Qinetiq doubles down on profit targets despite ‘challenging’ environment October 12, 2022 Defence giant Qinetiq doubled down on its profits targets today after locking in £800m orders in the first half of the year despite a “challenging” economic environment,
Darktrace backs revenue guidance despite currency turbulence October 12, 2022 LONDON’s tech darling Darktrace maintained its full year expectations for revenue growth this morning despite showing anxiety about the ongoing strength of the dollar. The cybersecurity company said it backed full year 2023 year-over-year revenue growth of between 30 per cent and 33 per cent, but would continue to monitor foreign exchange rates and “their [...]
PageGroup warns of slowdown as profits hit £270.5m October 12, 2022 Recruitment giant PageGroup warned it had seen a "slight softening" in employers' confidence today as it reported a 14 per cent jump in profits the third quarter of the year.
Housebuilder Barratt warns volatility is clouding outlook October 12, 2022 Housebuilder Barratt Developments warned that economic volatility was clouding the picture for the year ahead today but doubled down on profit targets for the remainder of the year.
Hostelworld bookings continue to drag behind pre-pandemic levels October 12, 2022 Hostelworld said despite the continuing recovery of Asia and Oceania, bookings were still dragging behind pre-pandemic levels. In a trading update, the travel firm said September reached 83 per cent of 2019 levels, which was up from 43 per cent in June. However, net revenue last month reached 104 per cent of 2019 levels, reflecting [...]
Renewable revenues capped in Government push to ease record bills October 12, 2022 Renewable projects will be blocked from cashing in on the energy crisis, after the Government confirmed new plans to ease record bills.
Biden reconsidering US relationship with Saudi Arabia after oil cuts October 11, 2022 US President Joe Biden is rethinking the country’s relationship with Saudi Arabia after OPEC+ unveiled heavy cuts to oil production.
Bailey: No extension to emergency bond-buying programme October 11, 2022 Bailey tells pension funds the Bank is "out" of the bond-buying market
Motorists feel the pain of higher petrol prices as OPEC bolsters oil markets October 11, 2022 Prices at the petrol pumps have started to rise again after a three-month decline, according to reports from AA.
Bank of England steps up bond market support again to tame ‘risk to financial stability’ October 11, 2022 The Bank of England today stepped up its emergency bond buying scheme to tackle “a material risk to UK financial stability”. It is the second time in as many days the Bank has ramped up support for the UK bond market, underscoring the scale of volatility it is grappling with. The monetary authority led by [...]