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Essensys warns of 2026 profit decline due to slow sales and lost contract, while Mitchells & Butlers sees 20% profit rise and shares surge.
Software firm Essensys issued a profit warning for fiscal year 2026, citing prolonged sales cycles, slow adoption of its elumo product, and the loss of a £900,000 annual contract, despite meeting first-quarter revenue expectations.
Founder Mark Furness made a preliminary, non-binding acquisition proposal at 20p per share, though no deal is guaranteed.
The company expects to maintain its cash position through restructuring and cost savings from decommissioning its data center.
Meanwhile, pub group Mitchells & Butlers reported a 20% rise in full-year pre-tax profits to £238 million, driven by a 4.3% like-for-like sales increase, with shares jumping nearly 10% on strong performance and confidence in future growth.
Essensys advierte de una disminución de las ganancias en 2026 debido a ventas lentas y pérdida de contratos, mientras que Mitchells & Butlers ve un aumento del 20% en las ganancias y un aumento en las acciones.