Jet2 set for bumper profits as Brits opt for better weather and warmer seas July 2, 2023 Jet2 is set to report profits ahead of expectations in its full year results next week, as the leisure travel company eyes a critical summer period ahead. The group now expects pre-tax profits well above previous analysts’ estimates, of up to nearly £400m, well ahead of initial predictions of £377m. It comes amid a rise [...]
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]
CMA probe throws £16bn Adobe and Figma tie-up into doubt June 30, 2023 The UK’s competition watchdog has said it may move to block Adobe’s acquisition of design platform Figma unless they can resolve anti-trust concerns. In a summary of the decision, the Competition and Markets Authority (CMA) said the merger of the two companies gives rise to “a realistic prospect of a substantial lessening of competition”. Leading [...]
Legoland owner Merlin surges back to profit thanks to tourism and staycations June 30, 2023 The return of tourists and families enjoying staycations has propelled sales and earnings for the owner of Legoland and Thorpe Park. Merlin Entertainments, which is one of the world’s biggest operators with more than 140 attractions, theme parks and resorts, said it had millions more visitors last year. The multinational group saw its revenues surge [...]
EP: 212 Newcastle, Newmarket & Hong Kong June 30, 2023 Saturday’s eight-race card at Newcastle features the Group 3 Chipchase Stakes alongside the long distance Northumberland Plate, with Newmarket staging two Listed contests in addition to the Group 3 Criterion Stakes. City AM Racing editor Bill Esdaile previews the best of Saturday’s UK action, with Wally Pyrah discussing Saturday’s meeting in Hong Kong. Hosted by [...]
Bitcoin turns bullish as curious crypto market leaders emerge June 30, 2023 While Jason Deane was crashing last week, the crypto markets certainly aren’t today with green across the board.
British Gas owner boosts biggest gas facility storage – and calls for investment changes to ramp it up further June 30, 2023 Centrica has expanded Rough but has called for changes in the investment regime for it to bring the site back to full capacity again.
WH Smith has no plans to grow ‘healthy’ high street presence as it eyes airports instead June 30, 2023 WH Smith boss said the retailer has no plans to open any additional high street stores but is focusing on growing its transport hub and international presence. “We’ve got a very healthy High Street business in the UK”, Carl Cowling told the BBC, “but we’ve got no ambitions to grow that”. “When you look at [...]
Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt June 30, 2023 Revolution Beauty defended the unusual actions it took at its AGM this week, after it reinstated three members of its executive team who had been voted out by shareholders. The beauty company said its actions had been “firmly validated” by the stock market response, with its shares rising yesterday. Without taking the action it did, [...]
Airlines getting off scot-free with no fines issued for decades, says Which June 30, 2023 Airlines are getting off scot-free from penalties with no fines having been issued due to regulatory action in two decades, according to the consumer group Which. Which said Britain’s aviation watchdog – the Civil Aviation Authority (CAA) – should be doing more to “name and shame” airlines, withdraw licences and pursue action “in the courts” [...]