BMW: How supply chain issues and China lockdowns have impacted its bottom line January 10, 2023 BMW’s sales have slumped in 2022 due to supply chain issues and the now-scrapped zero-Covid policy in China. A byproduct of the pandemic, supply chain issues such as chip shortages and higher raw material costs were magnified by Beijing’s decision to implement severe lockdown measures for the good part of last year. The German automotive [...]
Tangle Teezer launches innovation panel to fuel haircare brand’s future growth January 10, 2023 British haircare brand Tangle Teezer has launched an innovation advisory board panel which will bring together global business leaders and experts from across the retail, haircare, technology, ESG, and scientific communities. Last September the breakthrough British company announced record results of £43.5m for the full year 2021, a year-on-year hike of 46 per cent, the [...]
Plus500: Fintech group tops analysts’ estimates after boost in ‘high-value’ traders January 10, 2023 Fintech trading group Plus500 topped market expectations today as it said revenues for its full year swelled to around $832m on the back of a boost in "high value, long term" customers.
Up-up but not away: Branson’s historic Virgin Orbit UK rocket launch ends in failure after anomaly forces return to earth January 10, 2023 An attempt to make British space history by launching a rocket into orbit from UK soil has ended in failure after suffering an “anomaly” during the flight. After taking off from Cornwall, the Virgin Orbit plane flew to 35,000ft over the Atlantic Ocean where it jettisoned the rocket containing nine small satellites towards space. Organisers [...]
The Notebook: Victoria Scholar on defensive plays, BA’s new uniforms and Elon Musk’s fall from fortune January 10, 2023 | City Talk The Notebook is a new feature for 2023, allowing the City’s biggest names to get a few thoughts off their chest. Today it’s the turn of Victoria Scholar, Head of Investment at interactive investor It has been widely reported that the UK is on the brink of recession while a third of the global economy [...]
Exclusive sitdown: Inflation is forcing advertisers to make some tough choices, warns Ebiquity’s boss January 10, 2023 As inflation hit the highest levels in decades in the UK last year, and across large parts of the world, and the cost of living crisis is eating up the household budgets of millions of Brits, many industries are increasingly suffering. That won’t be any different in 2023 and the advertising space is no exception. [...]
Sadiq Khan hammers Hunt for slashing support for businesses grappling with sky-high energy bills January 9, 2023 Sadiq Khan has urged Hunt to reconsider its plan to drastically cut support in energy bills, fearing an uncertain future for businesses.
Sunak’s move to sweet talk Arm into London listing cheered by tech chief January 9, 2023 Rishi Sunak’s move to restart efforts to woo Arm into a London listing have been cheered by a top tech chief today, who said winning the chipmaker’s listing would be “significant vote of confidence in the UK market”. Sunak reportedly met with Arm’s chief Rene Haas last month in a bid to secure London a [...]
Struggling Britishvolt in talks with investors about buying majority stake January 9, 2023 A consortium of investors are in talks to buy a majority stake in Britishvolt, offering the troubled battery start-up a much-needed lifeline.
Shell weighs up UK investment plans as windfall tax bites January 9, 2023 Shell is still considering whether to cut back on future energy projects in the North Sea, after the windfall tax was hiked.