Ladbrokes owner Entain warns of slower online gaming revenues September 25, 2023 Coral and Ladbrokes owner Entain has slashed its full-year outlook for online gaming revenues after worse-than-expected recent trading and said it was ramping up efforts to overhaul the business. The group said online net gaming revenues had been softer than predicted since the summer as sporting results went in favour of punters, as well as [...]
Aldi throws £1.4bn into expansion as discount grocer enjoys record sales September 25, 2023 German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Ofgem must speed up plans to protect customers, MPs warn September 25, 2023 MPs have criticised regulator Ofgem for being too slow at implementing changes in the energy sector to protect customers this winter.
London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
Reported cyber security breaches increase threefold for financial services firms September 25, 2023 Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]
British Business Bank says ‘social benefit’ is high as it swings to yearly loss September 25, 2023 The government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147m last year. The UK’s economic development bank said it was impacted by wider economic difficulties which led to a drop in the valuation of firms [...]
The Notebook: Gabriela Hersham on flexi spaces for a flexi city, supporting the next generation and a parable about friendship September 25, 2023 Nurturing new talent requires real thinking about the future of the workplace
Now is the time to change the mechanism that brought us HS2’s repeated failings September 25, 2023 What a sorry mess the country has got itself into HS2 – a poorly planned project, executed badly, at tremendous cost in both time and money. If reports are to be believed that the government is set to axe the Manchester – Birmingham leg, joining with its already dearly-departed Leeds cousin, then we are left [...]
Beautiful Thing, Stratford East, review: the Heartstopper of the 1990s September 25, 2023 Beautiful Thing review and star rating: ★★★★ It’s a dangerous game, hauling up relics from the past and refashioning them for contemporary tastes, especially when the subject matter is this sensitive and ever-changing. Beautiful Thing was a 1993 play that was adapted for the screen in 1996 about two teenage boys who fell for one [...]
The Pensions Regulator investigates Wilko family dividends September 24, 2023 The Pensions Regulator is scrutinising the dividends withdrawn from Wilko as part of an inquiry into the high street discount chain’s downfall. The chain collapsed in August, putting over 12,000 jobs at risk, and now family shareholders are facing pressures to fill a £56m deficit in its pension fund, the Sunday Times has reported. It [...]