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Draeger maintains profitability despite end of PPE contracts
A drop in demand for products has led to a fall in revenues and profits at major Northumberland employer Dräger Safety. Draeger Safety UK Ltd, which trades as Dräger Safety, has manufactured safety and medical technology solutions from its base in Blyth for more than 60 years. It has now published accounts for 2023, showing …
Business
Evening Standard
Adnams chairman to step down as historic brewer makes ‘progress’ on fundraising
Jonathan Adnams, the chairman of beer brewer Adnams, is to step down, marking the end of the family’s representation on the Suffolk-based company’s board.The company said on Thursday that Mr Adnams would step down before next year’s annual shareholder meeting, pencilled in for June 2025.Mr Adnams is a descendent of George and Ernest Adnams, who …
Business
Sky News
Restructuring firm Interpath in talks to buy KPMG French unit
The British-based restructuring firm spun out of KPMG three years ago is to stage another raid on the accountancy giant by acquiring a unit of its French operation.Sky News has learnt that Interpath Advisory is in advanced talks to acquire KPMG‘s restructuring division in France, with a deal possible as soon as next month. City …
Business
Sky News
Future of new oil and gas projects in UK thrown into doubt after landmark Supreme Court decision
The future of new oil and gas projects in the UK has been thrown into doubt following a landmark decision by the Supreme Court.The court concluded the environmental impact of emissions from burning fossil fuels must be considered in planning applications for new extraction projects – not just the impacts of the emissions produced in …
Business
Evening Standard
YouGov shares crash after shock profit warning in ‘busiest year for elections on record’
The busiest year of elections on record has failed to deliver profits for YouGov, as the pollster’s shares crashed today on the back of a shock profit warning.With well over a billion voters across the globe going to the polls this year, YouGov polls and projections have been all over newspaper front pages. YouGov has …
Business
Sky News
Interest rates held for seventh time in a row
The Bank of England has held interest rates at 5.25% for the seventh time in a row.The decision to maintain the cost of borrowing comes despite official figures yesterday which revealed inflation had fallen to the Bank’s target of 2% for the first time in nearly three years. However, the move by its Monetary Policy …
Business
Evening Standard
DS Smith boss insists £5.8bn takeover remains on track amid concerns over deal
The boss of packaging giant DS Smith has insisted the group is pressing ahead with its £5.8 billion sale to a US rival as speculation grows that the deal may be in jeopardy.DS Smith – which counts customers including Amazon and consumer goods group Unilever – agreed an all-share takeover by Memphis-based International Paper in …
Business
Evening Standard
Former OpenAI chief scientist launches own AI company
The former chief scientist and co-founder of OpenAI has announced the launch of his own artificial intelligence (AI) company, which he said would focus on safety.Ilya Sutskever said he was launching Safe Superintelligence and that building safe AI was “our mission, our name, and our entire product roadmap”.In a launch statement on the new company’s …
Business
Evening Standard
Time Out to beat earnings expectations amid strong momentum
Time Out has said it is on track to surpass earnings guidance after strong trading from both its media and markets businesses over the latest quarter.The London-listed firm saw shares rise in early trading on Thursday as a result of the upgrade.Time Out Group boss Chris Ohlund said the firm will “look to the future …
Business
Sky News
Sainsbury’s sells banking arm to NatWest
Sainsbury’s is to sell most of its banking business to NatWest.The high street lender will gain approximately one million new accounts from the deal. NatWest said it also expects to acquire around £2.5bn in gross customer assets, including £1.4bn of unsecured personal loans and £1.1bn of credit card balances, along with £2.6bn in customer deposits.The …
Business
Euro News
European AI competitiveness threatened by French political uncertainty
Business
Euro News
Creative business transformation: What it means and why it’s important for future business success

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