We are not rip-off retailers, says Sainsbury’s July 6, 2023 Bosses at Sainsbury’s have said they are “not rip-off retailer” or “profiteers” as they defended the profit made by the retailer amid scrutiny related to food inflation over the past year. The company also defended increased pay packages for its senior executives at its annual general meeting in London, despite the continued cost-of-living crisis. It [...]
STV buys Greenbird Media for £21.4m and gains hit series in growth push July 6, 2023 STV has acquired Greenbird Media, an unscripted television production network, for £24.1m today in a “transformative” drive for greater growth across the UK and globally. The Scottish broadcaster, which has brought popular dramas like Antiques Road Trip, Celebrity Catchphrase and Blue Lights to UK television screens, is bolstering its STV Studios production division with the [...]
Square Mile booming as return to office and pub ramps up footfall July 6, 2023 The near one thousand pubs and businesses across London’s Square Mile have been boosted by an uptick in footfall across the region in recent months, as punters return to the office and enjoy after work drinks. Tuesday to Thursday footfall, the most popular days in which workers travel in the office, is back to over 80 [...]
Bitcoin price stabilises as BlackRock CEO labels crypto as ‘revolutionary’ July 6, 2023 Bitcoin remains steady around $30,130 this morning, largely flat in the last 24 hours, while Ethereum's Ether was tracking a similar line.
Young’s: Pub chain shrugs off inflation as London acquisitions spur revenue bump July 6, 2023 Young & Co’s Brewery provided a cheery update to investors this morning as the pub operator revealed a 8.3 per cent lift in revenues in the first thirteen weeks of the year. The 220-strong pub chain said it was boosted by a string of acquisitions it made last year in London and the wider UK, [...]
Recruiter Robert Walters hit by continued volatility in tech and finance sectors July 6, 2023 Profit at Robert Walters remained subdued in the second quarter as the recruitment firm struggled with global market uncertainty. In the three months to June, gross profit across the group fell 11 per cent to £99.9m compared to the year before. It said the second quarter of last year was a “record” quarter. Toby Fowlston, [...]
Currys: £60m wiped off market cap as share price tanks 12 per cent after retailer pulls dividend July 6, 2023 Around £60m has been wiped off Currys’ market cap this morning as its share price tanked over 12 per cent, following the retailer pulling its dividend in wake of poor results. Currys revealed that it would not be paying its final dividend to shareholders following poor performance, as its Nordic arm weighed down revenue. The retailer [...]
Legal & General pull out of investment in electric vehicle firm July 6, 2023 Legal & General (L&G) has pulled out of any future investments into Onto, which is one of Britain’s largest electric vehicle (EV) fleet operators, according to reports from Sky News yesterday. Last year, the asset management and pensions giant led a $60m (£47.3m) funding round into the EV-focused startup. At the time it called Onto [...]
Value of London homes sinks as red hot mortgage rates continue to rattle market July 6, 2023 Some 68 per cent of west London homeowners have seen the value of their property decrease since last November, new data shows, as soaring mortgage rates and a difficult buyer market rattle the capital’s housing sector. As buyer confidence falls due to red hot mortgage rates 7,000 homes across west central London decreased in value [...]
Energy sector workers fear UK jobs could vanish in net zero push July 6, 2023 More than half of workers operating in the oil and gas sector fear the shift towards net zero will put their jobs at risk within two years.