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South East

09:29, 17 SEP 2024

��Ƶ Accor hotels report robust growth in 2023, with notable gains in Ibis division

The results for the Accor ��Ƶ Business & Leisure Hotels and Accor ��Ƶ Economy Hotels for 2023 have been revealed in accounts filed with Companies House

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Lord Conrad Black eyes return to The Telegraph, potentially backing Dovid Efune's bid

Lord Conrad Black, the media tycoon who owned The Daily Telegraph for nearly two decades, is said to be considering backing a bid for the British broadsheet

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National Grid agrees £630m sale of Electricity System Operator to government

The FTSE 100 utility said it expected the transaction to be completed on 1 October

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Renters' Rights Bill: ��Ƶ's biggest landlord praises government's proposals

The ��Ƶ's largest listed residential landlord Grainger, has praised the government's new Renters' Rights Bill, which was presented in Parliament on Wednesday

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Supreme Court rules against Tesco in landmark 'hire and fire' case over employee retained pay

The Supreme Court has ruled that Tesco cannot terminate its employees' contracts for the purpose of depriving them of retained payment, after a three-year legal battle

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Bank of England modifies ��Ƶ banking overhaul plans, easing capital rules after industry pushback

The Bank of England has relaxed a proposed overhaul of the ��Ƶ banking system after an industry backlash, with officials saying the updated package will support "growth and competitiveness"

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Heathrow: ��Ƶ's new £10 airport charge for all passengers will make us 'less competitive'

The controversial Electronic Travel Authorisation (ETA) scheme, which requires visa-exempt passengers to pay £10 and wait around three days for a permit, will be rolled-out to all nationalities next year

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Massive £3.75bn data centre planned in Hertfordshire to boost ��Ƶ's tech infrastructure

A planning application for the new data centre has been submitted and, if approved, construction would be completed by 2029 and create some 500 jobs immediately

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The Gym Group expects profit to be at top end of forecasts after swinging to a profit

The Gym Group, which has 240 gyms across Britain, said it was "well set" to deliver full-year earnings at the top end of market forecasts after swinging to a profit in the first half of 2024

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Amazon Web Services to spend £8billion on new ��Ƶ data centres in tech race

Amazon Web Services plans to invest £8bn in building, maintaining and operating a number of data centres in the ��Ƶ over the next five years, as the cloud division looks to expand its footprint

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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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