How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Uniqlo owner reports record quarterly profit bolstered by Chinese demand July 13, 2023 Fast Retailing, the owner of Japanese clothing brand Uniqlo, reported a 35 per cent increase in quarterly profit today, and raised its annual profit outlook as it continues to be boosted by demand in China. Fast Retailing’s operating profit in the three months to May surged to 110.3 billion yen. Revenue for the quarter came [...]
Birdbox returns with Birdbox Barcelona – but is it any good? July 13, 2023 Birdbox became a massive hit for Netflix in 2018, not just in terms of viewership but in the way it seemed to capture people’s imagination. Where most Netflix films disappear into the algorithm, the sight of a blindfolded Sandra Bullock leading children from unseen horrors stayed with movie fans. Enter, Birdbox Barcelona… A sequel was [...]
Poundland sales continue to surge as bargain hunters seek out best deals July 13, 2023 Poundland has once again been bolstered by a surge in shoppers seeking out value goods, with its parent company Pepco reporting a 12.5 per cent surge in revenues in the third quarter. Pepco Group said it reached revenues of €1.37bn (£1.17bn) as the group opened 141 new store openings during the third quarter across its [...]
Bosch partners with Nikola Motors in £2.1bn hydrogen deal July 13, 2023 Bosch has unveiled a major new push towards hydrogen technology, unveiling an investment of €2.5 billion (£2.1bn) and a partnership with US electric truck firm Nikola. The technology giant is aiming to generate €5 billion (£4.2bn) in sales of hydrogen technology by 2030, with today marking the start of production of fuel-cell modules – which [...]
Bitcoin and Ethereum seeing upward movement following unexpected dip after promising US inflation figures July 13, 2023 Bitcoin was down to $30,300 early this morning, but signs of a potential bounce are just starting to show around $30,500.
Ofcom opens Virgin Media probe after customers struggle to ditch contracts July 13, 2023 Ofcom has launched an investigation into whether Virgin Media broke rules surrounding contract termination and the handling of complaints. The company has gained the attention of Ofcom after customers filed a significant number of complaints that the firm was making it difficult for them to cancel contracts. The UK communications regulator said their rules are [...]
Shares tumble for struggling FTSE housebuilders: ‘The scale of challenge cannot be swept under carpet’ July 13, 2023 The share price of London FTSE 100 and FTSE 250 house builders all took a tumble this morning, as fresh reports highlighting the state of the property market dampened investor confidence. Barratt was the hardest to fall this morning, with its shares sliding 4.67 per cent, as the group reported a 49 per cent decline [...]
FTSE 100 live: London markets rise after UK GDP contracts by less than expected July 13, 2023 London markets rose this morning, despite housebuilders slumping, after official figures showed that the UK economy contracted by less than expected. The FTSE 100 was trading 0.18 per cent higher at 7,429.68 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, climbed 0.13 per cent to 18,604.03. Sentiment [...]
Barratt Developments warns a ‘deterioration’ in demand for homes due to rate pain has hit hard July 13, 2023 Barratt Developments has warned a “deterioration” in demand for homes has hit housebuilding hard, as a tumultuous mortgage market continues to pile on misery, with the group’s share price down over four per cent when markers opened this morning. The residential building company said net private reservation rate – the number of people putting their [...]