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South East

11:12, 10 OCT 2024

Investors withdraw £1.1bn from Liontrust as ��Ƶ budget concerns impact fund flows

Every area of the asset manager's business saw net outflows in the second quarter of its financial year, with the largest, ��Ƶ retail funds and managed portfolio services, suffering a £904m exodus from investors.

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River Island plunges to £30m loss as it warns of 'increasing competition'

River Island has swung to a loss in 2023 as the high street retailer warns of "increasing competition, especially in the digital space"

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Revolution Beauty anticipates recovery with new strategy after tough financial year

Revolution Beauty has updated its sales outlook as the makeup brand battles to turnaround its fortunes following a tough start to the financial year

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Centrica's Hive struggles with losses despite revenue boost in smart home sector

The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022

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Channel 4 reports record loss amid 'challenging year' for ��Ƶ broadcaster

The ��Ƶ's Channel 4 has reported a record loss as it was hit by a "tough cyclical TV advertising downturn" but said it was starting to stabilise.

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Geopolitical tensions could cost global economy $14.5 trillion, warns Lloyd's of London

Lloyd's of London said the economic fallout from a potential geopolitical conflict could trigger losses of $14.5 trillion over the next five years and disrupt global trade

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Mike Ashley's Frasers bets big on brick-and-mortar with 1m sq ft of new shopping malls

The shopping centres - in Exeter, Maidstone and Gloucester - have a combined annual footfall of almost 17 million visitors and 1.015 million square feet

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The Great British Bake Off maker Love Productions' turnover and profit both fall back

Love Productions, the TV company behind The Great British Bake Off, has seen both its turnover and profit fall back during its latest financial year

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Barbie movie buzz fails to lift Mattel's ��Ƶ sales amid tough market conditions

The Berkshire-headquartered division of the US group posted a turnover of £145.5m for the 12 months, down from £162.4m in 2022, according to newly-filed accounts with Companies House.

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Unite Students reports strong growth with 97.5% occupancy amid ��Ƶ student housing crunch

The British student accommodation giant said it had seen nearly-full student accommodation blocks amid record demand from students and still-constrained supply in the ��Ƶ

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JLL profits plummet as 'market uncertainty' hits earnings

The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022

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Japanese brewer Asahi's ��Ƶ arm sinks deeper into losses, reporting a £14m deficit

The division of the Japanese beer maker is the London-headquartered arm of Asahi, whose brands include Peroni, Fuller's Brewery and Grolsch

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Mars Wrigley pays out huge £600m dividend to ��Ƶ owners after bumper year

The business, which has ��Ƶ manufacturing sites in Slough and Plymouth, has significantly upped its dividend for 2023, after also paying out £115million in 2022

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London City Airport reports £6.6m profit, marking a return to pre-pandemic financial health

The hub has reported a pre-tax profit of £6.6m for 2023, according to newly-filed accounts with Companies House, having made a loss of £1.1m in the prior 12 months

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Bottega Veneta ��Ƶ returns to profit despite cost-of-living crisis hitting sales

The ��Ƶ arm of Italian luxury fashion house Bottega Veneta has returned to profit in 2023 despite the cost-of-living crisis cutting into its sales

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Uswitch reports significant sales growth in car and home insurance sectors

The London-based business has reported a turnover of £79.8m for 2023, up from the £63.2m it achieved in 2022

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Government and Network Rail initiate major overhaul at London's Euston Station

It acknowledged that longer-term change is needed but put forward a five-point plan in the interim.

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Sir Ridley Scott's production company faces financial downturn, reporting a pre-tax loss of £2.6 million

Ridley Scott Associates has reported a pre-tax loss of £2.6m for the 12 months to 30 September. The loss comes after the business reported a pre-tax profit of £407,228 for the prior year

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Harry Potter studio tour makes £100m profit as it creates more than 100 jobs

The business behind Warner Bros Studio Tour London The Making of Harry Potter, achieved a pre-tax profit of £100.8m for 2023, according to newly-filed accounts with Companies House

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Watches of Switzerland acquires US-based Hodinkee to boost online luxury watch market presence

The London-listed group has acquired Hodinkee, a media company with an editorial focus on wristwatches, for an undisclosed figure, as it looks to increase its online reach

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Wetherspoons reinstates dividend after profit rebound

Company Results

The pub group has sold 18 pubs and terminated the lease on nine others over the period

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Camera and printer giant Canon sees ��Ƶ sales soar - but still records loss

The Uxbridge-headquartered division reduced its pre-tax loss from £7.3m to £5.1m in 2023, newly-filed accounts with Companies House have revealed.

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��Ƶ's leading grocer Tesco revises profit guidance upwards after strong half-year performance

Supermarket giant Tesco has upped its profit guidance and hiked its dividend after another strong period of trading for the ��Ƶ's biggest grocer

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Utility Warehouse hits milestone with 1 million customers, defying energy price hikes

Telecom Plus, which trades as Utility Warehouse, said it has made a "solid" start to its 2025 financial year, with customer numbers growing to just over 1m households

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