Business

House builder Crest Nicholson has warned that its annual profits are set to tumble after slumping nearly £31million into the red at the halfway stage. Daily Express :: City and Business Feed

Battery technology group Highview has secured £300million to build a large, renewable power storage facility in Manchester from investors including Centrica and Denmark’s Kristiansen family, the owners of Lego. Daily Express :: City and Business Feed

Pubs giant Fullers has hiked its shareholder dividend by nearly 21 percent after its annual pre-tax profits rocketed 39.8 percent to £14.4million. Daily Express :: City and Business Feed

Challenger bank Virgin Money has put its cost saving restructuring plans on hold due to its £2.9million takeover by Nationwide Building Society. Daily Express :: City and Business Feed

Legal & General’s new chief executive Antonio Simoes is to overhaul its investment division and target UK and US workplace pensions in a bid to boost its returns. Daily Express :: City and Business Feed

Starling’s revenue rose from £452.8million to £682.2million in the 12 months to March. Daily Express :: City and Business Feed

Furniture giant DFS has warned that weak demand and disruption to Red Sea shipping routes could slash its annual profits by half. Daily Express :: City and Business Feed

Cake shop operator Cake Box says its full-year pre-tax profits are up 15.1 percent to £6.3million, thanks to a combination of new stores, higher sales and cost savings. Daily Express :: City and Business Feed

Bus and rail operator FirstGroup has crashed £18.8million into the red due to a combination of one off pension expenses and higher finance costs. Daily Express :: City and Business Feed

Insolvency group Interpath is understood to have written off more than £320,000 in fees it was owed from the administration of Party Pieces, the former business of the Prince of Wales’ in-laws. Daily Express :: City and Business Feed