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South East

12:40, 11 SEP 2024

Dunelm defies tough consumer environment as sales and profits rise

The Leicester-headquartered homeware retailer said its sales growth was driven by the volume of goods sold and the continued expansion of its digital footprint.

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Rentokil's shares tumble after second profit warning, £80m hit expected

The British-based pest control giant has slashed its profit forecast for the year after expanding its US workforce to meet peak season demand, which fell short of expectations

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Marylebone Village and Harley Street owner sees pre-tax losses more than double

Howard de Walden Estates Holdings, which also includes some of the capital's prime shopping areas as well as hundreds of homes, has reported a pre-tax loss of £254.2m for the year to 31 March, 2024, compared to a loss of £102.3m in the prior 12 months

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Sales boost fails to stem widening losses at Wilkinson Sword

The company said its pre-tax loss widened as a result of higher production costs, investment in the marketing of skincare label Bulldog, a partial write-off of a loan from an associated company and the further impairment of investment in an associate.

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��Ƶ banks brace for profit impact amid Labour's proposed tax adjustments

A tax raid on banks is a "real risk" in October's Budget, according to Bloomberg Intelligence, but it would not be enough to derail the lenders' targets for return on tangible equity (ROTE)

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Pizza Hut Europe reports £9.3m pre-tax profit in 2023, recovering from £106.4m loss

The London-headquartered division has reported a pre-tax profit of $12.2m (£9.3m) for 2023, after posting a pre-tax loss of $139.4m in 2022, according to newly-filed documents

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Heinz sales near £1bn as firm battles 51% inflation by increasing prices

Newly-filed accounts with Companies House have revealed that sales at the ��Ƶ arm of the US giant jumped towards the £1bn mark in 2023 despite volumes decreasing after raising its prices to combat inflated costs

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Revolution Bars brings in big name to replace long-standing chairman

Luke Johnson, who has a 20% stake in the company, will replace Keith Edelman, who has served as chairman for the last nine years

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Creditors of Thames Water devise backup funding strategies amid nationalisation fears

The ��Ƶ's biggest water company is in talks with lenders to provide it with fresh funding as it grapples with a debt pile of £18.7bn, but a group of creditors are also drawing up back-up plans

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Darktrace co-founder Poppy Gustafsson to step down from cybersecurity firm after private equity takeover

Poppy Gustafsson, who co-founded the firm in 2013 with backing from the late billionaire Mike Lynch, will be replaced by the company's chief operating officer Jil Popelka

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Berkeley anticipates £525m pre-tax profit amid robust housing demand and supportive government policies

The business said 90 per cent of this profit has already been secured through exchanged sales contracts

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Next 15 shares halve as major client drops out, impacting future revenue projections

Next 15, which specialises in digital and communications services, said one of its biggest clients has decided not to renew an agreement after its three-year term

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Revolut to 'revolutionise business accounts' for millions of companies

Revolut Business has said it is "aggressively doubling down" on the business market, after the unit's global revenues exceeded $500m (£380m) this summer

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Hilton Foods reports 23% profit rise, plans further expansion amid strong seafood and meat sales

Hilton Foods, which has operations in the ��Ƶ, Ireland, APAC and much of Europe, has been bolstered by a strong seafood performance in the six months to 30 June

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Haven holiday parks owner slips into the red after selling Butlin's

Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of £166.5m for 2023, according to newly-filed accounts with Companies House.

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CAB Payments profit slumps as currency moves hit first-half earnings

The London-listed firm, which specialises in FX and cross-border payments for "hard-to-reach markets", said on Wednesday that its pretax profit came in at £13.7m for the six months to 30 June, a 43 per cent drop on the same period last year.

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London's Segro set to acquire Tritax Eurobox in a strategic £552 million deal

The takeover has come at a 27% premium to the closing price of each Tritax share as of 31 May, the last business day before the offer period

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Pop-up funding, banking hubs and business rate reform – what local high streets need to survive and thrive

Federation of Small Businesses

FSB surveyed firms across country for its Future of the High Street report

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London-based fintech unicorn Zilch achieves operating profit, eyes stock market debut

The buy-now pay-later provider, which is one of the ��Ƶ's largest BNPL firms, said it had achieved an operating profit in July and surpassed a revenue run rate of $130m in the same month

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Brits' 'sweet treat economy' and 'little luxuries' help card spending return to growth

The long-awaited British summer has unlocked pent-up demand across a number of retail categories, such as garden centres and butchers, as many Brits dusted off their barbecue for the first time this year

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Revolution Bars resumes trading on AIM with new shares after major restructuring

Revolution Bars has resumed trading on AIM after the completion of a comprehensive restructuring plan aimed at turning the business around

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Productivity software firm Getbusy sees share price drop following underwhelming half-year performance

The AIM-listed company, which provides software for professional and financial services, saw its shares sink by nearly 11 per cent on Tuesday morning

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BBVA gains ��Ƶ regulatory approval for TSB control amid Sabadell takeover battle

BBVA said gaining approval from the Bank of England's Prudential Regulation Authority to buy TSB is one of the regulatory conditions of its offer for Sabadell

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Rightmove in talks with US banks Morgan Stanley and UBS over REA takeover bid

REA Group, which is controlled by Rupert Murdoch, has said it is working with Rightmove's corporate broker, Deutsche Bank, on a possible bid for the ��Ƶ property portal

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