Sainsbury’s: Expected profits up as food shoppers splash Christmas cash but Argos bears brunt of cost of living crisis January 11, 2023 Sainsbury’s cashed in on Christmas shopping with retail sales up more than five per cent, as the supermarket giant expects its profit to be at the “upper end” of guidance. The major retailer now expects to be making close to £700m in pre-tax profit this March, despite the cost of living crisis weighing down consumer [...]
JD Sports expects pre-tax profits to top £1bn following Christmas surge January 11, 2023 JD Sports expects to post pre-tax profits of more than £1bn for the year ending on 3 February 2023 after it recorded a Christmas sales surge. The sportswear retailer said a strong performance in the second half of 2022, driven by a surge in sales over Christmas, will see it achieve its financial goals. The [...]
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]
Ocado beats Google, Microsoft and Mastercard to become one of best firms to work for in Britain January 11, 2023 Food delivery tech firm Ocado beat Google, Microsoft and Mastercard to be crowned as one of the best firms to work for in the UK. In fresh data published by Glassdoor today, Bain & Company was rated Britain’s top employer, with the tech sector dominating the list, taking 21 out of 50 spots. There were [...]
EY appoints ex-Cargill exec as newly-separated advisory firm’s CFO January 10, 2023 EY has appointed former Cargill and General Electric exec Jamie Miller as chief financial officer (CFO) of its split-off global advisory firm. Miller’s appointment as CFO of EY’s soon-to-be separate consultancy firm comes as the Big Four firm pushes forwards with plans to float the newly spun-out business in New York. EY chief executive Carmine [...]
Coinbase to layoff 20 per cent of staff as crypto market declines January 10, 2023 Coinbase Global Inc COIN.O said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees.
Long-awaited report delivers damning verdict on LME nickel chaos January 10, 2023 The LME failed to police large positions on the nickel market and did not have sufficient volatility controls, according to a new report.
Gold rallies to eight-month highs amid hopes of lower Fed interest rate hikes January 10, 2023 Gold prices have stayed firm in today's trading - with the precious metal peaking at $1,880 per ounce this morning.
Npower urges Government to help businesses cut energy use January 10, 2023 The Government needs to offer more support for businesses looking to boost their energy efficiency, argued Npower.
Goldman Sachs warns EU risks clean energy exodus as US lures investment January 10, 2023 Europe risks an exodus of clean energy investment to the US, unless it brings in its own inflation strategy, warns Goldman Sachs.