Founder of Revolution Beauty Faces Legal Action Over Accounting Scandal By Leah Montebello For The Daily Mail Updated: 21:51 BST, 20 June 2023 Revolution Beauty is currently considering legal action against a former executive as it grapples with an accounting scandal. Trading in the cosmetic company’s shares has been halted since September when auditors refused …
Gear4music experiences loss after increased costs hinder revenue growth Britain’s largest online musical equipment retailer reports a £0.4m pre-tax loss Discretionary consumer goods demand declines due to cost-of-living pressures in the UK Gross margins decline as stock is reduced and costs rise By Harry Wise For This Is Money Updated: 14:06 BST, 20 June 2023 …
Boss of under-fire water company takes a 65% pay cut after public outcry over sewage dumping in rivers By Calum Muirhead For The Daily Mail Updated: 21:51 BST, 19 June 2023 Pay cut: Susan Davy, who has run water firm Pennon Group for nearly three years agreed to forgo her £450,000 bonus Following public outrage …
Fraser Perring, the founder of short-selling firm Viceroy Research, may not fit the stereotypical image of a fearsome executive, but his work has sent shockwaves through the financial world. From his idyllic home in a quiet village near Lincoln, Perring and his team at Viceroy Research profit by betting against companies and exposing their wrongdoings …
Burberry Achieves Record Sales of Over £3bn as Travel Restrictions Ease Burberry’s revenue increased by 10% to £3.1bn in the fiscal year ending 1 April Strict lockdown measures in Mainland China impacted trading Burberry’s Lola handbags and rainwear saw high demand By Harry Wise For This Is Money Updated: 17:15 BST, 18 May 2023 Burberry …
New Legal & General CEO Antonio Simoes to Receive £7 Million Pay Package By Calum Muirhead For The Daily Mail Updated: 15:30 BST, 16 June 2023 Investment management giant Legal & General (L&G) has announced the appointment of former HSBC banker Antonio Simoes as the successor to its long-serving chief executive Sir Nigel Wilson. Simoes, …
Labour’s efforts to win the support of business leaders have been successful, with high-profile backers including South African-born windscreen tycoon Gary Lubner, former Mirror Group Newspapers and Lloyds Bank chairman Sir Victor Blank, and recruitment mogul Peter Hearn. Despite the threat of significant tax increases, these donors have been charmed by the brand of socialism …
Jollyes, the popular British pet shop chain, saw a remarkable increase in revenue last year as sales jumped from £87m to £115.3m. Taking advantage of the pandemic’s momentum, the pet store, the rival of listed giant Pets at Home, aims to open more than 100 locations across the UK. As a result of the surge …
The hype surrounding generative Artificial Intelligence should be taken with a grain of salt. Nvidia, a US software company, has seen a booming share price, with a valuation close to $1 trillion, and investors are scrambling to find the best way to invest in AI. Bill Gates has claimed AI is as important as the …