Alfa Romeo Formula 1 simulator AB Dynamics booming as revenues hit £65.4m November 24, 2021 AB Dynamics, manufacturer of driving robots and simulators used by the Alfa Romeo Formula 1 team, has registered a 6 per cent increase in revenue, going up to £65.4m in the year ending 31 August. In the second half of the year, the company hit records in terms of order intake and cash generation, with [...]
Johnson Matthey results lift as giant sells glass technology business November 24, 2021 Chemical giant Johnson Matthey (JM) called its performance in the first half of the year “resilient”, as sales went up 21 per cent to £1.9bn and revenue increased 23 per cent. Driven by the higher average price of precious metals, the company’s underlying operating profit also jumped to £293m, up 102 per cent and ahead [...]
Water supplier United Utilities results lift on higher consumption November 24, 2021 Water company United Utilities has seen its half year revenues lifted by a surge in consumption amid the return of business activity.
Revolution Beauty plots US expansion as sales soar November 24, 2021 Revolution Beauty's half year results have been lifted by surging demand for makeup amid the worldwide lifting of lockdown restrictions.
Small businesses won’t survive 2022 without Christmas bumper, research shows November 24, 2021 Almost one fifth of small and medium-sized enterprises (SMEs) will not survive 2022 without a Christmas bumper period, as around 36 per cent of businesses make 20 per cent of their annual revenue during the festive period. Research from business insurance provider Simply Business has highlighted how two thirds of business owners believe a good [...]
Oil prices recover to week-high totals despite US commitment to releasing 50m barrels November 23, 2021 Oil prices have rebounded towards $81 on both benchmarks yesterday despite US plans to release 50m barrels of oil from the Strategic Petroleum Reserve.
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
Bank of England governor Bailey rebuffs crypto ‘stablecoins’ as form of safe money November 23, 2021 The governor of the Bank of England has slapped down claims that volatile crypto “stablecoins” could develop into a form of safe money. Speaking today in response to a grilling by members of the House of Lords, Andrew Bailey swatted away insistence from the crypto community that stablecoins are a better alternative to central bank [...]
AO World shares dive 24 per cent amid driver shortage and supply chain problems November 23, 2021 Shares in AO World plunged this morning after the company swung to a loss of £11m, as a shortage of drivers and global supply chain issues stalled growth in the UK.
Martin Gilbert’s AssetCo enters bidding war for River & Mercantile November 23, 2021 Fund management veteran Martin Gilbert has been thrown into a bidding war for River and Mercantile (R&M) after the asset manager revealed it has been approached by more than one suitor. Both AssetCo, an Aim-listed acquisition vehicle chaired by Gilbert, and rival fund manager Premier Miton have made bids for R&M. Both firms already have [...]