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News

  • 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.

  • April 16, 2024

Wise: London darling feels benefit of higher interest rates on bottom line

Cross-border volumes for all customers rose 14 per cent to over £30bn with "strong growth" in the smaller personal volume.

  • April 16, 2024

Moneysupermarket: ‘High levels of switching’ as Brits search for a deal amid rising car insurance prices

Moneysupermarket has reported revenue growth of eight per cent in its first quarter to £114.6m, up from £106.3m in the same period of 2023.

  • April 16, 2024

TGI Fridays acquired by listed UK outfit in rare win for the capital

The "transformational combination" would merge "TGI Fridays' largest franchisee with the global franchisor", and is being classed as a reverse takeover.

  • April 16, 2024

Tclarke becomes the latest firm to leave the London Stock Exchange with £91m buyout

Regent has offered 160p per share in cash for Tclarke as well as a final dividend of 4.525p per share, representing the final dividend for the latter's financial year ending 31 December 2023.

  • April 16, 2024

Red flags: Recruiter Hays the latest to sound alarm on 2024 economy

The economy is in sharp focus after another recruiter flagged significant fee declines - suggesting the jobs market is in ill health

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