AJ Bell Net Inflows Surge 42% to £2.7bn, Customer Numbers Record
AJ Bell reported a 42% rise in net inflows to £2.7bn in Q2, with customer numbers hitting a record 723,000, driven by marketing and low-cost propositions.
Category : Corporate News
SFO Probes £44m Insulation Fraud in Energy Scheme
The Serious Fraud Office investigates allegations that three companies defrauded £44 million in public money through false invoices for insulation work under the ECO4 scheme.
North Shields Firm Rescued, 28 Jobs Saved
First-Rate Maintenance, a property maintenance business based in North Shields, has been rescued through a pre-pack administration sale to Dima Group, preserving all 28 jobs and ensuring continued operations under its existing name.
Jimmy Bullard Risks Losing Fee After Adam Thomas Row
I'm A Celebrity South Africa's Jimmy Bullard may lose part of his show fee after a heated Bushtucker trial row with Adam Thomas, leading to their elimination.
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Brownie Bakery Chain Collapses, Last Cafe Shuts Down
The Best Ever Brownie Company has officially entered liquidation, closing its final cafe permanently due to rising costs and founder health issues.
Pressure Washer Recall Over Electric Shock Risk
An urgent product recall has been issued for cordless pressure washers due to serious electric shock risks. The Office for Product Safety and Standards warns consumers to check devices purchased online.
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Absoft Completes Brand Integration, Now Applexus Limited
Applexus Limited announces the official rebranding of its UK subsidiary Absoft, completing the integration following the 2024 acquisition and uniting two leading SAP consultancies under one global brand.
Mulberry Sales Rise Across All Markets as Turnaround Progresses
Luxury handbag maker Mulberry has returned to sales growth across all regions, with UK retail and online sales surging 13.7% in the final six months. CEO Andrea Baldo calls it a year of decisive progress.
Energy Storage Firm GivEnergy Collapses, All Jobs Lost
GivEnergy Ltd, a UK residential battery supplier, has entered administration with all employees made redundant. The company reported a £5.4 million loss for 2024.
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Desk Wellness Gadgets Under £30 to Boost Office Comfort
Discover a curated selection of budget-friendly wellness products, including ergonomic chairs and wobble cushions, designed to enhance posture and comfort during long workdays, with prices starting under £30.
UK Business: Summer Hopes, Investments, and Iran War Impact
Hoteliers in Blackpool anticipate a strong summer season as UK holidays gain popularity. Meanwhile, NatWest sells its HR advisory arm, Manchester United secures £2bn funding, and Rolls-Royce invests £19.3m in turbines. The economy faces uncertainty due to
Quiver Delivery Collapses, 60+ Jobs at Risk
London-based emission-free delivery firm Quiver has entered liquidation, threatening over 60 jobs and disrupting parcel services across the UK and France.
Snapchat Parent Company Announces 1,000 Job Cuts
Snap Inc, the parent company of Snapchat, confirms plans to reduce its workforce by 1,000 employees, representing a 16% cut, as part of a cost-saving initiative.
Tesco Warns of Profit Risks Amid Middle East Conflict
Tesco reports annual profits of £2.4 billion but cautions that future earnings could decline due to uncertainty from the Middle East conflict, impacting UK households and the economy.
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GivEnergy Collapses Into Administration, All Staff Dismissed
GivEnergy Ltd, a UK energy storage systems company, has entered administration with all staff dismissed. The collapse follows a £5.4 million loss and poor strategic decisions.
Papilo Acquires REKK Recycling in Scotland
Papilo, a waste management group backed by Palatine, has acquired REKK Recycling in Scotland, marking its third acquisition in a year to strengthen its UK presence.
Morrisons Puts 200 Office Jobs at Risk in AI Restructuring
Morrisons supermarket launches redundancy consultation affecting 200 head office roles in Bradford, as it plans to increase AI use to streamline operations and automate tasks.
Petplanet Collapses After 27 Years, 100,000 Customers Affected
Petplanet, a UK online pet retailer serving over 100,000 customers annually, has entered administration after 27 years in business. Administrators from BDO have been appointed to manage the insolvency process.
Garden Centre Supplier to Morrisons Collapses into Administration
Opperman Plants Ltd, a family-run business for 29 years, has collapsed into administration, impacting major retailers including Morrisons, Waitrose, and Sainsbury's.
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Imperial Brands Launches Second £725m Share Buyback
Bristol-based Imperial Brands initiates second £725m share buyback tranche as part of £1.45bn program, aiming to reduce capital and return cash to investors through Barclays execution.
North East Business: Key Appointments and Promotions
The North East business landscape sees significant leadership changes with new appointments at The Glasshouse, Northside Farm, Mincoffs Solicitors, Dynamo, Muckle LLP, and True North Construction.
Omega Plastics Sold to Former Senior Team Members
Gateshead-based Omega Plastics, a former North East Company of the Year, has been sold to former senior executives Chris Thompson and Mark Thornton as founder Dave Crone retires after nearly three decades.
Sintons Acquires Cumbrian Law Firm to Expand North
Newcastle-based Sintons LLP announces strategic acquisition of Cumbria Employment Solicitors, integrating its team to extend geographical reach and legal services across the North of England.
Rolls-Royce CEO Wins Backing for £18m Pay Package
Rolls-Royce CEO Tufan Erginbilgic is poised to secure shareholder approval for an £18m compensation package, following the company's dramatic financial turnaround and soaring share price performance since 2023.
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Co-op Group Plans Takeover of Southern Co-op
The Co-op Group is targeting a takeover of Southern Co-op, aiming to integrate 300,000 members and three crematoria by late 2026, amid leadership changes and recent financial challenges.
Co-op Group Plans Merger with Southern Co-op
The Co-op Group has announced plans to merge with Southern Co-op, integrating 300 food, funeral, and Starbucks branches plus three crematoria, pending member approval in late 2026.
John Lewis CEO Pay Hits £1.2M Despite Job Cuts
John Lewis Partnership CEO Jason Tarry received a 21% salary increase to £1.2 million while the retailer eliminated 3,300 positions. The total compensation package reached nearly £1.26 million with bonuses.
Bannatyne Group Sees Record Revenue, Plans Padel Expansion
Duncan Bannatyne's health club chain announces impressive financial results with revenue reaching nearly £158m and plans to invest in new padel courts across multiple UK locations in 2026.
UK Supermarkets Pressured to Adopt Real Living Wage
Marks and Spencer, Sainsbury's, and Tesco are under pressure from campaigners to commit to the Real Living Wage across all UK stores, despite recent pay increases.
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Applied Nutrition Expands for GLP-1 Weight Loss Users
Health brand Applied Nutrition is launching new products tailored for consumers using GLP-1 weight loss medications like Mounjaro and Wegovy, following a surge in demand and strong financial results.
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