Workspace says it’s not all doom and gloom for the capital November 15, 2022 Workspace said that despite the “economic doom and gloom”, the capital was still splashing the cash on offices. The London focused flexible working space said profits after interest climbed 33.5 per cent to £29.1m in the half year, driven by a 36.8 per cent (£15.1m) increase in net rental income to £56.1m and ongoing demand [...]
Russia exit drags on Imperial Brands’ profits November 15, 2022 Tobacco giant Imperial Brands reported a sharp fall in profits for the year today following a £463m hit from its exit from Russia earlier in the year.
Defence giant BAE Systems secures £28bn worth of orders so far this year November 15, 2022 BAE Systems, one of the largest defence companies in the UK, has secured £10bn worth of orders in the second half of this year so far. The London-listed defence firm, which builds military-grade jets, submarines and satellites, has kept its guidance in place while many businesses in the UK nudge them lower amid the economic [...]
Vodafone shares slump as it ups cost savings and slashes earnings November 15, 2022 Vodafone shares are on track to hit their lowest point since 1997 this afternoon, paving the way for things to go from bad to worse for the FTSE 100 firm. Not only did the telecoms giant slash its forecasts for the coming year, but it also announced a new cost savings target of over €1bn [...]
Number one: London is B Corp capital of the world with record 1,000 B corporations November 15, 2022 Britain has one of the largest and fastest-growing communities of sustainable businesses in the world as B Lab UK announces that there are now over 1,000 Certified B Corporations in the UK. B Corporations are businesses verified to high standards of social and environmental performance, transparency and accountability. Household names who are part of the [...]
Ex-environment minister slams the ‘failures’ of UK-Australia Brexit deal November 15, 2022 The UK's free trade deal with Australia was a poor deal for the country which "gave away far too much for far too little in return."
Payouts fintech WeGift bags £26m funding as firms dish out cost of living support November 15, 2022 Digital payouts firm WeGift revealed it had bagged a £26m funding injection today as it looks to tap into a wave of firms dishing out one-off payments to staff and customers.
Post-Brexit trade: Over half of UK firms pivoting to EU for growth, HSBC report says November 15, 2022 More than half UK firms are pivoting toward the European Union to navigate their way through economic turbulence. A groundbreaking survey carried out by HSBC UK found that 53 per cent of companies are targeting trade with the continent in spite of post-Brexit rules and renewed Brussels red tape. Surveying 2,000 firms in one of [...]
“On the to-do list”: City minister promises reform as London slips behind Paris November 14, 2022 THE CITY minister Andrew Griffith yesterday said post-Brexit financial services reforms were on his “to do list” after new figures suggesting Paris’ stock market had overtaken London’s sent a shockwave through the Square Mile. The total value of all listings in the French capital overtook London last month, according to number crunchers at Bloomberg. Whilst [...]
Oatly’s shares sour as alternative milk maker plans heavy job cuts November 14, 2022 Oatly has unveiled a brutal plan to cut its workforce and axed its annual revenue forecasts, after posting wider than expected quarterly losses