Business travel is back, but not as we knew it November 3, 2022 | Sponsored After the challenges of recent years, business travel continues to bounce back. American Express’ latest research finds that over four in 10 (42%) UK businesses are looking to increase the amount of business travel they undertake over the coming year. 1 The research proves that travel and the value of in-person connections go hand-in-hand in driving [...]
Revenue climbs for Smith & Nephew as efficiency plan comes good November 3, 2022 Smith & Nephew reported steady revenue growth this morning, with its efficiency plan starting to pay off. Revenue climbed 4.8 per cent for the medical equipment maker to $1.25bn, with all franchises and geographies contributing. Full-year underlying revenue growth currently expected in middle of previously guided range of four to five per cent. Smith & [...]
Trainline’s earnings triple as rail sector continues recovery from Covid-19 November 3, 2022 Ticket seller Trainline today said its earnings are up three-fold compared to 2021 amid the rail industry’s recovery from Covid-19. The online coach and train ticket seller said its revenues had increased more than two times over to £2.16bn, in an uptick that saw its adjusted earnings triple to £45m. The London headquartered company generated [...]
BT hikes cost savings target as profits dip amid inflation and strike action November 3, 2022 BT confirmed it would be upping its cost savings target from by £500m this morning, as the UK’s biggest telecoms firm fends off inflationary pressure. In its half year results, the FTSE 100 company said profit before tax hit £800m, down 18 per cent on the previous year. Although revenue climbed a humble one per [...]
Royal Mail Black Friday strikes could spell mayhem for the whole delivery ecosystem November 3, 2022 ROYAL Mail strikes could cause mayhem for Christmas shopping, with 115,000 posties taking to the picket line at the end of this month. In an announcement late on Tuesday, the Communication Workers Union (CWU) said that it was moving ahead with four further days of strike action, including Black Friday, the largest online shopping day [...]
UK climate tech investment set to double November 3, 2022 Climate tech investment in the UK is on track to double this year after firms in the sector scooped up $7.5bn in the nine months to September, new research has revealed.
Glencore execs used private jets to fly cash bribes to Africa, court hears November 2, 2022 Glencore executives used private jets to fly millions of dollars in bribes to officials in Africa to boost their oil trading activities, a London Court heard today. Traders on Glencore’s London-based West Africa trading desk organised to have bribes, which were withdrawn from the commodity trader’s offices in Switzerland, flown to officials in Cameroon and [...]
Court blocks ‘Essex boys’ traders’ bid to overturn City watchdog’s decision November 2, 2022 A group of oil traders, dubbed the “Essex boys,” who made $700m (£614m) from the collapse in oil prices that saw crude trade negatively at the start of Covid-19, have failed in their bid to overturn a decision by the UK’s financial watchdog to assist US authorities. Traders linked to oil brokerage Vega Capital London [...]
Apollo snapped up $1.1bn from UK pension funds in cash scramble November 2, 2022 Apollo Global revealed it bought over $1bn of assets from distressed UK pension funds as they scrambled to raise cash in the near-meltdown sparked by Liz Truss’s tax-cutting mini-budget.
Drax open to tougher checks on wood imports, confirms sustainability head November 2, 2022 Drax Group would be prepared to do a carbon analysis of its wood imports for its biomass facilities amid claims of