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Business

  • Johnson Matthey profits chipped away by inflation and supply chain woes

    November 23, 2022

    Johnson Matthey’s profits have been eaten into by soaring inflation and ongoing supply chain disruptions. The British chemicals maker had its operating profit dive a quarter to £222m on an underlying basis in the six months to the end of September, according to the group’s latest results. Supply chain constraints have hit the group’s clean [...]

  • Barclays unveiled as Wimbledon’s new banking partner

    November 23, 2022

    Barclays has signed a mega deal to be the newest sponsor of Wimbledon, with top 20 player Frances Tiafoe announced as its ambassador.  It will become the official banking partner of the SW19 championship and make of the biggest ever donations to the Wimbledon Foundation.  The banking giant signed a multi-year deal with the The [...]

  • Exclusive: Government risks £30bn black hole without net zero roadmap

    November 23, 2022

    The Government risks a £30bn-plus yearly black hole in its tax policy, warned environmental think tank Green Alliance.

  • Teens keep flocking to TikTok for book inspiration

    November 23, 2022

    Youngsters say that TikTok has helped them rediscover their love for reading, as the tech giant continues to push into the book selling market. New research from the Publishers Association published today found that BookTok, the social media trend focusing on books and literature, is playing a key role in getting Gen-Z reading again. In a [...]

  • Two thirds of punters say spending limits on bets would spark black market boom

    November 23, 2022

    Two thirds of punters believe spending limits on betting would spark a dramatic rise in the gambling black market. According to a new YouGov survey for the standards body Betting and Gaming Council (BGC), 67 per cent of people said that compulsory spending limits on gambling could drive more people to the unsafe, unregulated gambling [...]

  • GSK blood cancer drug pulled from US market in major blow

    November 23, 2022

    GlaxoSmithKline’s (GSK) blood cancer drug has been pulled from the US market, in a major blow to the British pharmaceutical giant’s reputation as it seeks to build out its oncology offering. The London-listed firm announced yesterday that the US Food and Drug Administration (FDA) had requested the company to withdraw the market authorisation for the [...]

  • Rail strike action will hit those Lynch claims to care about the hardest

    November 22, 2022

    In days past, newspapers had a tried-and-tested way of covering rail strikes. The key element was the photo spread of suit-and-tie workers in unusual situations – perhaps one had got the boat in for the first time, or cycled in on their child’s bike. Combine that with a few snaps of Wimbledon-esque queues to get [...]

  • CMA raises consumer concerns over proposed Baker Hughes-Altus deal

    November 22, 2022

    The Competition and Markets Authority (CMA) has raised concerns over Baker Hughes' proposed acquisition of Altus.

  • Going green a load of rubbish? Well, it is for Bywaters

    November 22, 2022

    In an industrial estate in Tower Hamlets mountain upon mountain of recyclable waste sits waiting to be sorted and baled. A copy of ‘Bioinformatics for Dummies’ is discarded on a conveyor belt amidst plastic bags, cardboard and other random items thrown out in recent days. The smell, whilst unpleasant, is better than you might expect. [...]

  • City job losses loom amid government tax grab and recession

    November 22, 2022

    Square Mile banks, brokers and insurers will shed jobs to alleviate pressure on their balance sheets from the government hiking taxes, the new Lord Mayor of the City of London has warned. Nicholas Lyons, the freshly minted 694th Mayor of the City, told Bloomberg today he expected “there will be some job losses” after chancellor [...]

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