Darktrace: Cybersecurity giant warns of slowdown as new customers cut back spending April 13, 2023 Cybersecurity firm Darktrace warned of a looming slowdown in sales today as tricky economic conditions and rising costs “pose challenges to winning new customers”.
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Supermarket price wars: Tesco slashes price of milk for first time in three years to rival Lidl and Aldi April 13, 2023 Tesco has slashed the price of milk for the first time in three years and locked the price of over 1,000 products, in the latest move by the UK’s biggest grocer to rival discounter supermarkets. As shoppers are forced to ‘shop around’ for the best-value options, Tesco has reduced the price of a pint of [...]
‘Do not travel to Waterloo today,’ rail network tells commuters after signalling debacle April 13, 2023 Waterloo station is all but closed this morning due to a signalling error. South Western Railways, the commuter rail network which operates services in and out of the station, has this morning urged passengers not to travel to the station. Only a limited service will run and the network has issued a “do not travel” [...]
‘There’s a real opportunity here’: Fintech chief Janine Hirt on why London remains the place to be April 13, 2023 The INnovate Finance boss speaks with City AM on why the next chapter will be crucial for the UK's fintech sector
Freight takes flight: £1.2m fund backs drones to connect isolated parts of the UK April 12, 2023 Drones will take to the sky in the Orkney Islands, as part of a £1.2m funding package to encourage more innovative and cleaner freight delivery solutions across the country. Skysports Deliveries – which provides infrastructure for the air mobility industry – won £150,000 and will use the drones to “improve island to island connectivity,” and [...]
The Notebook: Andrew Wolfson on Britain’s entrepreneurial mix April 12, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s Andrew Wolfson, the chief executive of Pembroke Investment Managers There are over five million small businesses in Britain. They make up over 99% of total businesses in the country and are the very lifeblood of the UK economy. So why do [...]
De La Rue warns of ‘significant uncertainty’ as demand for cash dries up April 12, 2023 Storied banknote-maker De La Rue said profits would slump below expectations today and warned of a “significant degree of uncertainty” as it struggles to cope with a downturn in cash usage.
UK takeover bids tumbled amid banking crisis fears – as private equity firms smell bargains April 12, 2023 Takeover attempts in the UK tumbled sharply in the first three months of the year as fears of a global banking crisis roiled markets and spooked the City’s dealmakers.
CBI crisis deepens as police now investigating misconduct claims after Danker’s dismissal April 12, 2023 Police have launched an investigation after the Confederation of British Industry sacked boss Tony Danker and suspended three other employees following a series of misconduct allegations. The board of the business group said Mr Danker’s conduct “fell short” of what was expected of him and said there had been “serious failings” in how it acted [...]