FIH Group plc Reports Narrowed Half-Year Losses Amidst Revenue Growth and Strategic Asset Sale
FIH Group plc announced significantly narrowed underlying pre-tax losses of £1.4 million for the six months ending September 2025, a substantial improvement from the prior year. The company also reported a 4% increase in revenue for the period, reaching £18.9 million, despite overall revenue for the full year being below previous figures. A strategic sale and leaseback of Momart's warehouse contributed to the financial position.
Vektra Aviation Re-Listed for Sale with Reduced Price of €5.17 Million
Montenegro's Vektra Aviation, currently under bankruptcy administration, has been re-listed for sale with a reduced starting price of 5.17 million euro. This marks a new attempt to sell the company after a previous offering in June at 6.3 million euro failed to attract a buyer. Interested parties must submit bids by December 2.
Siemens AG Achieves Third Consecutive Record Profit, Net Income Reaches €10.4 Billion in Fiscal 2025
German industrial giant Siemens AG has reported a record net income of €10.4 billion for fiscal year 2025, marking its third consecutive year of record-breaking profits. This achievement comes despite global economic uncertainties, driven by strong performance in key divisions and strategic portfolio adjustments. The company also announced a proposed dividend increase and future investment plans.
Associated British Foods Explores Primark Spin-Off Amidst Sales Decline
Associated British Foods (ABF) is conducting a strategic review into potentially spinning off its fast-fashion retailer Primark from its diverse food businesses. This consideration follows a 3.1% fall in Primark's like-for-like sales in the UK and Ireland, alongside a broader decline in ABF's full-year profits. Rothschild & Co is advising on the review.
German sportswear giant Puma plans to eliminate approximately 900 administrative positions globally by the end of 2026. This move is part of a comprehensive restructuring under new CEO Arthur Hoeld, aimed at addressing significant sales declines, elevated inventory, and a perceived 'too commercial' brand image. The company expects to return to growth from 2027.
EY UK Partners See Average Pay Rise to £787,000 After Profitable Year
EY's UK partners have received their first pay rise since 2022, with average distributable profits increasing by 9% to £787,000 for the financial year ending June 2025. This follows a year of revenue growth and strategic investments, despite a challenging economic environment.
Siemens Sells Bulgarian Headquarters in Sofia on October 20, 2025
Siemens has completed the sale of its Bulgarian headquarters in Sofia on October 20, 2025. The transaction for the 10,100-square-meter property, located in northwestern Sofia, was advised by U.S.-based real estate advisory company CBRE. Financial details of the sale were not disclosed.
