Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.
Just Eat to not reappoint COO amid allegations of misconduct May 4, 2022 Just Eat’s board has withdrawn the opportunity to reappoint its chief operating officer, following allegations of personal misconduct at a company event. Jörg Gerbig, COO and member of the management board, has been the subject of a formal complaint over his behaviour, Just Eat said in a statement today. An investigation into the claims is [...]
Tories face losing 550 seats tomorrow: Johnson and Starmer race to make final pitches before local elections May 4, 2022 Local party leaders and the nation’s more familiar faces are racing to make their final pitches today and visit key electoral battlegrounds on the last day of political campaigning before voters go to the polls on Thursday. The political fortunes of the major party leaders are likely to be influenced by what voters decide in [...]
Let Brits pick value brands over own-branded products to beat cost of living crisis, Cabinet minister suggests May 4, 2022 A Cabinet minister suggested shoppers could choose value brands to help cope with rising food prices. Environment Secretary George Eustice told Sky News that rising fertiliser and feed costs had hit the farming industry, partly as a result of soaring energy prices. “The better news is that we have a very, very competitive retail market [...]
7 in 10 first-time buyers forced to delay property purchase as cost of living crisis drains home seekers’ wallets May 4, 2022 A staggering 70 per cent of potential first-time buyers looking to buy in the next year or two have decided to delay their purchases as rising living costs hit their ability to save, according to a survey. Nearly nine in 10 said their ability to save for a deposit has been affected by the rising [...]
Ryanair flies 14.2m passengers last month as Brits flock back on holiday May 4, 2022 Ryanair announced it has flown 14.2 million passengers in April, 91 per cent up on 2021 figures. According to data from international traffic management organisation EUROCONTROL, Ryanair was the largest operator in Europe, as it reported an average of 2,815 flights per day. Wizz Air, which was ranked seventh, announced yesterday its passenger numbers had [...]
Direct Line takes financial hit from watchdog’s new ‘price walking’ ban May 4, 2022 Insurance company Direct Line has said its Q1 performance was “broadly in line with expectations,” after the FCA’s new pricing practice reforms hit its bottom line. The Bromley based firm said its overall premiums were 2.4 per cent lower in Q1 2022 than in the first quarter of last year, as revenues dropped across its [...]
Sales slow at J D Wetherspoon as costs rocket and punters dip May 4, 2022 Sales at J D Wetherspoon dipped four per cent in the third quarter as the pub group struggles to keep pace with pre-pandemic levels.
Aston Martin unveils ex-Ferrari boss as new CEO May 4, 2022 Aston Martin has unveiled an ex-Ferrari boss as its new CEO, to steer the automotive and engineering firm through the energy transition and trim losses. Felisa, formerly the CEO of Ferrari, spent over 26 years with the rival automotive manufacturer. The incoming boss will succeed Tobias Moers, who steps down with immediate effect, but will [...]
Sprinkling local football clubs with money won’t make them sustainable endeavours May 4, 2022 The domestic football season has come to a dramatic close, with two sides from the North West jostling for the title and four London teams competing frantically for the coveted spots in Europe. Since its inception, clubs from these two areas have dominated the Premiership, especially over the past twenty years. Perhaps it is something [...]