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Waterstones: Return to the office helps profit almost quadruple

  • January 20, 2025
The return of employees to offices in major UK city centres helped profit almost quadruple at Waterstones during its latest financial year. The bookseller cited the trend of the return to work as a key factor in its pre-tax profit surging from £11.2m to £42.9m in the 12 months to 27 April, 2024. In newly-filed [...]
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New frameworks and updates to help European companies achieve compliance faster

  • January 20, 2025
To build customer trust, companies doing business in Europe must establish and maintain compliance with cybersecurity frameworks. However, changing regulations and new frameworks make managing compliance even more complex and burdensome for overworked security teams. To stay ahead and compete on a global stage, European companies need the right technology, local expertise, and trusted partnerships. [...]
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‘Tone deaf’: Much-hyped AI bot triggers backlash with mock Trump email

  • January 20, 2025
Much-hyped AI startup Boardy faced backlash from users on Monday after a “tone-deaf” email campaign commented on its users’ appearance in the mock tone of Donald Trump. Boardy, a tech start-up which aims to forge connections between professionals, sent a mass email to its customers yesterday imitating the newly inaugurated president. However, users were left [...]
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Boohoo shareholders shun Frasers and vote to keep co-founder Kamani on board

  • January 20, 2025
Boohoo shareholders have voted two to one against a resolution proposed by Mike Ashley’s Frasers Group to remove co-founder and vice chair Mahmud Kamani as a director of the fast-fashion giant. Four fifths of shareholders took part, and two thirds of participating shareholders voted to retain Kamani on the board of the Manchester-headquartered company. In a statement, [...]
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Reeves wades in to motor finance scandal in bid to soften £30bn payout

  • January 20, 2025
Shares in some of Britain’s biggest motor finance lenders have surged today after the Chancellor Rachel Reeves revealed plans to intervene in a mis-selling scandal which could cost the industry billions of pounds. A court judgement handed down in October sent shockwaves through the motor finance sector and has opened the door to what analysts [...]
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Greggs share price falls after City broker says ‘sell’

  • January 20, 2025
Greggs’ share price has fallen nearly four per cent after a leading City broker downgraded its rating for the high street chain to ‘Sell’. Panmure Liberum analysts suggested that Greggs’ time of ‘supernormal’ growth – sales rose by nearly 20 per cent in 2023 – may be over. Analysts suggested that Greggs’ roll-out of evening [...]
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Natwest share price rockets to 10-year high

  • January 20, 2025
The Natwest share price hit its highest level since February 2015 in early deals this morning as investors backed the bank for growth in 2025. The UK bank’s stock price is already up 95 per cent over the last year, making it one of the best performing stocks on the FTSE 100, and it shows [...]
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Abrdn’s chief defends rebrand: ‘The name is the name’

  • January 20, 2025
Abrdn’s new chief executive defended the company’s rebrand from Aberdeen Standard Life and insisted its name will not change today despite a barrage of criticism over the ‘disemvowelment’ of the asset manager. “The name is the name and we will be continuing with it,” said Jason Windsor this morning, when asked whether he would consider [...]
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Marshalls: Recovery in construction to ‘build throughout the year’

  • January 20, 2025
Housing industry supplier Marshalls has said it expects the construction industry to recover in 2025 after struggling over the past few years. But the firm still said its outlook remained “cautious” due to “continued market uncertainty” as well as the impact of an increase in costs from higher National Insurance contributions. Marshalls faces a £3m increase [...]
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