Rentokil revenue grows despite disinfection demand slowing October 21, 2021 Pest control and hygiene firm Rentokil Initial revenue grew over the past three months thanks to recent acquisition. The Camberley-based company reported revenue jumped 0.5 per cent to £761.9m for the third quarter of 2021. Shares dropped almost two per cent on Thursday morning, although the business said it had seen a strong performance across [...]
COP26: Scotland’s green mission as it turns whiskey into fuel October 21, 2021 Just days before Glasgow welcomes leaders from around the world to the United Nations climate summit, COP26, the founder of a Scottish biotech company is calling for action, not targets. Watch the full report.
Unilever warns for ‘elevated’ cost inflation despite growth boost in US, China and India October 21, 2021 Consumer goods giant Unilever has reported a rise in sales for the past quarter as the firm warned it expects “strongly elevated” cost inflation to continue into next year. The Marmite and Ben & Jerry’s manufacturer reported a 2.5 per cent increase in underlying sales for the third quarter of 2021. It said it was [...]
Buy Now Pay Later regulation imminent: ‘FCA very keen to be on front foot’ October 20, 2021 Government proposals to regulate the interest free Buy Now, Pay Later market are expected by the end of October, according to industry insiders. Buy now, Pay Later products have boomed in popularity in the UK over the past five years, The Buy Now, Pay Later (BNPL) industry was recently estimated to have financed £3billion in [...]
Shein dubbed ‘most manipulative’ fast fashion website October 20, 2021 Fast fashion retailer Shein has been dubbed the “most manipulative” fashion website for its tactics to entice customers to make purchases. Countdown timers, exclusive subscriber discounts, trending stickers and “you might also like” all feature heavily on Shein’s websites. Rogue Media has dubbed the budget fashion brand the worst offender for so-called ‘dark patterns’. Andy [...]
BrewDog launches ‘gold plated apology’ after advertising watchdog scolding October 20, 2021 BrewDog has been slapped on the wrist by the advertising watchdog after falsely claiming competition winners would receive a “solid gold” can. BrewDog admitted the prize cans in question were 24 carat gold-plated replica cans rather than solid gold as social media posts, that were hastily deleted, had claimed. Coo-founder James Watt has said the [...]
High street faces £1bn business rates increase next year October 20, 2021 Business rates are anticipated to rise £1bn in England next year, unwelcome news for high street firms attempting to recover from the pandemic. September’s Consumer Prices Index (CPI) signals the amount business rates will leap next April, according to analysis from the Altus Group, the country’s largest rating advisory body. The CPI measure determines business [...]
Deadline for DraftKings and Entain takeover deal extended October 20, 2021 Gambling giant DraftKings has secured another month to agree a deal with rival Entain after the pair failed to nail down a £16.4bn takeover. Ladbrokes owner Entain was given the green light from the Takeover Panel on a request to extend a deadline on agreeing a restructuring model. The deadline has been extended to November [...]
Brits brace for £23 per week jump in cost of essentials as two-thirds fear inflation October 20, 2021 UK households expect to cost of essentials such as food, non-alcoholic drinks, electricity, gas and motor fuel to rise as much as £23 per week by the end of the year according to new research shared with City A.M. this morning. More than 4 in 5 (84 per cent) UK households expect the cost of essentials [...]
Burberry names Gianni Versace boss Jonathan Akeroyd as its new CEO October 20, 2021 Fashion group Burberry has named Gianni Versace boss Jonathan Akeroyd as its new chief executive. Akeroyd, 54, will take up the post on April 1 next year. The British national has headed up Milan-based fashion house Gianni Versace since 2016, before which he was chief executive of Alexander McQueen for 12 years. He replaces Marco [...]