Hargreaves Lansdown’s new boss passes first big test – but challenges lie ahead September 19, 2023 Hargreaves Lansdown’s new chief Dan Olley was given a boost today after posting a 50 per cent jump in annual profit - but challenges lie ahead for the firm.
UK ninth ‘freest country’ in new ranking despite ‘alarming’ declines in key areas September 19, 2023 The UK climbed seven places to rank ninth freest country in the world between 2020 and 2021, despite "alarming" declines in some areas.
Serica Energy boss still open to mergers as oil and gas industry faces ‘rocky road’ September 19, 2023 Serica Energy is still open to merger and expansion opportunities in the North Sea, confirmed the oil and gas producer's boss.
H&M follows Next, Zara and Boohoo to charge shoppers for online returns September 19, 2023 H&M has become the latest retailer to charge shoppers to return their online shopping purchases. Customers will now be asked to pay £1.99 when they want to take back purchases they made on the H&M website, according to reports in BBC. The retailer told the outlet it introduced the scheme during the summer. Fellow high [...]
Bitcoin peaks at $27,460 before retracing as investors gauge Fed’s direction September 19, 2023 Bitcoin broke through $27k yesterday and continued climbing until it met resistance at $27.4k this morning.
Youtube halts monetisation on Russell Brand’s channel September 19, 2023 Youtube has suspended monetisation on Russell Brand’s channel for “violating” its creator responsibility policy, following sexual assault allegations against the comedian. Over the weekend a joint investigation by the Times, the Sunday Times and Channel 4 levelled accusations at Brand, which include accounts of rape, sexual assaults, and abuse spanning several years. The criminal allegations, which Brand [...]
Till sales surge as retailers boosted by sunny September and back to school deals September 19, 2023 A bout of unusually hot weather in early September helped hike grocery sales at UK supermarkets, with total till sales surging 10.3 per cent in the last four weeks ending 9 September. According to data from NIQ, the figure rose up from 7.2 per cent during the wet July and early August, which deterred shoppers [...]
Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
Right-wing think tank claims digital markets bill is a ‘recipe for disaster’ September 19, 2023 Proposed legislation to regulate digital markets is a “recipe for disaster” and risks spooking tech companies by handing Britain’s competition watchdog unbridled power, according to a new paper by the Institute of Economic Affairs (IEA). The right-wing think tank has today published a paper which warns the Digital Markets, Competition and Consumers bill (DMCC) will [...]