Wizz Air smashes passenger records as CEO predicts further summer growth August 3, 2023 Wizz Air said it carried a record 15.3 million passengers in the three months to 30 June, up 25.5 per cent on 2022, as the ultra-low cost airline swung into profit on the back of soaring demand for travel. The historic traffic figures helped the carrier report a €79m (£68m) profit, up from a €284.5m [...]
Next: Retail giant does it again with further profit guidance upgrade August 3, 2023 Next is upgrading its full year guidance for group profit before tax by £10m to £845m, following a strong performance in the second quarter helped by summer sales.
Exclusive: UK government partners with Kindeva in £33m inhaler technology revolution post-pandemic August 3, 2023 The UK government has joined forces with inhaler manufacturers Kindeva Drug Delivery, in a £33m injection to revolutionise inhaler technology post-pandemic. The joint investment aims to produce “eco-friendly” inhalers and create over 250 “high-skilled” jobs in the UK after the Covid-19 exposed a window of opportunity. In the March 2020 dawn of the pandemic, demand [...]
What is the Wrexham effect and how is it impacting sports betting? August 3, 2023 Wrexham AFC’s meteoric rise to fame, thanks to the docuseries ‘Welcome to Wrexham’ has caused sports betting to skyrocket in a phenomenon that has been dubbed the ‘Wrexham Effect’. Gambling giant Entain’s UK sportsbook reported a nearly 60 per cent surge in bets during the National League’s 2021-22 season compared to 2017-18 – the 2019-20 [...]
The Notebook: Victoria Scholar on Muskisms, Barbie and why there’s light at the end of the rate-rising tunnel August 3, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Little relief from interest rates yet, but there is light at the end of the tunnel The Bank of England is forecast to raise interest rates for the 14th time in a row today, lifting [...]
It is time Britain rid itself of its entrenched tall poppy syndrome August 3, 2023 Britain has a tendency to chop down the tallest of our poppies, from growing tech businesses to promising young footballers. Some try to do that with one of our more appealing recent success stories: English wine.One recent article elsewhere said the red tasted like vimto and the good stuff was too expensive; buy French, seemed [...]
‘Fanciful’ – EE’s legal claim against Virgin Mobile given brutal rebuff by High Court August 2, 2023 The High Court has dismissed EE’s legal claim against Virgin Mobile, describing it as “fanciful” with “no real prospect of succeeding”. British telecoms company EE attempted to sue Virgin Mobile for a reported £24.6m over a contract dispute back in August 2022. In a decision ruling in favour of the applicant, the court proclaimed EE’s [...]
Ferrari boosted by ultra-luxury consumers – but update falls flat with investors August 2, 2023 Ferrari upped its forecasts for the year ahead on Wednesday, as the luxury carmaker benefitted from cash-rich consumers’ ambivalence to challenging economic conditions. The luxury carmaker reported revenues of 1.47bn (£1.26bn), up 14.1 per cent year-on-year and an adjusted Ebitda of €589m (£507.2m), up 31.9 per cent. For the year ahead, it is anticipating modest [...]
HumanForest strips out the ‘human’ with Forest rebrand August 2, 2023 Popular e-bike firm HumanForest has undertaken a brand refresh, dropping the human and opting for just ‘Forest’ as it doubles the size of its dark green e-bike fleet in London. Forest said the rebrand came as the company saw bumper growth in 2023, doubling its operational zone and bike numbers in the capital amid rising [...]
UK energy sector M&A activity rises to £10bn this year despite economic gloom August 2, 2023 A flurry of business activity saw nearly £10bn of M&A deals powered by the energy sector in the first six months of 2023, according to PWC.