Nestle sales outlook brightens after strong first half July 27, 2023 Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world’s biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance – which does not include the impact of currency movements and acquisitions – to a [...]
Tory peer’s CMC Markets blames ‘quiet’ conditions as trading falls sharply July 27, 2023 The trading shop run by Tory peer Lord Peter Cruddas said it had suffered a sharp slump in trading activity today as “quiet market conditions” failed to excite investors and revive booming interest seen through the pandemic.
TfL fined £10m for Croydon tram disaster failings July 27, 2023 Tram operators have been fined a total of £14m over the Croydon derailment which claimed the lives of seven passengers. Many more people were injured when a tram carrying 69 people derailed near the Sandilands stop on the morning of 9 November 2016. Transport for London (TfL) and Tram Operations Limited (TOL) have accepted failing [...]
Met Police fail to solve 82 per cent of burglaries July 27, 2023 The Met Police failed to solve 82 per cent of burglaries in London last year, data has revealed. Figures from the Home Office for the 2022-2023 financial year show an average of 129 burglaries a day – or a total of 47,050 – were closed without a suspect being identified. While just six per cent [...]
Britvic cheers strong results as it adds two further brands to its drinks cabinet July 27, 2023 Britvic this morning announced a positive set of third quarter results for the period ended 30 June, with UK revenue leaping 10 per cent on the previous year to reach £476m. The largest supplier of branded still soft drinks in Great Britain, which owns brands such as J20 and Robinson’s, also announced the acquisition of [...]
BNP Paribas beats estimates on debt financing and cost management July 27, 2023 BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter as its corporate debt financing business and strong cost management partly offset a slump in securities trading. The French lender’s second-quarter net income fell 4.9 per cent on a reported basis to €2.8bn (£2.4bn), beating the €2.5bn analyst consensus compiled by the [...]
OKX publishes proof of reserve results, and reveals $11.3 billion Bitcoin balance July 27, 2023 Crypto exchange OKX has published its monthly proof of reserves (PoR) to reveal a balance of $11.3 billion in Bitcoin.
Volkswagen ‘stepping up the pace’ of China transformation as profits dip July 27, 2023 Volkswagen saw revenue growth of 18 per cent to €156.3bn (£134.3bn) in its half-year results, as chip shortage supply chain issues eased and the group ramped up its EV production. However, this was not enough to offset a year-on-year dip in operating profits, which came in at €11.3bn (£9.69bn) down from €13.2bn (£11.32bn). The German [...]
Don’t ‘clobber’ Londoners with ULEZ, Rachel Reeves says July 27, 2023 Now is not the right time to “clobber” Londoners with the ULEZ charge, Labour shadow chancellor Rachel Reeves has said. The shadow chancellor has weighed in on the ultra low emission zone (ULEZ) expansion row engulfing City Hall and Labour politics in the wake of the Uxbridge by-election defeat. She told the Sun she was [...]
