For the year to 1 April 2002, the company reported turnover up by 21% to £104m, with pre-tax profits up by 34% to £6.1m. The company benefited from the strategic acquisition of The Wine & Beer Company for £7.25m in October 2001. PwC’s Mark Speller said:
‘Despite the extremely difficult conditions of the past 12 months, many of AIM’s companies have shown great resilience.’
The UK buyout market has surged in value, with the strongest quarterly performance recorded since the second quarter 2001. Figures from the Centre for Management Buy-out Research revealed total deal value from July to September of £5.6bn, almost £2bn higher than the previous quarter; this despite continuing concerns over economic outlook, with private equity investors producing the fifth highest quarter value of the last decade. The research also showed renewed activity at the top end.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up