IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales
British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
Direct Line poaches another Aviva executive as new finance chief as turnaround continues
Insurer Direct Line has appointed Aviva executive Jane Poole as its new chief financial officer as the firm looks to narrow its losses and cut costs.
Epwin investors in line for bumper payout despite ‘sluggish’ housing market
Epwin Group investors can expect bumper payouts in 2024 after full-year profit beat market forecasts this morning.
‘Lack of appetite’ in London drives another high-tech firm to Nasdaq
In a statement to markets this morning, London-HQd e-therapeutics said it has "an intention to cancel its admission to AIM and subsequently explore the option of listing on NASDAQ in due course."
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue
The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Tesco’s profit surges as lower prices draw in consumers
Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of p
THG making ‘material progress’ as tech firm’s boss hails 2023 EBITDA growth
Cult Beauty and Myprotein owner THG saw adjusted EBITDA growth of almost 50 per cent in 2023 compared to the year before, it told markets in a statement this morning.
TAG: Travel agent for Jay-Z, Rihanna and Lady Gaga sold to ECI Partners
A former investor in the likes of Harry Potter publisher Bloomsbury, Games Workshop and National Express has acquired a travel agent that arranges the itineraries for the likes of Jay-Z, Rihanna, Lady
Media giants wading into startup investing is a sign of things to come
As traditional advertising revenues decline or come under threat, Jess Jones explains why more major media groups are pivoting towards the world of start up investing
Is there an AI bubble and will it burst?
As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look