JD Sports slashes profit forecast as US sales slump hits growth
JD Sports cuts pre-tax profit target to £700m-£800m after US sales fell 6.8% and like-for-like sales dropped 3.1% in Q2, putting CEO Régis Shultz's strategy under pressure.
Category : Corporate News
Canaccord Wealth Acquires Birmingham-Based Harris Allday
Canaccord Genuity Wealth Management has acquired Birmingham-based Harris Allday, adding £1.2bn in assets under management and expanding its UK footprint.
DJ Property buys Booker warehouse in Weymouth estate
DJ Property has acquired a 23,500 sq ft warehouse on Granby Trading Estate in Weymouth, leased by Tesco-owned Booker. The off-market deal strengthens the firm's holdings at South Dorset's largest employment site.
UK Refurbishment Sector Faces £1.2bn Loss
The UK refurbishment sector is losing £1.2bn annually due to a skills shortage and project delays, according to a new report by Lawcris. The study highlights urgent need for industry reform.
Ramside Estates acquires telecoms partner Select Telecom
Hospitality group Ramside Estates has acquired Select Telecom Limited, a long-standing supplier of Wi-Fi, networking and communications infrastructure, to bolster future growth.
Surrey Chambers Events and Gatwick Runway Expansion News
Surrey Chambers of Commerce announces business events in September, including a breakfast on sustainable growth, a property lunch, and a briefing on immigration compliance, while Gatwick's Northern Runway Project clears legal hurdles.
Swansea Building Society relocates Carmarthen branch to larger premises
Swansea Building Society has acquired a building on Blue Street in Carmarthen for a new larger branch, investing in its high street presence. Work will finish by February 2027, with the new office opening in March 2027, providing 4,284 square feet of spac
Agratas confirms river won't cool new £4bn Somerset gigafactory
Agratas has pledged not to draw water from the Huntspill River for its new £4bn gigafactory in Somerset, relying instead on Wessex Water's network.
Ashton Gate Stadium boss steps down after decade
Mark Kelly, chair of Ashton Gate Stadium and CEO of Bristol's Sporting Quarter, is stepping down after 11 years, having overseen the £50m redevelopment and transformation into a top UK venue.
Time Finance agrees £55.1m takeover by Ultimate Finance owner
Time Finance has agreed to a £55.1m takeover by Bentley Park, owner of Ultimate Finance, creating a combined net loan book of nearly £650m. Shareholders will receive 59.1p per share, a 12.6% premium.
Au Vodka in £500m acquisition talks with Sazerac
Swansea-based Au Vodka is in advanced talks with US drinks giant Sazerac in a deal that could value the premium vodka brand at around £500m, based on future performance.
Burnham urged to rethink £8,000 ISA allowance cut
Andy Burnham is urged to review the April 2027 ISA changes that cut cash ISA allowance to £12,000 for under-65s, with experts warning it may deter savers and highlighting tax-free benefits of stocks and shares ISAs.
North East appointments: BIC, Morgan Sindall, Clive Owen, Everflow, Ward Hadaway
The North East BIC, Morgan Sindall Construction, Clive Owen, Everflow and Ward Hadaway announce key appointments, including Brett Griffiths as new BIC CEO.
Aviva boss urges Chancellor to avoid pre-Budget speculation
Dame Amanda Blanc warns Chancellor John Healey against pre-Budget policy speculation, citing pension withdrawal surge after last year's tax-free lump sum rumours.
Formica narrows losses as sales rise in UK and Europe
Formica Group's North Shields plant narrowed operating losses to £5.7m in 2025 as revenues rose to £41.4m, with exports to Europe driving growth.
Aviva profits surge 24% after Direct Line acquisition
Aviva's operating profit rose 24% to £1.3bn in H1 2026, fueled by the Direct Line acquisition, with premiums up 29% and wealth management growing 32%.
Principle Opens New Office to Target South Coast
Birmingham-based Principle has invested in a new office to target South Coast opportunities, marking a strategic expansion for the company.
Bristol Airport Car Park Plan Rejected on Appeal
A proposed long-stay car park for Bristol Airport near the Mendip Hills has been refused on appeal, with inspectors citing unacceptable noise disturbance for residents.
Thames Water finance chief gets £1m amid rescue fight
Thames Water paid finance chief Steve Buck £1m and retention payouts to 12 bosses despite debt over £20bn, sparking anger and political backlash.
Teesside Research Hub Files for CVA Amid Financial Turmoil
Materials Processing Institute, a key Teesside research facility, has applied for a Company Voluntary Arrangement after significant cashflow challenges, leading to redundancies and a major restructuring.
Hargreaves Lansdown mandates 3-day office return
Hargreaves Lansdown will require staff to work from the office three days a week from 2027, following its move to a new Bristol HQ, ending flexible homeworking.
Villa Confirm Palhinha Talks With Bayern Munich
Aston Villa's director of football Damian Vidagany confirms ongoing talks with Bayern Munich over Joao Palhinha, citing the midfielder as a perfect fit due to Onana's season-ending injury.
CMA Proposes Extending Land Rules to Aldi and Lidl
CMA proposes extending supermarket land agreement restrictions to Aldi and Lidl, citing their rapid expansion and market share, to boost competition and consumer choice.
Film-Ocean opens new Newcastle base
Film-Ocean, a Scottish subsea robotics firm, has opened a Newcastle office to tap into regional talent and expand its ROV services.
Admiral Profit Falls 18% on UK Motor Insurance Decline
Admiral's pre-tax profit fell 18% to £429.2m in H1, hit by lower UK motor premiums, but EV insurance surged 27% and Europe swung to profit.
Peel launches £417m takeover bid for Harworth Group
Peel Group has made a £417m offer for Harworth, valuing the Yorkshire developer at £582.9m, with a 20% premium per share.
FBC Manby Bowdler Recognised in National Legal Ranking
FBC Manby Bowdler has been recognised in the Legal 500, a national ranking guide, for its expertise across multiple practice areas, highlighting its position as a leading Midlands law firm.
North Shields accountants merge with national group Streets
North Shields-based Hurren & Jubb Accountants has joined top 40 UK firm Streets after 38 years, now trading as Streets Hurren & Jubb with expanded services.
Ehrmann Cornish Dairy names Ed Watts chief executive
Ed Watts has been appointed chief executive of Ehrmann Cornish Dairy, the former Trewithen Dairy near Lostwithiel, as the German-owned company expands in the UK.
AerFin acquired by Orix Aviation in 475m deal
Newport-based AerFin, the Welsh aviation maintenance, repair and overhaul company, is being acquired by Japan's Orix Aviation in a deal worth around £475m.
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