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Holly Williams
Business News
12m
Victorian Plumbing buys arch rival Victoria Plum in £22.5m deal
The deal comes just over six months after Victoria Plum was sold in a pre-pack administration deal.
By
Holly Williams
20 May 2024
Business News
British Land sells Meadowhall shopping centre stake for £360m
The sale brings to an end a 25-year ownership of the site by British Land, which first bought Meadowhall in 1999 for £1.07 billion.
By
Holly Williams
20 May 2024
Business News
Marks & Spencer set to ring up profits leap after impressive year
Most analysts are pencilling in a 35% rise in underlying pre-tax profits to £653 million for the year to April on revenues 8.9% higher.
By
Holly Williams
17 May 2024
Business News
Average household energy bill set to fall by 7% in July, say experts
Energy consultants Cornwall Insight said they expect the typical household’s energy bill to fall from £1,690 a year currently to £1,574 on July 1.
By
Holly Williams
17 May 2024
Business News
Bank of England expanding ‘northern hub’ in Leeds
The Bank plans to expand its Leeds workforce from 70 to at least 500 by 2027.
By
Holly Williams
17 May 2024
Money
Company failures soar by nearly a fifth amid construction and hospitality woes
The Insolvency Service said company insolvencies in England and Wales jumped 18% to 2,177 last month.
By
Holly Williams
17 May 2024
Business News
GSK nets £1.2bn after selling final stake in Sensodyne maker Haleon
Haleon was spun out of GSK as a standalone business listed on the London Stock Exchange in July 2022.
By
Holly Williams
17 May 2024
Business News
Land Securities sees end in sight for property slump as losses nearly halve
The FTSE 100-listed firm reported annual pre-tax losses of £341 million, against losses of £622 million the previous year.
By
Holly Williams
17 May 2024
Business News
Sage boss said firm has no plans to ditch UK listing amid London market exodus
Sage boss Steve Hare said the group has no barriers to growth on the London market.
By
Holly Williams
16 May 2024
UK
EasyJet boss to stand down in 2025
Johan Lundgren will step down in early 2025 after seven years in the role and hand over the reins to chief financial officer Kenton Jarvis.
By
Holly Williams
16 May 2024
Business News
Vistry shrugs off property market malaise with upped outlook for home builds
The group said it was on track to deliver more than 18,000 completions in the full year, up from previous guidance for 17,500.
By
Holly Williams
16 May 2024
Business News
United Utilities posts earnings leap amid fallout from sewage spill
The water group reported a 17.5% rise in underlying operating profits to £517.8 million in the year to March 31.
By
Holly Williams
16 May 2024
Business News
School software provider under investigation by UK competition watchdog
The CMA said it was aware of ‘widespread concerns’ in the education sector over alleged anti-competitive behaviour by ESS.
By
Holly Williams
15 May 2024
Business News
Tui delivers record sales amid booming demand for holidays
The group narrowed half-year pre-tax losses to 403.1 million euro (£346.6 million) after revenues jumped 15%.
By
Holly Williams
15 May 2024
Business News
UK wage growth resilient despite jobless rate rising to highest in nearly a year
Experts said a June interest rate cut was ‘up in the air’ after wage growth remained stronger than expected.
By
Holly Williams
14 May 2024
Business News
Bank’s top economist says ‘not unreasonable’ to consider summer rate cut
Huw Pill also said there is ‘some way to go’ in getting and keeping inflation to the Bank’s 2% target.
By
Holly Williams
14 May 2024
Business News
Jobless rate rises to highest for nearly a year, figures show
The ONS said the rate of UK unemployment rose to 4.3% in the three months to March, up from 4.2% in the previous three months.
By
Holly Williams
14 May 2024
Business News
Mission Group rebuffs £27m bid approach from Brave Bison
Aim-listed Mission said the proposal was ‘opportunistic and significantly undervalues the group’.
By
Holly Williams
13 May 2024
Business News
WH Smith unveils 17 new Toys R Us shop-in-shops across the UK
The next wave of 17 will be launched nationwide within the next two months, with three opening on May 25.
By
Holly Williams
9 May 2024
UK
ITV production arm takes hit from 2023 Hollywood strikes
The group said ITV Studios revenues tumbled 16% to £382 million in the first quarter.
By
Holly Williams
9 May 2024
Business News
Blackstone set for Hipgnosis victory after rival suitor refuses to increase bid
Concord has said its offer is ‘final and will not be increased’ despite being outbid by rival Blackstone.
By
Holly Williams
9 May 2024
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