Latest News

Smiths sells detection arm for £2bn


By Dan McGrath

Smiths Group has agreed to sell Smiths Detection to private equity firm, CVC Capital Partners, for an enterprise value of £2bn.

The move is part of the engineering firm’s plan to break up the firm following pressure from activist investors in January, with the aim of unlocking “significant value” and delivering above market growth in the medium term.


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Zigup accelerates profit expectations

Zigup has posted a 15.8% jump in pre-tax profit to £65m in its H1 results covering the six months to 31 October

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Sainsbury’s longstanding shareholder cuts stake

Sainsbury's longstanding shareholder, Qatar Investment Authority (QIA), has announced it is cutting its stake in the supermarket from 10% to around 6.8%

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Victorian Plumbing posts revenue rise

Victorian Plumbing has announced a 5% jump in revenue to £310m in its latest full-year results

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On The Beach reports fourth consecutive record TTV

On The Beach has recorded its fourth consecutive record time-to-value (TTV) in the year to 30 September, increasing by 11% to £1.25bn

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Steel contractor Severfield posts H1 loss

Severfield has posted a £7.6m pre-tax loss in its H1 results after reporting a “subdued” period of market activity

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Manufacturer Gooch & Housego posts 47% profit jump

Manufacturing company Gooch & Housego (G&H) has reported a 46.8% jump in adjusted pre-tax profit to £11.9m in its latest annual results

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HICL and TRIG abandon £5.3bn merger deal

HICL Infrastructure and The Renewables Infrastructure Group (TRIG) have announced that they will not proceed with the £5.3bn merger deal that was agreed last month

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Mitchells & Butlers profit jumps 19% in full year

Mitchells & Butlers has recorded a 19% jump in its profit before tax, totalling £238m in the year to 27 September.

The pub and restaurant operator, which owns Toby Carvery, Miller & Carter and Harvester, said it had traded ahead of the market in the last 12 months, with like-for-like (LFL) sales increasing by 4.3%

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boohoo shares jump 40% despite 23% revenue drop

boohoo has seen its share price increase by 40% despite its revenue dropping by 23% year-on-year to £296.9m in the six months to 31 August

BUDGET 2025: OBR lowers growth forecasts in mid-term

The Office for Budget Responsibility (OBR) has lowered its real gross domestic product (GDP) forecast by 0.3 percentage points to 1.5% on average over the course of the current Government
Melrose CFO announces retirement

The chief financial officer (CFO) at Melrose Industries, Matthew Gregory, has informed the board of his intention to retire and leave the company
Whitbread announces cost savings following Budget disappointment

Whitbread has said that it will deliver £60m in accelerated cost efficiencies in the 2027 financial year, after being "extremely disappointed" with the outcome of the Autumn Budget


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