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.
Arm aims for £55bn IPO valuation as potential anchor investors line up August 2, 2023 British chip innovator Arm has set its sights on a valuation target of $60bn (£47bn) to $70bn (£55bn) when it goes public, which could be as soon as this September. Arm is gearing up to float on New York’s Nasdaq in the first week of September with pricing for the IPO to arrive in the [...]
Asda facing £1.2bn bill to 44,000 staff as leaked email piles pressure on pay dispute August 2, 2023 Asda is at risk of losing £1.2bn in historic compensation payouts according to the union representing staff, after a leaked email appeared to strengthen their case today. The email, which was obtained by ITV news, from lawyers Leigh Day compared the knowledge and responsibility of female workers – who traditionally work on shop floors – [...]
Uber chased by HMRC for extra £386m VAT August 2, 2023 HMRC is pursuing Uber for £386m extra in VAT, after paying £615m to resolve a tax dispute last year. In its results statement yesterday, Uber said that “UK tax authorities had disputed the amount and manner in which we were applying VAT to our UK business,” since the restructuring of its business model last March. [...]
Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout August 2, 2023 Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.
5 London rooftop bars with summer food and drink pop-ups August 2, 2023 Try something different this August by booking a table at one of these London rooftop bars. Each has a pop-up celebrating the best of British food and drink, and each with brilliant views across the capital. Read more: The new London hotel that’s perfect for a west London staycation DRINK ROSE ON A ROOF The [...]