31st January 2023 Hydrogen equipment maker’s move under new chief Dennis Schulz follows string of profit warnings ITM Power will cut its headcount by a quarter in a drive to slash costs and improve performance, after a string of profit warnings at the UK hydrogen equipment manufacturer.
Read more
31st January 2023 Once might be considered an accident, but thrice is hard to forgive. Direct Line faces an uphill battle to regain credibility with investors after a trio of profit warnings and a decision to scrap the final dividend, despite assurances that shareholder returns were safe.
Read more
31st January 2023 Nantwich-based food, feed and fuel distributor, NWF Group, has posted record first half results, with a good performance from all three divisions. During the six months to November 30, 2022, the group achieved a 34.6% increase in revenues of £541.8m. Pre-tax profits off £5.9m…
Read more
30th January 2023 Legal & General (LGEN.L) Chief Executive Nigel Wilson is retiring after more than a decade in the top job but will remain in the post until a successor takes the helm, the British insurer and pensions provider said on Monday. The changing of the…
Read more
27th January 2023 Simon French, Chief Economist and Head of Research at Panmure Gordon catches up with Jean Roche, the lead manager of Schroders UK Mid Cap Fund (SCP). They discuss how Jean navigated last year’s tricky market conditions, why UK midcap stocks are currently on their best…
Read more
27 January 2023 Pressure had been building on the group after it scrapped its dividend earlier this month The insurance group said on Friday that Penny James had agreed with the board that she would leave immediately and that Jon Greenwood, the chief commercial officer, would become…
Read more
27th January 2023 Tullow Oil is keen to steer the focus away from the state of its balance sheet and towards the production it can generate from its oilfields in Ghana, Gabon and Kenya. Trumpeting leverage reduction and the chance of lower interest costs as the chief benefits…
Read more
26th January 2023 Government ambitions to transform the UK into a hub for technology suffered another blow yesterday as Ascential, the FTSE 250 information and events group, announced plans to spin off its digital arm into a standalone company listed in New York. The break-up will see…
Read more
24th January 2023 Despite domestic havoc, global price pressures are dropping off rapidly A Nice SurpriseAt the end of last week, we talked about how two main factors will shape the UK economy this year: employment and prices. In my unrelenting mission to look on the…
Read more
24th January 2023 Hutchmed, the Chinese biotechnology group and one of the biggest companies on Aim, has struck a billion-dollar deal with Takeda, of Japan, to develop and commercialise its cancer treatment outside China. The licence agreement will give Takeda the exclusive rights to develop, manufacture and…
Read more
23rd January 2023 The scale of the impact of the wave of rail strikes on London’s hospitality trade was laid bare today as shares in pub chain Fuller’s slumped after it revealed a £4 million hit from industrial action. In a trading update for 43 weeks to…
Read more
21st January 2023 The merchant banking group Close Brothers has rattled its investors by warning that it expects to take a hit of as much as £183 million from its troubled litigation funding business. Shares in the FTSE 250-listed group fell 110½p, or 10.5 per cent, to…
Read more