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Sky News
The radical surgery to revive Durex maker Reckitt is not without risks
The notion that, occasionally, you must do some heavy pruning to encourage growth is known to gardeners everywhere.Management consultants and company executives know it by a different name – ‘shrink to grow’. It holds that a business may have underperforming operations that are dragging on its overall performance and that, by pruning them, you will …
Business
Sky News
EasyJet eases jitters on tough summer for aviation after Ryanair warning
Airline stocks have recovered some poise following an upbeat assessment of summer bookings issued by easyJet.Just days after a Ryanair warning over demand and a need to intensify discounting, easyJet said its prices were flat on average compared with last year and there were no signs of a softening in bookings going into the summer …
Business
Sky News
Labour ‘may have to discourage people from using trains’ after Sunak axed HS2 northern leg
Rishi Sunak’s decision to cancel HS2 between Birmingham and Manchester will lead to reduced capacity on passenger trains to the North West and could cut economic growth, the government spending watchdog has found.Mr Sunak controversially cancelled the high-speed line north of Birmingham at the Conservative Party Conference in Manchester last October, describing the troubled project …
Business
Sky News
The new rules facing banks to secure access to cash amid surprise rise in demand
Efforts to secure access to cash for consumers and businesses are being stepped up through a series of new rules to be imposed by the City watchdog, as a report finds solid demand for notes and coins despite payment declines.The Financial Conduct Authority (FCA) said that from 18 September, banks and building societies would face …
Business
Business Live
Dua Lipa’s production company sees profits soar to £21.7m amid global expansion
Dua Lipa’s production company, Radical22 Live, formerly known as Dua Lipa Live, has reported a significant increase in profits due to the singer’s growing global popularity. The company posted an operating profit of £21.7m for the year ending March 31, 2023, a substantial rise from the previous year’s £8.9m, according to recently filed accounts at …
Business
Business Live
IBM UK’s profits soar by over £100m in 2023, driven by AI and hybrid cloud services
IBM’s UK arm has seen a surge in profit of over £100m in 2023, driven by the demand for its AI and hybrid cloud services. The Portsmouth-based division reported a pre-tax profit of £172.9m for the past 12 months, a significant increase from £70.4m. Despite a slight dip in revenue from £3.1bn to £3bn, as …
Business
Evening Standard
Sales grow for caterer Compass as workers opt for canteen lunches
Catering company Compass has seen its share price rise after revealing a jump in sales and raising its profit expectations for the year.Shares in the group were up by as much as 5% on Tuesday morning after investors were updated on its sales performance in recent months.Revenues jumped by a tenth in the three months …
Business
Evening Standard
Caramac back on sale for ‘limited time’ after discontinuation disappointment
The Caramac – discontinued last year to widespread disappointment – has returned to shelves for a limited time, its makers have announced.The caramel-flavoured confectionery is on sale again from Tuesday in the form of the classic single bar, a three-bar multipack and a sharing bag of buttons, Nestle said.They will remain available in retailers nationwide …
Business
Evening Standard
Time for a new conversation about government spending
Austerity, said Alexei Sayle, is the notion that the financial crisis was caused by there being too many libraries in Wolverhampton.In truth, the Chancellor behind the idea, George Osborne, didn’t impose as much austerity as he first fancied.He saw that most government spending is non-negotiable, decided long ago.And that the policy was extremely unpopular, even …
Business
Evening Standard
British Airways to put 200 aspiring pilots through training
British Airways has announced it will fully fund up to 200 places on its pilot training programme next year.The airline said it is making the £21 million investment to boost social mobility and diversity within its pilot community.Many prospective pilots are unable to self-fund training, which usually takes around two years and costs in the …
Business
Sky News
‘Mini-Melrose’ plots £50m London stock market listing
A specialist engineering and manufacturing group which resembles the prominent acquisition vehicle Melrose Industries is plotting a £50m London flotation.Sky News has learnt that Amcomri is working with bankers at Cavendish on an initial public offering that would take place this year. Details of the listing have yet to be finalised, but one insider said …
Business
Sky News
Fears of retirement crisis resurface as number saving enough collapses
It’s no secret that many Britons do not save enough to live off in retirement.The bad news is that the number of people falling into that category is rising. The annual retirement report published today by Scottish Widows, the life company, reveals that the percentage of people not on track for even a minimum retirement …

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