‘Shocking’: Driver caught on CCTV running down group by Leadenhall Market jailed for seven years April 14, 2023 A BMW driver caught on “shocking” CCTV footage driving at a group of brawlers in the heart of the City of London has been jailed for seven years. Two men were hurt when they were hit by Bristan William’s car on Leadenhall Street on the evening of July 26 last year. William had been seen [...]
AO World shares soar 11 per cent as cost cutting measure help raise profit guidance April 14, 2023 Shares in AO World soared 11.33 per cent this morning as the electrical retailer revealed that it was raising its profit guidance for the fourth time since July thanks to a scheme of cost cutting measures. The Bolton-based business told investors that estimated UK revenues for the full year are expected to be £1.13bn and [...]
Profits Superdry up and share price plunges as retailer plans to cut costs by £35m and fundraise out of a hole April 14, 2023 Fashion chain Superdry has warned over its profits and revealed plans to cut costs by more than £35 million after struggling against dampened consumer spending. The retailer said it was considering a fundraise in a bid to shore up cash to help it “emerge from the current turbulence”. Its share price plunged by around 18% [...]
Explainer: Tesco needs more than cheap milk to keep loyalty in the supermarket price war with Aldi and Lidl April 14, 2023 Tesco has had a rocky week. In the midst of a cost of living crisis, remaining loyal to businesses is tough, as the nation has been forced to favour being frugal over buying name brand goods. This revelation rang all too true for Tesco on Thursday, as Britain’s biggest supermarket reported its operating profit was [...]
Rail unions considering ‘updated’ offer from train firms but ‘no decision’ taken yet as more disruption looms April 14, 2023 Leaders of the biggest rail workers union are considering an “updated” offer from train companies aimed at resolving the long-running dispute over jobs, pay and conditions. The move by the Rail Delivery Group (RDG) follows weeks of talks in a bid to break the deadlock. The Rail Maritime and Transport union (RMT) has held a [...]
Twitter: Elon Musk launches new long-form platform allowing 10,000 characters April 14, 2023 Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters [...]
FTSE 100 live: London markets make small gains with retailers in focus as sterling stays strong April 14, 2023 Markets opened marginally higher on Friday with a mixed performance from retailers while the pound continued to strengthen as investors increasingly expect the Fed to start cutting rates across the pond. The FTSE 100 opened 0.20 per cent higher at 7,859.58, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Slow pace on nuclear putting UK energy goals at risk, argues SMR player April 14, 2023 The UK should speed up its plans to revive nuclear power to ensure it can meet its energy security goals, argued SMR specialist Newcleo.
Wall Street rally lifts tech stocks in latest signal US inflation is cooling, now eyes turn to Fed rate decision April 14, 2023 A rally on Wall Street on Thursday lifted stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 rose 1.3 per cent after a report showed inflation at the wholesale level slowed last month by more than expected. The Dow Jones Industrial Average gained [...]
888 shares rise as firm meets expectations despite costs from William Hill acquisition April 14, 2023 888 shares rose in morning trading as the gambling giant performed in line with market expectations despite costs from the acquisition of William Hill and compliance failures. The gambling giant reported a pretax loss of £115.7m, swung from a £59m profit last year, due to costs associated with its June acquisition of William Hill. On [...]