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South East

11:52, 5 DEC 2024

Warpaint London set to acquire Brand Architekts in a £13.9m deal

The company said under the terms of the acquisition, each shareholder would receive 48p per share

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Debenhams makes first profit since Boohoo rescue despite sales halving

Debenhams, which was acquired out of administration by Boohoo in 2021, has recorded a pre-tax profit of £4.5 million for the year to 29 February, 2024, having made a pre-tax loss of £732,000 in the prior 12 months

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Gail's Bakery to open 35 new locations in England amid £500m sale talks

The London-headquartered business opened 21 locations in its latest 12 months - a period which also saw its revenue surge from £181.7m to £231.7m

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Upper Crust owner SSP sees profit soar despite 'disappointing' European performance

The firm, which runs cafes, bars and restaurants in train stations and airports, said that there were good performances in North America, the ��Ƶ and Asia-Pacific

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St James's Place to axe 500 jobs in £200m cost-cutting drive

Around a sixth of the wealth manager's non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed.

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BAE Systems announces major recruitment drive, adding 2,400 apprentices and graduates in ��Ƶ by 2025

BAE Systems plc

The company will be training a record 6,500 young people next year including more than 1,500 in the North West

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9fin raises $50 million to revolutionise debt market analytics with AI

The London-based financial data start-up 9fin was founded in 2016 by two university classmates and has so far raised $90m after its latest fundraising round

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Gatwick CEO calls for expansion to meet surging travel demand and alleviate delays

Gatwick currently competes with Mumbai's Chhatrapati Shivaji Maharaj International Airport for a position as the world's busiest single runway airport

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WeBuyAnyCar sales slump by nearly £1bn as used car prices tank

Webuyanycar has reported a revenue of £2.57bn for the year to 31 March, 2024, according to newly-filed accounts with Companies House

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Revolut extends secondary sale to thousands of earliest investors, including Republic users

The British banking company has opened up the next phase of its sale to early stage investors

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Mothercare slumps to loss as Middle East markets continue to struggle

The firm slumped to an adjusted pre-tax loss of £1.4m in the six months to the end of September after having made a profit of £1.8m in the same period last year

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Vauxhall owner Stellantis boss quits after Luton plant closure

The resignation of Stellantis chief executive Carlos Tavares comes just days after the firm announced Luton closure and Ellesmere Port investment

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Nando's to open new restaurants across ��Ƶ after slashing loss

The peri-peri chicken chain said it would open 14 sites in the current financial year, after it cut its pre-tax loss during the year to the end of February 2024

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South Western Railway's new £1bn train fleet finally launched after five-year delay

The new fleet of trains, unveiled at an event in Waterloo Station, have been five years in the making due to a number of separate delays and disputes

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London Stock Exchange takeover frenzy tops £50bn with 45 firms in crosshairs

The high level of takeover activity in London this year has fuelled fears over the health of the City's equity markets, as more than 45 companies have been in the crosshairs of buyout firms

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City broker Peel Hunt posts profit despite Budget hit to deals

The London-listed investment bank posted a pre-tax profit of £1.2 million in the six months to October 31, up from a loss of £800,000 in the same period last year

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ABC Technologies secures £1bn deal to acquire TI Fluid Systems, expanding global footprint

ABC has reached an agreement to acquire TI Fluid Systems for £1bn, four months after the British manufacturer turned down an approach from the Canadian rival

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Losses widen at luxury Shangri-La Hotel at The Shard - but bosses eye improvement

The company behind the luxury Shangri-La Hotel at The Shard has reported a pre-tax loss of £7.3m for 2023, according to newly-filed accounts with Companies House

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Travelodge warns of £21m cost hike after Chancellor Rachel Reeves' Budget

The budget hotel group said costs will increase by £21m in 2025 due to the combined impact of another minimum wage hike in April and a higher rate of employer national insurance

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Direct Line shares surge 42% after rejecting £3.3bn Aviva takeover offer

The FTSE 250 insurer said the cash-and-stock offer from its larger rival was "highly opportunistic and substantially undervalued the company"

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Ford ��Ƶ calls for urgent government incentives to boost electric vehicle sales

Ford ��Ƶ boss Lisa Brankin has said that the government needs to act fast on its proposed EV sales mandate and that incentives are "urgently" needed to avoid missing net zero targets.

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Just Eat announces delisting from London Stock Exchange

The company cited the high costs, administrative burden, and complexity of the disclosure and regulatory requirements required to maintain a London listing. It also highlighted the low liquidity and trading volumes of its shares.

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Easyjet to more than double dividend after profit surge

The airline, which has its base at Luton Airport, has enjoyed more resilience to troubles thanks to its holiday arm, which recorded a 56 per cent rise in pre-tax profit to £190m in the 12 months

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London holds on to crown as tech capital of the world as New York closes in

The Z/Yen Smart Centres Index - which ranks 77 global commercial hubs on their ability to create, develop and deploy tech - showed London remained in first place

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