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...Shares in the group have fallen more than a quarter over the past year. The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
Once a particular style has lost its cachet, it can be hard to recover on a standalone basis
‘Complex and unpredictable planning system’ to blame for building shortage, says Competition and Markets Authority
...Earlier this month the company announced a new chief executive, Andrew Silvernail, would join the group in May from an advisory role at private equity group KKR....
...The group has a European operation but its smaller size suggests more limited opportunity for savings....
...The group delivered 12 per cent organic revenue growth, alongside a 35 per cent rise in adjusted profits to £502mn....
...That is one way to read news that 239 groups have failed to provide industry standard-setter SBTi with net zero targets within the agreed 24-month period....
...The share prices of groups such as London-listed Greencoat UK Wind and Octopus Renewables Infrastructure Trust trade at sizeable discounts to their net asset values....
...The group said more than 3mn fraudulent posts were removed last year, with almost 80 per cent of them automatically eliminated by its fraud detection systems....
...The CMA also issued an open letter to fashion retailers on Wednesday urging them to adhere to its Green Claims Code, which it introduced in 2021 to help ensure groups adhered to consumer law....
...At a press conference on results day, Winters acknowledged the group’s poor share price performance and committed to further efforts to revitalise the bank’s fortunes....
...888 is to change its name to evoke as the UK gambling group’s new chief executive Per Widerström tries to draw a line under a year of upheaval that has hammered its share price....
...The UK, in particular, is falling behind, with the worst download speeds in the group of G7 nations. Consolidation would help....
...Financial stocks like Legal & General and Lloyds Banking Group, which offer attractive dividend yields of 8.18 per cent and 5.6 per cent respectively, are also included....
...“We’re the opposite of other luxury groups....
...Mars has acquired a string of vet groups, beginning with the $9.1bn acquisition of vet chain VCA in 2017 while JAB has also purchased two groups....
Data to MPs from 8 lenders show concerns over financial crime and risk appetite among reasons for business account closures
...From a profitability perspective, the group is starting to benefit from operational gearing....
...That lease burden could fall over time, assuming digital channels — which now account for 36 per cent of total sales — continue to ratchet up, but the homewares group does still intend to deepen its London...
...Ocado raised the prospect of taking legal action for the first time on Thursday, as the group reported an annual pre-tax loss of £394mn on sales of £2.7bn....
...It remains hard to generate much enthusiasm, as the beleaguered group’s share price shows....
...The benefit of reduced power costs was also evident in the group’s alumina refineries and aluminium smelters....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...The chief executive of investment group M&G has said he wants to take advantage of under-developed private credit markets in Europe and expand the business’s investments in private assets, amid warnings...
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