‘Dark clouds on the horizon’ warns Maersk, as it cuts shipping forecasts November 2, 2022 Maersk has warned of "dark clouds on horizon" as it cuts its forecasts for business activity until the end of year, amid recession fears.
Iceland food boss ‘working day and night’ to keep pint of milk under £1 but price rises ‘will get worse’ November 2, 2022 The boss of Iceland has said he “doesn’t know” whether the price of a pint of milk can be kept under a pound, but is “working day and night” to stop it. Richard Walker made his comments on Amol Rajan’s podcast this morning, after joining a campaign to expand free school meals to children whose [...]
Zilch eyes push into BNPL bills as it passes three million customers November 2, 2022 Buy-now pay-later firm Zilch said it was eyeing a push into bill and rental payments today as it sailed past the three million user mark and announced it had hit gross profits for the first time.
Hinkley Point C could have saved customers £4bn this year, says financing chief November 2, 2022 Hinkley Point C could have saved households more than £4bn in energy bills this winter, argued the financing director of Sizewell C.
Cost of loving: Tinder boosted by paid matches despite spending squeeze November 2, 2022 MONEY can’t buy you happiness, but it may be able to buy you love, with Tinder owner cashing in on people looking for love despite cost of living woes. Match Group, which also owns Hinge and OKCupid, revealed that the number of paid subscriptions to the dating app rose seven per cent globally in July-September. [...]
On standby: Britishvolt secures last minute funding to stay afloat November 2, 2022 Beleaguered battery firm Britishvolt has secured last minute funding to keep it afloat another few weeks. The company, which has been developing a massive £3.8bn gigafactory in north-east England, has been locked in emergency fundraising talks for several weeks – pushing to raise £200m, or sell the company outright. The lagging firm is a sign [...]
Exclusive: Female founders dominate cohort of fast-growing start-ups November 2, 2022 Fifty of the UK’s fastest growing start-up firms are set to join a tech accelerator that has helped launched the likes of Wise and Skyscanner - with nearly half of the new cohort founded by women.
Simpson’s Tavern: Crowdfunder raises nearly £20K in less than 24 hours November 2, 2022 A crowdfunding campaign to save Simpson’s Tavern has raised almost £20,000 in just 24 hours since it began in earnest. Simpson’s, which has sat off Cornhill since 1757 and become a City institution, has been served a winding up petition as a result of rent arrears accrued during the pandemic. Whilst many landlords have chosen [...]
COP out: Government pushes back coal mine decision until after climate summit November 2, 2022 The Government has pushed back a decision on whether to go ahead with a new coal mine Cumbria for the third time this year.
Oreo owner Mondelēz looks to pass on price increases: ‘Chocolate is something people can’t live without’ November 2, 2022 Owner of Cadburys and Oreo had bumper revenue in the third quarter, with its CEO saying people simply “cannot live without” chocolate. US conglomerate Mondelēz announced revenues were up more than eight per cent up to September, despite gross profits dipping. Its revenues in Europe were pushed down in part by a strong dollar, with [...]