Q&A: Fintech boss Janine Hirt on how London can stay ahead of EU rivals January 26, 2023 Fintech is an increasingly vital part of the UK’s financial ecosystem – so it’s high time to chat with Janine Hirt, the CEO of industry body Innovate Finance, on the challenges that come with keeping the UK out in front of Europe While the UK has historically been a global leader in FinTech – receiving [...]
Toyota boss to stand down after 14 years amid concern over sluggish shift to EVs January 26, 2023 Japanese car-maker Toyota (TMC) has announced a major shake-up of its leadership structure, with its current president stepping to to be the new chair. Akio Toyoda has been promoted to the top of the company’s board this morning in wake of Takeshi Uchiyamada’s resignation. Uchiyamada, the grandchild of the company’s founder, stepped down as the [...]
Sucralose inventor Tate & Lyle expects to beat inflationary pressures despite fall in demand for artificial sweetners January 26, 2023 Tate & Lyle has posted a robust third quarter update, propped up by its food and beverage solutions division.
Record profits place TSB on course for £50m dividend but impairment charges rise on recession fears January 26, 2023 TSB Bank proposed a £50m payout to its parent company in the first quarter of 2023 as its yearly pretax profit increased to a record level. Pretax profit in the 2022 financial year rose to £183.5m from £157.5m in 2021, reflecting lending growth, higher interest rates and higher deposit margins. This figure includes the costs [...]
Jet2: Winter sun seekers boost package holiday firm’s profit expectations to £385m January 26, 2023 Package holiday firm Jet2 has raised its profit expectations for the year ending March 2023 amid soaring winter bookings. The company, which has estimated its profits at £385m for the 12-month period, reported that sale of seats this summer is 6.6 per cent higher than last year at 15.2m, while forward books are dominated by [...]
Marks and Spencer’s chairman Archie Norman: Plans to ease post-Brexit trade ‘overbearing and baffling’ January 26, 2023 Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”. Norman, who is also an ex-Conservative MP, has urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern [...]
Mark Kleinman: Britishvolt or British Steel? A tough political call January 26, 2023 In his weekly column, Mark Kleinman writes on Britishvolt, British Steel, UK Finance and a potential new boost for London's IPO market
Diageo shares fall despite strength in premium drinks sales as US market disappoints January 26, 2023 Diageo reported an increase in profit and beat analyst expectations for sales growth but investors were disappointed by the company’s performance in the US market, sending shares down over six per cent in morning trade. In the six months to 31 December, the world’s largest spirits manufacturer’s pretax profit increased to £3.1bn from £2.7bn On [...]
Matt Hancock: Man arrested after footage shows alleged assault as I’m A Celeb MP gets on the London Underground January 26, 2023 A man has been arrested on suspicion of assaulting former health secretary Matt Hancock on the London Underground. The MP who appeared on I’m A Celebrity… Get Me Out Of Here! is understood to have been unhurt in Tuesday’s incident which began at Westminster station before continuing on a Tube train. A spokesman for Hancock, who represents West [...]
Hackers from Iran and Russia have ‘ruthlessly’ hit British journalists and politicians, GCHQ’s cyber centre warns January 26, 2023 Officials warn Iranian and Russian hackers have been “ruthlessly” trying to steal sensitive information from British journalists and politicians. The National Cyber Security Centre (NCSC), part of GCHQ, issued a fresh alert on increased hacking attempts directed at individuals and groups, though not at members of the public. “The Russia-based SEABORGIUM (Callisto Group/TA446/COLDRIVER/TAG-53) and Iran-based [...]
