Naked Wines’ CFO departs role immediately after wine seller’s gloomy sales forecast July 25, 2022 Naked Wines has said its chief financial officer has left his position immediately by mutual agreement, following a bleak sales forecast from the online wine seller. The London-listed company said Shawn Tabak, who held the position of director as well as the top finance job, departed his roles last week on 22 July. Former CFO [...]
UK saves the day for Vodafone as German market falters once again July 25, 2022 Vodafone posted a further revenue dip in its largest market Germany this quarter thanks to regulation woes.
Week ahead: Banks to report amid high inflation and interest rate fears July 25, 2022 Customer behaviour and cost control are set to be top of the in-tray for the major banks as they update investors over the next week. Barclays, Lloyds and NatWest are all set to update the markets in a bumper week for the sector. Although priorities will vary slightly, there will be significant focus on whether [...]
Office attendance continues to climb – and it helps if you’ve got a Pret nearby July 25, 2022 Office attendance is up by a third compared to January, new data from workplace provider IWG shows. The group also said its data contained evidence that having a branch of Pret a Manger nearby might boost attendance at work. The group said that there had been major hikes in visits to its office and co-working [...]
Travel chaos: Two in five airport workers have considered quitting July 25, 2022 More than two in five airport workers are considering leaving the industry, new research suggests. A survey of 1,700 workers by jobs site CV-Library found reasons for wanting to quit included wanting better pay and less stress. Only 5% of respondents blamed the current situation at UK airports, where there have been long delays in [...]
London-based Shares bags $40m to capitalise on retail trading boom July 25, 2022 London investment app Shares revealed it had bagged a $40m funding round today as it aims to tap into a boom in retail trading brought on by the pandemic.
Last orders: Inflation and interest rates force thousands of restaurants to close July 25, 2022 The number of restaurant insolvencies has increased sharply in the past year amid staff shortages and rising inflation, according to a new study. Accountancy firm UHY Hacker said the total jumped from 856 in 2020/21 to 1,406 in the past year. Peter Kubik, of UHY Hacker Young, said restaurants are facing spiralling inflation, decreased consumer [...]
SNP under fire for £5 deal with steel tycoon Sanjeev Gupta July 25, 2022 Scottish ministers are facing transparency calls after it was revealed a metal tycoon under investigation for fraud paid just £5 towards the acquisition of a Highlands smelting plant – with taxpayers financing the rest of the £330 million deal. Entrepreneur Sanjeev Gupta, chief executive of Liberty Steel, acquired the aluminium plant and two adjacent hydro [...]
Sunak calls China ‘number one threat’ as Truss doubts his hawk credentials July 24, 2022 Rishi Sunak has today claimed China is the “largest threat to Britain and the world’s security” in a bid to polish his foreign policy credentials. The Tory leadership candidate said “enough is enough” of Beijing’s efforts to undermine democracy and steal overseas intellectual property, adding “I will stop China taking over our universities, and get [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.