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News

  • April 16, 2024

Record sales for Beefeater gin and Chivas Regal whisky owner

Profits at the company behind the likes of Beefeater gin and Chivas Regal whisky surged by almost £100m during its latest financial year as its sales passed the £1.3bn mark.

  • April 16, 2024

Bargain-loving Brits help drive profit at B&M with 45 new stores in the pipeline

Value retailer B&M Bargains is expecting profits to come in at the top range of guidance, as demand for bargain goods continues to surge amid the cost of living crisis.

  • April 16, 2024

Equals: Payments fintech doubles annual profit and eyes up further growth with M&A

Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.

  • April 16, 2024

Plus500 expects to outperform market expectations after strong start to 2024

The London-Israeli firm saw a 13 per cent jump in new customers compared to the same quarter last year, although the number of active customers dipped two per cent.

  • April 16, 2024

System1 to resume dividends after topping profit forecasts

System1 said it expects to record pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m on 2023.

  • April 16, 2024

Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group

In the letter, which City A.M. has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of

  • April 16, 2024

Another recruiter feeling the heat: Robert Walters slashes jobs as fees slump

The net fee income of Robert Walters dropped 21 per cent in the first quarter of the year, as yet another recruiter has been burned by a slowing job market. The firm revealed today that it had cut its

  • April 16, 2024

Dr Martens names new chief executive amid sales slump in the US

Dr Martens has named Ije Nwokorie after Kenny Wilison decided this would be his last year as top boss at the boot maker.

  • April 16, 2024

Online auctioneer ATG posts revenue growth as Brits unlock value of art and antiques

Online auction marketplace ATG recorded total revenue of $86m (£69m), up 6 per cent year-on-year and up one per cent on an organic basis.

  • April 16, 2024

Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets

The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.

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