In the Square Mile, all the pieces matter to City of London prosperity October 27, 2022 “Earn the commute.” That was the phrase that a host of City hotshots used in a panel discussion earlier this week. It’s a helpful way of understanding the Square Mile’s rebound from the pandemic, and indeed, how it has changed. Today, the City will be at its busiest. Thursday is the new Friday, after all, [...]
Saved by the bell: Drax showdown cut short as MPs summoned to votes October 26, 2022 There were "a lot of errors" in the BBC Panorama's expose of Drax's logging practices, argued the firm's leading energy expert.
Growth for Durex owner Reckitt as punters find new way to warm the home October 26, 2022 CONSUMER giant Reckitt enjoyed another bumper quarter heading into the winter – with strong momentum in one particular category suggesting consumers across the world might have found alternative ways to keep warm amid the energy crisis. The firm said it had seen “strong growth” in its intimate wellness portfolio, which includes Durex and KY, alongside [...]
So-so energy: Supplier’s push for funds is a worrying sign for the market October 26, 2022 So Energy's scramble for funds this winter reflects the stark reality that the industry crisis is far from over, as another winter looms.
Spotify calls out ‘kafkaesque’ App Store regulations in its audiobook push October 26, 2022 The boss of Spotify has criticised Apple for stifling its big break into audiobooks, calling its rules around customer access “kafkaesque”. The music streaming firm first announced that it would be pushing into audiobooks back in September, offering a potential rival to Amazon’s Kindle services in the US market. However, Spotify CEO Daniel Ek told [...]
Deutsche Bank posts ninth successive quarterly profit as turnaround efforts yield gains October 26, 2022 ONE OF Europe’s biggest lender’s Deutsche Bank has notched its ninth successive quarterly profit, marking a big turnaround after years of being mired in scandal and losses. The German giant said today profits hit €1.12bn (£975m) in the three months to September, up from €194m (£167m) in the same period last year. Deutsche Bank’s profits [...]
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.
Greggs opens new café in Primark’s Oxford Street store October 26, 2022 Greggs has opened a new café on the top floor of Primark’s flagship Oxford Street store, following the launch of their collaboration earlier this year. The new 110-seater London café will offer a menu of all Greggs’ customer favourites following the success of the first ‘Tasty by Greggs’ eatery in Primark’s Birmingham shop in February. [...]
Judge rejects Nigeria’s call for share of Glencore bribery fine October 26, 2022 A London judge has rejected Nigeria’s call for a share of any money paid out by Glencore to the UK’s Serious Fraud Office (SFO), after the commodity trader pleaded guilty on seven counts of bribery last May. Lawyers acting on behalf of the Federal Republic of Nigeria urged the court to issue a compensation order [...]
DX shareholder moves to oust chair over botched inquiry October 26, 2022 A major shareholder in London-listed logistics company DX Group called for its chair to be ousted today as it accused him of having “severely harmed investor perceptions” in the firm.