Unilever makes mayo from food inflation as Ben & Jerry’s owner sales soar April 27, 2023 Unilever, owner of Ben & Jerry’s and Hellman’s Mayonaise, has raised its expectations for the rest of the year after strong sales off the back of rising prices. The conglomerate which deals in everything from beauty products to homeware and nutrition to ice cream, reported underlying sales growth was up 10.5 per cent to almost [...]
Barclays shares rise as booming US credit cards and higher interest rates helps bank beat expectations April 27, 2023 Barclays shares rose after it beat expectations in its first quarter results, as pretax profit rose 16 per cent on a strong performance from its domestic bank and booming US credit card spending. Across the group, Barclays’ pretax profit was £2.6bn, up 16 per cent from last year and comfortably beating company compiled consensus of [...]
Sainsbury’s profits takes inflation and cost of living hit as supermarket faces stark choice April 27, 2023 In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. The supermarket giant said it was impacted by non-cash asset impairments, driven by a higher discount rate, and [...]
Facebook owner Meta touts AI might as digital ads boost outlook April 27, 2023 Meta Platforms CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12 per cent in after hours trading, adding over $50bn (£40.06bn) to its market value and continuing a rally [...]
Half of Londoners think Sadiq Khan doing ‘badly’, new poll finds April 27, 2023 Half of Londoners say they think Sadiq Khan is doing “badly” at City Hall, polling has found. Exactly 50 per cent rated him as doing “badly” while almost a third (32 per cent) – think the mayor is doing “very badly”, pollsters at YouGov said. Over a third of Londoners – 35 per cent – [...]
Short seller issues fresh warning to Labour MP after suggesting Kremlin links April 27, 2023 Labour MP Liam Byrne has come under fresh pressure from City short-seller Fraser Perring today after failing to cough up evidence for his allegations the investor was acting on behalf of the Russian state.
Diane Abbott and Dominic Raab share the fate of being doomed to the fringes April 27, 2023 Diane Abbott and Dominic Raab didn't lose their battles because their politics was too radical; they lost because they proved gross incompetence, writes Will Cooling
Netflix’s £2bn gamble on South Korea and a new Squid Game is an unlikely nuclear deterrent April 27, 2023 Netflix's £2bn investment in South Korea isn't only about entertainment; it also shows South Korea's soft power works in uniting the West against a possible attack from North Korea, writes Leon Emirali
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
Minimum service law will lead to wildcat strikes, RMT boss Mick Lynch warns April 26, 2023 RMT General Secretary Mick Lynch told MPs today that proposed legislation for enforcing minimum service levels for some services and sectors when strike action is taking place would result in workers walking out without trade unions’ authorisation. “If we can’t use traditional industrial action, there will be novel forms of action, and there will be [...]
