888 shares rise as firm meets expectations despite costs from William Hill acquisition April 14, 2023 888 shares rose in morning trading as the gambling giant performed in line with market expectations despite costs from the acquisition of William Hill and compliance failures. The gambling giant reported a pretax loss of £115.7m, swung from a £59m profit last year, due to costs associated with its June acquisition of William Hill. On [...]
Dr.Martens says warehouse headache led to disappointing revenue rise as hunt for new CFO begins April 14, 2023 Dr.Martens posted a small rise in revenues for the fourth quarter as operational issues in its US warehouse continued to impact earnings. The boot maker said that for the period total revenue grew just six per cent as it spent time resolving bottleneck issues at its headquarters in LA , which impacted its American wholesale [...]
London Underground hit by delays with lines disrupted by signal problems, faulty trains and even a fire April 14, 2023 London Underground was crippled by delays this morning with almost all lines affected by some kind of disruption due to signal failures and even a fire. There are currently severe delays on the Metropolitan Line, Circle Line and Hammersmith and City Line due to a faulty train at Baker Street. Anyone trying to get into [...]
Brits warned of ‘Coronation inflation’ DOUBLING holiday let prices over the long weekend April 14, 2023 Thousands of tourists are expected to flock to London for May’s Coronation, prompting warnings of sky-high hotel and hospitality prices. Data published today by the rental management platform Guestready shows that the price of holiday lets for the coronation period has risen by 67 per cent year on year. Guestready’s analysis found that the average [...]
Childcare: Two in five mothers say high costs are still keeping them out of the workplace April 14, 2023 Two in five mothers feel prohibited from returning to work due to the high cost of childcare, even with Jeremy Hunt’s expanded childcare offering, a new survey of 2,000 mothers has revealed. “Nursery and childminder costs can swallow a huge chunk of new parents’ earnings, and with the current cost of living crisis squeezing every [...]
Teck rebuffs Glencore’s sweetened bid and tweaks own restructuring April 14, 2023 Copper miner Teck Resources has rejected a sweetened bid from Glencore and made changes to its own restructuring plan.
More tick-box regulations won’t save us from a financial crisis April 14, 2023 After the fall of both Silicon Valley Bank and Credit Suisse, the instinct will be to double down on new rules. Instead, banks need to learn to stabilise their risks, writes Mary O’Connor.
In defence of keeping the CBI alive and even expanding it April 14, 2023 After the sacking of Tony Danker, the CBI is in death throes, but we still need a place to build trust in business leaders, and we should save the principle of the Confederation of Business Industry, writes Ben Cope The Confederation of British Industry – the CBI – doesn’t have many friends right now. Rocked [...]
London Stock Exchange Group gets into crypto derivatives April 13, 2023 The London Stock Exchange Group (LSEG) is set to offer a regulated platform for trading crypto derivatives, the company announced today. LSEG said the platform would be run by LCH, its French clearing arm, and GFO-X, a marketplace for digital assets, which is regulated by the Financial Conduct Authority. Their joint venture will be called [...]
UK banks reduce fossil fuel financing 31 per cent last year – but will the trend continue? April 13, 2023 Most of the UK’s largest banks cut back on fossil fuel financing last year but activists argue the sector needs to make firmer commitments to ensure it meets its net zero commitments. According to an annual report from the Rainforest Action Network, the FTSE 100’s five banking giants lent $35.7bn to fossil fuel companies in [...]
