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Shares spike at Russell Hobbs seller Ultimate Products after sales and profits surge
Shares in Ultimate Products, which sells Russell Hobbs cookware and laundry products under licence, have spiked after it reported a surge in its full-year sales and profits. The group has posted a revenue of £154.1m for the 12 months to July 31, 2022, up from the £136.3m it achieved in the prior year. Its statutory …
Business
Evening Standard
BT ups cost cut plans as profits tumble
BT today upped its cost savings target by £500 million to £3 billion, raising the prospect of more job cuts and increasing the chances of another fight with unions.The telecom giant has already seen the CWU, which represents 40,000 out of 100,000 staff, lead workers on strikes over pay.Today chief executive Philip Jansen said the …
Business
Business Live
Bisley owner gifts staff over half of company shares in succession move
Newport-based office furniture manufacturer Bisley has gifted its employees over half of shares in the company as part of succession plans. Company owner and chairman Anthony Brown has established an Employee Ownership Trust (EOT) allowing 51% of company shares to be indirectly owned by Bisley’s 500 employees based in its global offices in Newport, Dubai, …
Business
Business Live
Wholesaler Kitwave hints at further acquisitions with expectations of strong full-year results
Wholesale group Kitwave says it has enjoyed a strong second half of the year and its next set of results are on course to meet upgraded expectations. The Tyneside-based group also hinted at future acquisitions as it talked of “considerable growth opportunities” in its market. In a trading update to the London Stock Exchange, Kitwave …
Business
Sky News
Sainsbury’s profits dip as it tries to keep prices low
Sainsbury’s has claimed to be passing on rising costs to shoppers at a slower rate than its competitors, saying its decision is partly responsible for a dip in first-half profits.The UK’s second-biggest supermarket chain by market share, which also owns Argos, updated on its progress as the “big four”, also including Tesco, Morrisons and Asda, …
Business
Sky News
Bank of England unveils biggest interest hike for three decades
The Bank of England has raised the base rate of interest by 0.75 percentage points to 3% – the single biggest increase in more than three decades – and said that the UK is already in recession.The Bank warned that the UK could face a protracted contraction in the coming years, with high inflation and …
Press Release
Pressat
The Next Generation for Myerson Solicitors.
Myerson Solicitors continues to invest in its future and empower the next generation to support the firm’s growth. Despite the impact of COVID, Brexit and economic uncertainty over the past few years, Myerson has increased its turnover organically by 32% since 2020. Recruiting the right people for the right roles and growing organically, without acquisition, …
Press Release
Pressat
Emily Miller of ‘Too Hot to Handle’ Stars in Anti-Fur Campaign for PETA
Cruelty in Every Blink: ‘If You’re Wearing Mink Lashes, You’re Wearing Fur’ London – With steamy new episodes of Too Hot to Handle just around the corner, season two reality star Emily Miller is teaming up with PETA for a campaign urging fans to keep bedroom eyes cruelty-free by avoiding mink lashes. The high-resolution image …
Business
Sky News
‘Dark clouds on horizon’: Shipping giant’s ominous warning indicates trade is slowing globally
Anyone worried that a global recession is looming will take no comfort from the trading update issued today by AP Moller-Maersk.The Danish company, the world’s biggest name in container shipping, is usually a reliable indicator of what is happening – or about to – in global trade. And its message today was not encouraging.‘Dark clouds …
Press Release
Pressat
No let-up in tiger trafficking as 150 tigers are seized a year
Authorities worldwide have seized tigers and parts equal to an average of 150 tigers a year over almost 23 years, with seizures in the first half of this year signalling the relentless pursuit of remaining wild tigers, a new TRAFFIC study revealed today. Overall, whole tigers, dead and live, as well as a variety of …
Press Release
Pressat
NTT names Charlie Li as Senior Executive Vice President Managed Cloud and Infrastructure Services
London, UK – 2 November 2022 – NTT Ltd., a leading IT infrastructure and services company, has announced the appointment of Charlie Li as Senior Executive Vice President Managed Cloud and Infrastructure Services, effective 1 November 2022. As part of the executive leadership team, Li will support the continued growth and development of NTT’s Managed …
Business
Sky News
Britishvolt secures funding, eyes turn to US Federal Reserve, and the rise of sustainable aviation fuel
The electric vehicle battery start-up Britishvolt secures extra funding to help avoid the immediate threat of administration – Ian King speaks to the firm’s chief executive Graham Hoare.All eyes are on the US Federal Reserve as the world’s biggest central bank prepares to raise interest rates again.Plus, the owner of British Airways is looking to …

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