Construction Suffers Sharpest Slowdown Since Covid Lockdown
UK construction activity contracted at its fastest pace since May 2020 in November, with the PMI hitting 39.4. Experts suggest budget uncertainty skewed the data. Read the full analysis.
Category : Search result: profit outlook
Butlin's returns to profit with £28.3m after major losses
Butlin's holiday resorts post a £28.3m pre-tax profit for 2024, a dramatic turnaround from a £74.2m loss. CEO criticises new 'tourism tax' as rival Haven struggles. Read the full financial analysis.
Australian Senate Probes Fiscal Outlook and Public Sector Cuts
Australian Senate Estimates hearings scrutinise the nation's fiscal outlook, cost-of-living pressures, and controversial public service cuts in Victoria. Get the latest political analysis.
30-Hour Snow Event Forecast for UK in December
Weather maps predict a 30-hour Arctic snow barrage hitting the UK from December 11. Scotland and northern England brace for significant snowfall. Get the latest forecast details here.
Thames Water profit leaps to £400m despite collapse risk
Thames Water reports a near-£400m half-year profit, but its financial future remains precarious with a looming funding deadline. Read the full analysis.
Westwood Heirs Bank £35m After Record £59.5m Profit
The heirs of Dame Vivienne Westwood receive a £35m dividend as her fashion empire's pre-tax profit hits a record £59.5m. Discover the financial details and strategic shifts.
UK 2026 Growth Forecast Slashed to 1% by KPMG
KPMG forecasts UK GDP growth will slow to 1% in 2026, with unemployment rising to 5.2%. Business surveys reveal deepening pessimism across services and manufacturing sectors.
HP cuts 6,000 jobs in AI-driven restructuring
HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.
NDIS disability sector in 'market failure' crisis
Australia's not-for-profit disability sector faces collapse due to frozen NDIS price caps, with providers reporting 12% losses over five years. Urgent reform demanded.
Nando's posts £38.2m profit after years of losses
Nando's has returned to profit for the first time since 2016 with £38.2m, but warns Rachel Reeves' tax hikes threaten future performance. Discover the full financial turnaround.
UK Consumer Confidence Hits Bleak -19 Before Budget
UK consumer confidence has cratered to -19, with Brits bracing for tax rises. Discover the bleak GfK survey findings and what it means for the economy ahead of the Budget.
Fundsmith Profit Declines 18%, Terry Smith Pay Drops
Fundsmith founder Terry Smith sees compensation fall to £23.9m amid 18% profit decline. Discover how performance fees impacted earnings in our exclusive analysis.
LionTrust profits fall 45%, targets £1.5m savings
LionTrust Asset Management reports 45% profit drop in H1 2024, launching strategic cost-cutting initiative targeting £1.5m annual savings amid market challenges.
WH Smith CEO resigns after £30m accounting blunder
WH Smith boss Carl Cowling resigns immediately after an accounting failure slashes profit forecasts by £30m. Read the full story on the retail giant's turmoil.
WH Smith CEO steps down after accounting scandal
WH Smith's chief executive departs immediately following a major accounting failure in its North American division that slashed profits and wiped nearly £600m from market value.
Whisper Films Founders Get £2.6m Dividend
Jake Humphrey and David Coulthard receive a bumper £2.6m payday as their production company, Whisper Films, posts record turnover and profit. Discover the financial details behind their success.
Oxford Instruments shares surge despite profit decline
Oxford Instruments shares jumped nearly 10% as the FTSE 250 firm recovered from early-year disruption. Revenue fell 7.9% to £185.5m, but strong order momentum and semiconductor sales boosted investor confidence.
Trainline Raises Profit Guidance as Demand Soars
Digital rail platform Trainline delivers stellar performance with ticket sales and revenue soaring, prompting upgraded profit forecasts as passenger numbers rebound strongly.
Novo Nordisk cuts forecasts again as drug demand slows
Danish pharmaceutical giant Novo Nordisk has cut its sales and profit forecasts for the second time in three months, sending shockwaves through the healthcare sector as demand for its blockbuster weight-loss drugs shows signs of slowing.
Wetherspoon's cautious on outlook amid budget uncertainty
JD Wetherspoon sounds alarm over rising costs and economic pressures as budget uncertainty threatens pub chain's recovery momentum.
Cavendish Hails UK Dealmaking Revival as Profits Grow
Investment banking firm Cavendish reports impressive profit growth and signals a major revival in UK mergers and acquisitions activity after prolonged downturn.
Major tech crash hits Outlook, Xbox and ASDA
Thousands of users across the UK report simultaneous outages affecting Microsoft services, Xbox Live and ASDA operations in a major technical failure.
Next profit upgrade defies UK retail gloom
Fashion giant Next surprises markets with second profit upgrade, suggesting British shoppers remain resilient despite economic pressures. Strong third-quarter sales point to potential retail sector recovery.
California AG Scrutinises OpenAI's For-Profit Conversion
California's Attorney General launches scrutiny of OpenAI's governance shift as tech giant transitions from non-profit to capped-profit model, raising ethical concerns.
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