Waitrose and M&S meal deal supplier Greencore reports revenue boost by a fifth Sandwich A sandwich and sushi maker supplying UK supermarket giants from M&S to Waitrose has reported a surge in revenue after upping its prices – and revealed it axed around 250 jobs. Greencore told investors it sunk to a loss this year after battling higher costs. The Dublin-based convenience food manufacturing firm said its revenue jumped [...]
Apple posts rare revenue drop but $90bn share buyback goes ahead Bite of the apple Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading. The latest numbers come after the company in February [...]
HSBC latest bank to make hay from interest rate hikes, with profits up over £3bn DIVIDEND IS BACK, TOO HSBC’s pre-tax profits soared by more than four billion dollars (£3.2bn) in the first three months of 2023, according to a trading update from the banking group. Revenue soared by 64 per cent to $20.2bn (£16.2bn) compared to the same period 12 months ago, the company crediting the rise to higher net interest income due [...]
CBI crisis: City of London Corporation latest to quit over allegations of sexual misconduct April 26, 2023 The City of London Corporation has become the latest organisation to suspend its membership of the Confederation of British Industry (CBI) following allegations of sexual misconduct. The governing body, based in the Square Mile in London, strongly condemned the alleged culture of abuse at the business group. The CBI announced yesterday it had dismissed “a [...]
FTSE 100 live: London’s blue chip index ends the week on a positive, but subdued note April 21, 2023 The FTSE 100 ended a quiet week with another subdued session on Friday, but it managed to eke out a small gain and kept above 7,900 points. Shares in the top index in London gained 11.52 points, rising by 0.2 per cent to 7,914.13. It came despite heavy losses for the country’s biggest mining companies. [...]
Extinction Rebellion ‘expects up to 50,000 protesters’ on day of London Marathon April 21, 2023 Extinction Rebellion has promised to avoid disrupting the London Marathon as it prepares for “40,000 to 50,000” activists to protest in the capital while the race is on. The group is staging a four-day protest outside Parliament Square from Friday but has been in talks with the marathon race director to ensure minimal disruption. Earlier [...]
Tesco Clubcard discount promo DID copy Lidl logo, High Court rules against UK’s largest supermarket April 19, 2023 German discount supermarket Lidl has won its trademark lawsuit against Tesco at London’s High Court over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its “Tesco Clubcard Prices” discount scheme. Judge Joanna Smith said in a written ruling [...]
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
E-scooter rental firm blames vandals for having to pull out of UK city April 18, 2023 An e-scooter rental firm has blamed vandals for its decision to pull out of Sunderland after just four months. Zwings began operating in the city in January after the last provider pulled out, saying rising energy costs were a key factor. But now the rental company said it will cut the number of its e-scooters [...]
Peter Murrell released without charge amid ongoing police probe of SNP finances April 6, 2023 Nicola Sturgeon’s husband Peter Murrell has been been released without charge as police continue an investigation into the SNP’s finances. Mr Murrell, who married the former first minister in 2010, stepped down as the SNP’s chief executive last month following a controversy about misleading information being given to journalists over the party’s membership numbers. The [...]