Fluctuating copper prices result in 30 per cent revenue drop for Antofagasta August 11, 2022 Antofagasta’s revenue dropped 30 per cent to $2.5bn (£2.05bn) in the first half of 2022 as market volatility led to lower copper prices and sales while a drought persisted in Chile. The Chilean mining company reported profit before tax at $680m (£557m), a $1.1bn (£0.9bn) decline from a year before with EBITDA 47.5 per cent [...]
Top summer wines to drink in the blazing sun August 10, 2022 August is here, the month of festival burgers, picnic sausages and garden party grilling. Though you may be used to a cold beer in the sun, if you want to elevate that hotdog with a nice glass, here are the summer wines – and top tips about drinking in the hot weather – to keep [...]
Coinbase sheds £0.9bn in second quarter as revenues plunge amid crypto crash August 10, 2022 Crypto giant Coinbase lost $1.1bn ($0.9bn) in the second quarter of the year as revenue dropped declined during the crypto crash. $446mn (£365m) of this loss was due to an impairment charge on the exchange’s crypto and venture investments as the “crypto winter” led to plummeting cryptocurrency prices and caused widespread losses across the industry. [...]
Feels Like June restaurant review: A summer rush of escapism in Canary Wharf August 10, 2022 There’s nothing like being a tourist in your own city. Sometimes I go to Canary Wharf to pretend I’m in Downtown New York, with its vertiginous skyscrapers, wide thoroughfares that expand alongside water basins, and steakhouses and cocktail bars offering solace to tired bankers. New Canary Wharf restaurant Feels Like June sounds like the perfect [...]
Identity theft-driven data breaches costing Brits close to £4bn a year August 10, 2022 Data breaches driven by identity theft have been costing the UK near £4bn every year for almost a decade as fraud in the country rises. Over 28m data breaches have occurred every year since 2013 at a cost of £3.7bn per year, with more than 140m files compromised, data by ID verification checks provider Credas [...]
Crypto market sentiment hits highest levels since April ahead of latest inflation figures August 10, 2022 The price of Bitcoin now seems to have firmly established itself in a narrow consolidation range in the $22,500 to $24,500 area.
Royal Mail expects full-year loss if strikes go ahead August 10, 2022 Royal Mail said it would be “materially loss-making” for the financial year 2022-2023 if its employees go ahead with planned strike action. More than 115,000 Royal Mail postal workers are set to strike for four days in a dispute over pay, with the Communication Workers Union (CWU), which represents the workers, announcing that 24-hour walkouts [...]
China’s zero-Covid policy hits Prudential’s business August 10, 2022 London insurance company Prudential today said it had suffered steep losses from its Hong Kong business due to China’s zero-Covid policy. The Asian focused insurer said profits from underwriting new policies fell 31 per cent in Hong Kong and four per cent in Mainland China. Covid restrictions in Prudential’s other cornerstone markets – Indonesia, Malaysia, [...]
Three in four Brits want hybrid work to cope with cost of living crisis August 10, 2022 Three in four British workers want hybrid work to cope with the cost of living crisis gripping the country. Employees want their employers to offer flexible hybrid working as inflation surges to record levels of 9.4 per cent in the country, a survey by hiring software company Greenhouse found today. As the cost of essentials [...]
Demand for hybrid work sends IWG plc revenues soaring August 9, 2022 Strong demand for hybrid working sent revenues of IWG (International Workplace Group) plc surging in the first half of 2022. The global workspace provider reported revenues of £1.29bn, a 23 per cent rise from 2021’s first half as demand for flexible, hybrid working rose and inflation around the world climbed. IWG’s revenue grew more than [...]