Revolution Bars cuts losses as young people revive bar chain after Covid-19 revenue drop November 16, 2021 Revolution Bars Group’s (Revolution) revenues are being revived by the return of its young customer base, as it looks to recover from a brutal drop in sales. Sales plummeted by nearly two-thirds this year, falling from £110.1m in the previous year to £39.4m. The premium bar chain suffered restrictions or closures every day during its [...]
UK film industry booms as streaming giants’ demand for content grows November 16, 2021 The top 50 UK film and TV companies have seen their turnover rise by 15.4 per cent in the last year to £8.1bn, as streaming giants’ insatiable demand for content drives growth in UK studios.
“It’s a big Lego!” Inside Airbus’s manufacturing of the A350 November 16, 2021 Plane maker Airbus is predicting that airlines will need 39,000 new planes built by 2040, as more travel for holidays and work and the need for replacing old and less-fuel efficient models increases. The manufacturer has forecast that small aircraft such as the A320 will be the main drivers behind the demand, while around 4,000 [...]
Reception for Cineworld results sends short sellers a wake-up call November 16, 2021 Short sellers experienced a wake-up call yesterday after their pandemic target Cineworld saw its share price shoot up 7 per cent on better-than-expected results. Cineworld has consistently ranked as the most-shorted company in the UK for much of the last eighteen months, after it was forced to close its 9,518 cinema screens during Covid lockdowns. [...]
Vodafone delivers ‘sustainable’ growth thanks to German market November 16, 2021 Vodafone reports "solid" results, with total revenue growth of 5 per cent to €22.5bn in the six months to end-September. This was driven by service revenue growth in Europe and Africa and a recovery in handset sales following COVID-19 disruption in the prior year.
Premier Foods leave sour taste with declining revenues November 16, 2021 Premier Foods has suffered a decline in revenue and operating profit in its half-year results. The owner of beloved household brands such as Mr Kipling, Ambrosia, Angel Delight, Sharwoods, and Oxo has left investors with a sour taste in their mouths as earnings per share have halved since the previous year. In its half-year report, [...]
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
Jobs market turbulence after furlough fails to rear its head as Brits in work swells 0.6 per cent to over 29m November 16, 2021 An expected wave of job losses after government support measures propping up the jobs market were pulled has seemingly been averted. The number of payrolled employees climbed 160,000 over the last month, or 0.6 per cent, to 29.3m. This is the first period which the Office for National Statistics (ONS) has examined the labour market [...]
Business leaders sound alarm bells as Scotland slides towards new Covid restrictions November 16, 2021 To slow rising numbers of Covid infections across Scotland, first minister is expected to reveal if further coronavirus restrictions, including an extension of Scotland’s vaccine passport scheme. Business leaders, however, have claimed almost two-thirds of firms are opposed to the measures being considered, fearing they could “place thousands of firms and jobs at risk”. A [...]
Tory MP Caroline Nokes and New Statesman journalist accuse Boris Johnson’s father Stanley of touching them November 16, 2021 Stanley Johnson, the Prime Minister’s father, is accused of inappropriately touching a senior Tory MP and a journalist. Caroline Nokes said the elder Johnson forcefully smacked her on the backside and said she has “a lovely seat” in 2003 ahead of him running to be a Tory MP. Johnson declined to comment about her allegation [...]