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01.03.2023 - 09:34
Business
Evening Standard
Aston Martin crashes to loss of £495m despite “iconic” brand status
Aston Martin crashed to a loss of almost half a billion pounds last year amid concerns about its finances.The luxury car maker insists demand for its products are high – sales rose 26% top £1.38 billion for the year to December.And it insists it is on track to hit targets for next year and the …
01.03.2023 - 09:25
Business
Business Live
Losses more than double at Aston Martin
Luxury sports car maker Aston Martin has revealed annual losses more than doubled in 2022 as it blamed a £156 million hit from the weakened pound. The group posted a pre-tax loss of £495 million for last year against a loss of £213.8 million in 2021 after seeing the pound tumble in value against the …
01.03.2023 - 09:16
Business
Evening Standard
Aston Martin Lagonda shares jump on hopes for better 2023 after widened losses
Aston Martin Lagonda has revealed annual losses more than doubled as it faced supply chain woes and took a £156 million hit from the weakened pound, but said profitability would improve in 2023.The luxury car maker posted pre-tax losses of £495 million for last year against losses of £213.8 million in 2021 after seeing the …
01.03.2023 - 08:40
Business
Business Live
VR entertainment group eyes new acquisition after completing $25m sell-off
VR entertainment group Immotion is eyeing a new acquisition after completing a $25m deal to sell one of its divisions. The Greater Manchester-headquartered company has disposed of its location-based entertainment business (LBE) to LBE BidCo Inc for $25.2m. The deal was first announced last month. The division includes Immotion Studios, Immotion VR and C.2K Entertainment. …
01.03.2023 - 08:32
Business
Evening Standard
Persimmon slows housebuilding rate as market conditions bite
One of the country’s biggest housebuilders plans to nearly halve the number of homes it releases onto the market this year as challenging market conditions are expected to cut the amount it can charge.Persimmon said that it would build and sell between 8,000 and 9,000 homes in 2023, down from close to 15,000 the year …
01.03.2023 - 08:31
Business
Business Live
Vimto and Slush Puppie maker warns of ‘challenging year’ ahead as it returns to the black
The maker of Vimto and Slush Puppie returned to the black during its latest financial year. Newton-le-Willows-headquartered Nichols plc has posted a pre-tax profit of £13.8m for 2022, up from a loss of £17.7m in 2021. Its revenue also increased from £144.3m to £164.9m over the same period. READ MORE: Click here to sign up …
01.03.2023 - 08:27
Business
Business Live
Record year at Skipton Building Society accompanied by warning on tougher times
Skipton Building Society saw its largest ever year of mortgage lending in 2022 but has given a number of signals of a slowdown in the housing market. The Yorkshire-based mutual, the country’s fourth largest building society, reported revenues of £1.5bn in 2022 and profit before tax of £298.8m. Over the year the organisation’s membership grew …
01.03.2023 - 08:15
Business
Evening Standard
Just Eat to remain profitable in 2023 despite consumers reining in spending
Online food delivery firm Just Eat Takeaway.com has said it returned to underlying earnings last year and expects to remain profitable in 2023 despite seeing a drop in orders as customers cut back.The Amsterdam-based group swung to underlying earnings of 19 million euros (£16.7 million) last year from losses of 350 million euros (£308 million) …
01.03.2023 - 07:18
Business
Sky News
Biggest annual fall in house prices in a decade
House prices have fallen for the sixth month in a row and dropped 1.1% in the year up to last month, according to one of the UK’s biggest mortgage lenders.House price data from Nationwide building society showed it was the first annual decline since June 2020. On a monthly basis, the price fall from January …
01.03.2023 - 06:51
Business
Evening Standard
Revolut sales jump 33% in 2022 despite crypto downturn
Fintech giant Revolut saw a tripling in sales in 2021, its accounts show today, amid a boom in crypto trading activity, before the so-called ‘crypto winter’ slowed revenue growth in 2022.The London-based firm, which offers debit cards and crypto services, posted revenues of £636 million for the year to end-December 2021, while profits topped £59 million, turning …
01.03.2023 - 00:01
Business
Sky News
Last orders! Pub trade warns of 2,000 closures without budget aid
A further 2,000 pubs are at risk of closure, threatening 25,000 jobs, unless the chancellor comes to the sector’s aid in this month’s budget, according to an industry body.The British Beer and Pub Association (BBPA) cited research by Oxford Economics which forecast 288 million fewer pints would be sold in the next financial year as …
01.03.2023 - 00:01
Business
Sky News
Energy bills may rise again without plan for 2035 clean power target – warning
Household bills could rise if the government further delays its plan to rid the power network of polluting fossil fuels by 2035, the National Audit Office (NAO) has warned.Energy officials committed to the target almost 18 months ago, but their plan to deliver it was delayed by the energy crisis as they focussed instead on …
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