AO World looks to raise £40m amid cash crunch fears July 6, 2022 British electrical retailer AO World revealed it is looking to raise £40m today to shore up its balance sheet just days after its share price plunged amid fears over its cash reserves. It was revealed earlier this week that a third-party credit insurer serving some of the firm’s suppliers had slashed its cover in light [...]
Crypto regulation overlooks sustainability issues July 6, 2022 Discussions around crypto regulation gloss over the negative environmental impacts of crypto, with sustainability concerns overlooked, new research shows. Data from regulatory technology provider CUBE showed that just 0.1 per cent of crypto regulatory issuances in 2022 were focused on sustainability. The data does not take into consideration the EU’s MiCA regulation agreed last week. [...]
M&G snaps up major stake in non-bank lender Finance Ireland July 6, 2022 London-listed M&G revealed it has snapped up a major stake in Ireland’s largest non-bank lender Finance Ireland today, as the international savings and investments firm looks to diversify and expand. FTSE-100 M&G has taken a 41 per cent stake in the firm, bosses said, with the investment made on behalf of the £143bn Prudential With [...]
Majority of Tory voters think Boris Johnson should resign, YouGov poll finds July 6, 2022 The majority of Conservative voters think prime minister Boris Johnson should resign, amid continued party turmoil and shock resignations last night. The number of Tory voters now disapproving of the current party leader has leaped 20 per cent since 9 June, according to the latest poll by YouGov. Rishi Sunak quit as chancellor on Tuesday, [...]
Just Eat and Amazon team up on takeaways in U.S. July 6, 2022 Takeaway giant Just Eat and Amazon have launched a new partnership today to give Amazon Prime members access to free deliveries on order in its U.S. unit Grubhub.
It’s a strike: Ten Entertainment smashes 2019 sales as families flock back to bowling alleys July 6, 2022 Bowling firm Ten Entertainment posted sales growth of 52.6 per cent in the first half of 2022 compared to 2019 levels thanks to "record-breaking" bank holidays.
Topps Tiles’ commercial business to climb into profitability next year July 6, 2022 The UK’s largest tile retailer, Topps Tiles, has said its historically loss-making commercial business will climb into profitability next year, as it continues to navigate falling consumer confidence, supply chain challenges and historic levels of inflation. “We remain confident that the business will break even in the second half of the year and then move [...]
Recruiter Robert Walters notches record quarter amid hypercompetitive labour market July 6, 2022 London-listed recruiter Robert Walters said today it enjoyed a record quarter in the three months to June as firms jostled for talent in a hypercompetitive jobs market.
Solicitor General Alex Chalk follows Rishi Sunak and Sajid Javid and resigns as Tory MP cannot ‘defend the indefensible’ July 6, 2022 Cheltenham MP Alex Chalk has confirmed his resignation as Solicitor General. In a letter to Boris Johnson, Mr Chalk said it was “with great sadness” he was quitting the post but added he could not “defend the indefensible”. He wrote: “To be in government is to accept the duty to argue for difficult or even [...]
Exclusive: Multi-utility firms are the future for small businesses, says Everflow boss Josh Gill July 6, 2022 One-stop shops are the best way forward for small businesses (SMEs) looking to have their utility needs met, argued Everflow boss Josh Gill.