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South East

11:05, 4 SEP 2024

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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Pennant International makes duo of senior appointments

The chief executive of cyber security firm Intercede has joined the company - and it has also hired an interim CFO

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Oakley Capital sells Ocean Technologies Group to Lloyd's Register

Private equity firm Oakley Capital has sold the digital learning platform to the maritime classification society for an undisclosed sum

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��Ƶ high street suffers as tax-free shopping for tourists ends, says Kurt Geiger boss

Kurt Geiger's chief executive, Neil Clifford, said the end of VAT-free shopping has had a "massively negative effect" on Britain, as the ��Ƶ continues to shoot itself in the foot.

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REA Group eyes £4.4bn takeover of Rightmove, reshaping global property market

REA Group, one of Australia's largest companies and is majority owned by Rupert Murdoch's News Corp, said it was considering a cash and share offer for the ��Ƶ's largest property portal

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Pound set to outperform major currencies with projected rise to $1.41, says Bank of America

The pound has been one of the world's best-performing major currencies this year and is set to continue its surge against the dollar, according to Bank of America

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Burberry's downfall is about more than just a challenging market - it's also self-inflicted

Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September

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Rodrigo Maza leads Naked Wines in strategic shift towards customer-focused growth

The wine retailer has had a tough time over the last year, and issued a warning in December that it might not be able to pay its debts if things didn't turn around

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CAB Payments partners with Visa to boost emerging markets service

The fintech firm is hoping to move on from its disastrous London float last year

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Nvidia shares plummet despite record quarterly revenue of $30bn

Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago

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Octopus Group invests £25m in London's AIM market, betting on undervalued companies

Octopus Group has quietly pumped £25 million into the London Stock Exchange's junior AIM market, in a bet on the future of the segment

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Prudential confident in achieving ambitious 2027 goals despite sluggish start to the year

The Asia-focused insurer reported a slowdown in new business profit in the first half of the year, but said it was confident in its ability to meet its targets for the full year

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HSBC's incoming boss weighs up middle management overhaul

Georges Elhedery is reportedly considering measures like removing layers of middle management in a sign that he wants to streamline Europe's biggest bank

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GSK and Pfizer challenge expert testimony in Zantac cancer case at Delaware Supreme Court

Delaware's top court is set to hear an appeal from GSK and other pharmaceutical giants to throw out over 70,000 lawsuits alleging that the now-discontinued heartburn drug Zantac caused cancer

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Mike Ashley's Frasers Group acquires 14.65% stake in Australian retail giant

The London-listed retail empire has acquired a 14.65% stake in the Australian retail and distribution firm

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