Latest Stories All Stories

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. …
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 …
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 …
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 …
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) …
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 …
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 …
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 …
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 …
Business
Sky News
Sainsbury’s to close two Argos depots in move that leaves 1,400 jobs at risk
Supermarket giant Sainsbury’s has said it plans to close two Argos depots in a move that will impact 1,400 jobs.It is expected to take place over the next three years as part of a wider shake-up of its general merchandise operations across the group that would see its major warehouses cut from five to three. …
Business
Sky News
Brits paying hundreds of millions to turn off wind farms as network ‘can’t cope’ with the power
UK consumers are paying hundreds of millions of pounds to turn wind turbines off because the grid cannot deal with how much electricity they make on the windiest days.The energy regulator Ofgem has told Sky News it is because the grid is “not yet fit for purpose” as the country transitions to a clean power …
Business
Sky News
Windsor Framework’s value to economy unlikely to be notable but may lift Brexit malaise
How much of a difference might the Windsor Framework make to the UK economy?The answer, as with so many other economic questions, rather depends on how you look at it. Let’s begin with the basics.This deal will not change the formal trade relationship between the UK and the EU.All those post-Brexit issues with frictions and …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources