Law Firm's £95m Loss Raises "Material Uncertainty" Warning
Pogust Goodhead posts a £95m annual loss as auditors flag concerns over its future. The firm blames litigation costs and pins hopes on US hedge fund backing. Read the full report.
Category : Search result: LBC owner losses
Faulty AI Advice Causing Financial Losses for UK Businesses
Half of UK accountants report clients losing money due to AI-generated financial errors. As HMRC ramps up enforcement, experts warn of severe consequences without professional oversight.
Advent Leads €6bn Bid for InPost
Private equity giant Advent International is heading a consortium exploring a takeover of logistics firm InPost, owner of Yodel, in a deal that could value it at over €6bn.
Global Media loses £140m despite £898m revenue
Media giant Global, owner of LBC and Capital, reports a £140m pre-tax loss as turnover climbs to £898m. Discover the financial details and regional performance of the UK's leading radio and outdoor advertising group.
Motorway takes £25m loan after losses widen to £37.3m
Used car marketplace Motorway has agreed a £25m loan after reporting a £37.3m pre-tax loss for 2024. CEO Tom Leathes says the focus is on long-term growth infrastructure.
One Four Nine Fund cuts losses amid sale talks
Copper Street Capital's One Four Nine fund reduced its annual loss to £1.4m as parent company enters exclusive sale negotiations. Discover the latest on this London investment story.
Sanders Calls for AI Datacentre Moratorium Over Job Fears
US Senator Bernie Sanders calls AI 'the most consequential technology' and demands a slowdown, while Republican Katie Britt proposes criminal liability for harmful AI chatbots targeting minors.
2025's Costliest Climate Disasters: $120bn in Insured Losses
Christian Aid's report reveals 2025's top 10 climate disasters caused over $120bn in insured losses. From SE Asia cyclones to California fires, the human and financial toll is mounting. Urgent action on fossil fuels is needed.
Stella McCartney losses hit £33.6m amid sales slump
Stella McCartney's fashion label sees losses widen to £33.6m as sales fall by 27%, raising concerns over its financial future. Directors cite challenging luxury market conditions.
River Island to close 33 stores by 2026 after £33.2m losses
British fashion chain River Island is closing 33 profitable branches by January 2026, risking hundreds of jobs. The move follows £33.2m losses and a shift to online shopping. See the full list of affected stores.
Rural NZ Exodus: Mill Closures Force Families to Leave
The closure of Winstone Pulp's mills in Ruapehu, New Zealand, has led to over 230 job losses, forcing families to move and raising fears of a 'hollowing out' of rural regions. Read the full story.
Services Sector Job Losses Continue as UK Growth Rebounds
The UK services sector saw further job losses in December, despite a rebound in business activity and rising client confidence. Analysts warn of intense cost pressures and a sluggish economic outlook. Read the full analysis.
Nandy Considers Telegraph Takeover Investigation
Culture Secretary Lisa Nandy must decide on a probe into the Daily Mail owner's £500m Telegraph takeover. The deal, now formally requested, raises questions about media plurality and foreign influence. Read the latest developments.
Tom Hicks, former Liverpool owner, dies aged 79
Tom Hicks, the Texan billionaire who co-owned Liverpool FC and the Dallas Stars, has died at 79. Read about his turbulent Anfield tenure and US sports legacy.
Brighton's Tony Bloom faces $70m betting allegations
Brighton & Hove Albion owner Tony Bloom is accused of being an anonymous gambler behind $70m in winnings, including bets on his own teams. The FA is under pressure to investigate.
UK farmers lose £828m after hottest spring and summer
A new study reveals UK arable farmers face over £800m in losses after the hottest spring and summer on record devastated harvests. Discover the impact on food security and calls for urgent support.
Argos losses exceed £200m as Sainsbury's strategy falters
Argos plunged to a £223.2m pre-tax loss last year, with analysts claiming Sainsbury's 'food-first' strategy left the retailer feeling like an 'unloved child'. Discover the future of the high street staple.
Victoria to cut 4,000 public service jobs in $2.3bn savings plan
The Victorian government announces a major public sector overhaul, aiming to cut 4,000 jobs and save $2.3bn. Find out which departments are affected and the impact on services.
BBC broadcaster Brian Hayes dies aged 88
Tributes pour in for Brian Hayes, the legendary BBC radio presenter known for his sharp wit and commanding voice, who has passed away at 88. Read about his remarkable career.
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
Radio Legend Brian Hayes Dies Aged 87
Tributes pour in for pioneering BBC and LBC presenter Brian Hayes, who has died at 87. The broadcaster transformed phone-in radio with his conversational style over a five-decade career.
Southall fire destroys warehouse, businesses lose thousands
A major fire at a West London business park destroyed a warehouse, causing over £23,600 in losses for local traders. 150 firefighters battled the blaze.
AI Puts 2.1 Million UK Jobs at Risk, OBR Says
OBR analysis reveals over 2 million jobs in key UK sectors face AI automation. Discover the Treasury's response and the potential impact on the economy.
B&Q Owner Kingfisher Raises Profit Forecast to £570m
B&Q owner Kingfisher boosts profit outlook despite softening UK retail market. Discover how strong management drives success in challenging economic conditions.
Gambling tax hike could cause UK job losses
Chancellor Rachel Reeves warned that increasing gambling taxes could lead to significant job losses and harm horse racing. The industry contributes £4bn annually in tax. Read the full analysis.
AI Threatens 3 Million UK Jobs by 2035
New research reveals AI could displace 3m low-skilled UK workers by 2035, while boosting demand for professionals. Discover which roles are most at risk.
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Unimetals liquidation puts 650 UK jobs at risk
Unimetals Group, a major UK metals recycler, is on the brink of collapse, threatening 650 jobs just weeks before Christmas. Read the full story on the crisis.
ExxonMobil shuts Fife plant with loss of 450 jobs
ExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk. Discover the full impact.
Football Maker's Losses Quadruple After Game Axed
Sports Interactive's pre-tax losses surged to £8.5m after cancelling Football Manager 25. Discover how this strategic move aims to secure the franchise's future.
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