Zoom cuts earnings forecasts for the year in the march back to the office August 23, 2022 Zoom has cut its earnings forecasts for this year, having recorded its lowest quarterly revenue growth yet. The pandemic communications darling had revenue rise eight per cent to a little over $1bn (£851m) in the second quarter, Zoom’s “fifth straight quarter with revenue of over one billion dollars”, chief financial officer Kelly Steckelberg said in a [...]
Germany chases Canadian LNG to stave off supply shortages this winter August 23, 2022 Germany is targeting Canadian liquefied natural gas to help ease its shift away from Russian gas imports this winter.
Elizabeth line: Direct services from Reading and Heathrow to central London will begin in November August 23, 2022 Businesses have welcomed the integration of Elizabeth line services from Heathrow, Reading and Shenfield from 6 November. “The upgraded services will be greatly welcomed by businesses across the Capital that rely on footfall more than ever before to help them navigate their recovery from Covid, cost of living pressures and rising inflation,” said Ruth Duston, [...]
Co-op appoints Shirine Khoury-Haq as first female chief in 159 years August 23, 2022 The Co-op has appointed its former chief financial officer and interim boss Shirine Khoury-Haq as group CEO. The group’s former boss Steve Murrells, stepped down in May following the company’s annual general meeting. Murrells took the reins of the supermarket as CEO in March 2017, following a five year stint heading the company’s food business. [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Wood Group posts flat revenue but confident performance will improve in second half August 23, 2022 Engineering firm Wood has posted flat revenue after a decline in its projects and operations arms. In half year results for the six months ended 30 June 2022, the London-listed firm posted revenue of $2,561m, down 0.4 per cent on the $2,570m in the comparable period in 2021. Adjusted EBITDA fell 5.1 per cent to [...]
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]
Saga bolsters board in push to pandemic recovery August 23, 2022 Over 50s specialist Saga has called in three new directors to bolster its leadership team today as it looks push ahead with its recovery from a pandemic slowdown.
Truss accused of doubling sewage dumping and cutting £235m during time at DEFRA August 23, 2022 Tory leadership frontrunner Liz Truss has been accused of having cut £235m from the environment agency during her time at the helm, which doubled sewage dumping/ Labour accused the foreign secretary of presiding over the cuts during her time at the helm of the environment agency (EA) at the Department for Environment, Food and Rural [...]