Toyota doubles profits as EV push ramps up August 1, 2023 Toyota Motor Corp nearly doubled its profits in its first quarter results, on the back of strong sales and an improved supply of semi-conductors. The Japanese automaker saw operating profits for the period between April and June rise 94 per cent to 1.2trn yen (£6.12bn), up from 578.66bn yen (£3.15bn) year-on-year. Sales revenues jumped 24.2 [...]
BP suffers second-quarter downturn but profit still tops £2bn August 1, 2023 Weaker refining margins and falling oil and gas prices has weighed down BP's profits in the second quarter of 2023.
Greggs: Evening sales and travel hubs send baker’s sales soaring August 1, 2023 Greggs recorded total sales of £844m in its interim results, up from £694m compared to the same period last year.
Can the Tories reclaim Britain’s towns again? The Red Wall vote is riding on it August 1, 2023 If the Conservatives want to win the Red Wall, they need to fall back in love with towns.
HSBC launches $2bn share buyback after rising rates helps bank beat expectations August 1, 2023 HSBC launched a new $2bn (£1.56bn) share buyback programme after comfortably beating expectations in the second quarter. In the three months to June, pretax profit hit $8.8bn (£6.86bn) – over $4bn higher than last year and surpassing the $8bn predicted by analysts. The strong performance reflected the impact of rising interest rates around the world [...]
The 90s called: Flip phones forecast to be worth near $50bn by 2027 as analysts watch for an Apple model August 1, 2023 Foldable smartphones are sparking a renaissance of the iconic flip phone from the 90s, with the market forecast to be worth nearly £50bn in the next four years. According to Expert Market Research, the foldable smartphone market reached almost $16.5bn (£12.8bn) in 2022 and is expected to soar to $60bn (£46.6bn) by 2028. Global foldable [...]
Aston Martin to launch £210m share placing to reduce debt August 1, 2023 Luxury carmaker Aston Martin aid on Monday it will launch a £210m share placing to speed up its aim to reduce net leverage. Shareholders, who are represented on board, have committed to subscribe £184m, of which £115m worth of shares will be bought by Yew Tree Overseas, Public Investment Fund, Geely International and Mercedes-Benz AG. The [...]
The tide is finally turning on working from home – and so is the evidence August 1, 2023 It’s an open secret. We all work a little less hard when we work from home. Anecdotally, we’ve all heard someone quip, “it’s alright, I’m working from home tomorrow”, as they make a beeline for the bar to order the fourth round of drinks during a midweek evening pub session. But now there’s a new [...]
The Notebook: Ian Whittaker on S4’s bad luck, a surprising election forecast and the unbeatable pull of strong brands August 1, 2023 Where the City’s movers and shakers get some things off their chest. Today it’s Ian Whittaker, founder of Liberty Sky Advisors S4’s latest woes are down to bad luck, not bad judgement The Q2 results season is in full swing and, so far, it is fair to describe the season as better than expected. The [...]
Are central banks to blame for the inflation crisis? August 1, 2023 As we enter what looks like the final leg of central banks’ interest rate rising journeys, it’s as good a time as ever to trace why they have been jolted into action after over a decade of ultra loose policy and whether their response to the inflation crisis has been effective. Coming out of the [...]
