Beyond Meat: Pricey vegan alternative’s revenue falls 30 per cent as forecast slashed August 8, 2023 Beyond Meat slashed its annual forecast for the year as its revenues plummeted 30 per cent in the second quarter due to customers becoming more reluctant to buy into pricey fake meat alternatives amid the cost of living crisis. The US company, which supplies its vegan plant based burger patties to the likes of McDonald’s, [...]
Corinthia hotel London is where to take your date celebrity spotting August 8, 2023 The new Velvet Bar has opened at the Corinthia Hotel, one of the grandest central London hotels. We checked in to try it out A sharp intake of breath, then my masseuse pummelled me some more. “I like to fix people.” As I exhaled she put her bodyweight on a knot in my upper back [...]
Bitcoin and co showing more sideways movement – but its shuffling into the green August 8, 2023 Bitcoin continues to trade for around $29k, up by 0.6%, while Ethereum is changing hands for $1.8k, in the green by a marginal 0.05%.
Wilko: Gordon Brothers mull rescue deal for troubled retailer as 12,000 jobs on the line August 8, 2023 Troubled retailer Wilko could reportedly be rescued by global advisory and investment firm Gordon Brothers, which has a history of saving struggling brands. Last week the family owned business made notice of its intention to appoint administrators, after it spent the summer hunting for a rescue deal. Wilko, which has 400 sites across the UK, [...]
H&T: Pawnbroker to expand high street and online presence as profits soar 31 per cent August 8, 2023 H&T, Britain’s largest pawnbroker reported a 31 per cent rise in profit before tax to £8.8m – with the pawnbroker looking to cash in on desperate times by expanding its presence. Its pledge book, which includes short-term loans linked to customers’ belongings, grew 14 per cent in the six months ending 30 June, reaching £114.6m [...]
Nanoco nears commercial production after $150m Samsung settlement August 8, 2023 Manchester-based Nanoco has said it is closer to commercial production than any other time in its history as it uses the proceeds of a legal battle with Samsung “to generate further value from its IP.” Nanoco makes cadmium-free quantum dots, a vital part of a host of anticipated technological development. In a trading update published [...]
Holiday Inn owner IHG reports revenues up almost a quarter as full recovery expected by 2025 August 8, 2023 Holiday Inn owner InterContinental Hotels Group (IHG) reported a 23 per cent rise in revenues during its half year results, as the chain was bolstered by a “healthy” demand for travel. The British hotel group also said operating profit rose 27 per cent to $479m (£375m) up from $377m (£295m) in the same period last [...]
Liontrust gets green light from FCA for GAM takeover as battle with shareholders heats up August 8, 2023 Liontrust has secured the approval of the City watchdog for its proposed takeover of the ailing Swiss fund manager GAM Holdings. Liontrust described the approval as a “major step forward” in the team as it enables the fund manager to take control of GAM’s UK regulated entities. The green light from the Financial Conduct Authority [...]
Data attacks set to enter new era under ‘FraudGPT’, warn cybersecurity execs August 8, 2023 A new breed of malicious AI models are “heralding an era of AI-enabled data attacks” on businesses, Darktrace VP of strategic cyber AI Nicole Carignan has warned. Speaking to City A.M., Carnigan said data attacks will become “faster and harder to defend against in the next few years” as new AI systems make attacks more [...]
Government will have to be ‘brave’ in the face of local opposition to meet net zero goals, former energy head warns August 8, 2023 The government will have to be "brave" in the face of local opposition to its electrification plans, a former head of energy has warned.