Iconic bicycle maker Raleigh slumped to a loss of more than £30m despite arresting a prolonged drop in sales, it has been revealed. The Nottinghamshire-headquartered company, which was once the largest bicycle maker in the world, has announced a pre-tax loss of £30.1m for 2023 after having also lost £6.8m in 2022. However, newly-filed accounts [...]
Johnson Matthey has entered the public spat brewing over an activist campaign from its largest investor, attempting to reassure markets it has been taking concerns over its share price seriously. In a withering letter yesterday, US industrials investor Standard Investments slammed the chemicals group’s board for a “continued lack of urgency and incapacity” over its [...]
The sister of OpenAI chief executive Sam Altman has filed a lawsuit in the United States alleging that he regularly sexually abused her over a number of years, starting when they were children. The lawsuit alleges that the abuse began when Ann Altman was three and Mr Altman was 12, and also includes an allegation of rape – with the filing [...]
A company linked to Scottish Labour leader Anas Sarwar has returned to the black, according to its most recently revealed set of accounts. Glasgow-based Hero Brands, whose portfolio includes German Doner Kebab, Island Poké and Choppaluna, has reported a £3.8m pre-tax profit for 2023. The new figure has been revealed in a statement while its [...]
UK-focused stock funds suffered their worst year on record last year as investors yanked nearly £10bn from the market, new figures have shown. While equity vehicles globally raked in a record £27.2bn through 2024, UK funds haemorrhaged some £9.6bn in their most sluggish year ever relative to the performance of the wider market, according to [...]
Shell said it expects to take a $1.3bn (£1.04bn) cash hit in the final quarter from payments for emissions certificates. The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US. The London-listed company also said it expects profits in its gas business [...]
The festive season provided yet another boost in sales for high street nursery brand Mamas & Papas following a bumper year of trade thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered firm today reported record sales during this year’s Golden Quarter, especially within its UK and overseas markets. It said [...]
Occupancy rates at UK hotels rose last November in a pre-Christmas boost, but higher prices have again raised fears about inflation. The average occupancy rate of UK hotels rose from 76.6 per cent to 79.1 per cent in November year-on-year, while London also saw an increase from 79.6 per cent to 82.8 per cent in [...]