘plateau’ could keep interest rates higher, Bank hawk warns
Persistent elevated inflation levels are likely to influence the central bank’s decision to maintain elevated borrowing costs, potentially impacting economic growth and financial m...
Read Full Article →Natwest executive top choice to lead Reeves’ National Wealth Fund
Appointing a high-ranking Natwest official to manage the National Wealth Fund could influence the strategic oversight and allocation of substantial public financial resources under...
Read Full Article →Chelsea fans slam club’s ‘exploitative’ new ticket policies
The recent increase in season ticket prices at Chelsea, averaging 17 percent over two years, has raised concerns about the club’s approach to maximizing revenue from dedicated supp...
Read Full Article →Cavendish shares eye year high after rejecting deals unit takeover
Cavendish’s stock rose notably following the company’s decision to decline acquisition proposals for its transaction division, reflecting investor confidence amid unsolicited inter...
Read Full Article →FTSE 100 held back by Shell and BP after ‘fragile’ ceasefire
The modest increase in the FTSE 100 was limited by declining shares of major energy companies, reflecting ongoing market uncertainties and impacting overall investor confidence.
Read Full Article →Motorsport Valley a £16bn jewel in crown of UK, new report says
Motorsport Valley, encompassing regions such as the Midlands and Oxfordshire, generates a turnover of £16 billion, highlighting its important role in the UK’s advanced manufacturin...
Read Full Article →Higher tax ‘inevitable’ as PM makes defence spending pledge
Increasing defence expenditure to a larger portion of the country’s economic output is likely to require additional revenue generation through taxation, according to economic analy...
Read Full Article →Glengoyne whisky maker suffers worst decline in decades as demand falls
Ian McLeod Distillers experienced a substantial reduction in pre-tax profit to £15.6 million for the year ending September 2024, reflecting a significant downturn in consumer inter...
Read Full Article →Saga shares jump after revealing banking tie-up with Natwest
Saga’s stock experienced an increase following the announcement of impending collaboration with a major financial institution, signaling potential growth and enhanced financial ser...
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