Deliveroo lifts guidance as orders soar in second quarter July 8, 2021 Deliveroo this morning raised its guidance for the first year after a quarter in which the company said that orders increased nearly 90 per cent. In a trading update, the takeaway app said that it was now on track to see gross transaction value (GTV) grow between 50 and 60 per cent this year, up [...]
Fuller’s looks to end of restrictions to drown sorrows after £60m loss July 8, 2021 Pub chain Fuller, Smith & Turner swung to a £60m loss across a 12 months in which its estate was shut for nearly three-quarters of the year due to the pandemic. The group reported a £59.2m loss for the last financial year, down from a profit of £166.2m the year before. It said that its [...]
Lorry drivers allowed to work longer hours as fears of empty shelves grow July 7, 2021 Truck drivers will be able to drive for longer hours from Monday in a bid to relieve the current shortage of haulier operators, the government today announced. Transport minister Grant Shapps tweeted: “We’re aware of a shortage of HGV drivers, so I’m announcing a temp extension of drivers’ hours rules from Monday 12 July, giving flexibility to drivers & [...]
Households ‘face energy bill hike to pay for new nuclear power plant’ July 7, 2021 Households will reportedly soon see their energy bills hiked in order to pay for the construction of new nuclear power plants in the UK. Ministers are in the process of drawing up legislation that will allow the construction of the new £20bn Sizewell C plant in Suffolk through the use of a Regulated Asset Base [...]
Double jabbed Brits ‘to avoid quarantine’ from amber list destinations from 19 July July 7, 2021 Double jabbed Brits will be able to return from amber list countries without needing to quarantine from 19 July, in a major boost to summer holiday plans. The Sun reported that transport secretary Grant Shapps would announce the change of rules tomorrow. The change of rules – which will come into effect at the same [...]
Nuclear submarine steelmaker set for public ownership July 7, 2021 A key supplier to the UK’s nuclear submarine building programme is set to be taken into public ownership amid concerns over its financial situation. Sky News reported that the Ministry of Defence (MoD) is finalising a move to nationalise Sheffield Forgemasters, one of the country’s oldest steelmakers. Talks over such a step have been going [...]
On the Beach raises £26m to bolster ‘firepower’ ahead of end to quarantine July 7, 2021 Holiday firm On the Beach has today raised £26m through a share placing, giving it more “firepower” with which to tackle the continued challenges of the pandemic for travel. The company sold 7.8m new shares at a price of 330p, a discount of around 5.0 per cent on yesterday’s 347.5p closing price. A number of [...]
Shell shares bubble up as oil giant increases investor returns July 7, 2021 Shares in Shell pushed up this morning as the oil giant said it would increase shareholder returns to 20-30 per cent of its cash flow, surprising analysts with the speed of the move. The stock rose 3.0 per cent in early trading, topping the FTSE 100 tree, on the back of the second quarter trading [...]
Government lacks ‘convincing’ plan to get travellers back on trains July 7, 2021 The government does not have a “convincing and timely plan for encouraging passengers back to the railway” after the pandemic, a new report from the public spending watchdog has found. The Public Accounts Committee (PAC) said that the lack of direction on this issue from the Department for Transport (DfT) risked pushing people back into [...]
Greensill Covid loan accreditation in line with ‘streamlined’ approval process July 7, 2021 The decision to grant collapsed Greensill Capital the ability to hand out Covid loans was in line with the approved accreditation process, but a stricter set of criteria could have identified the firm’s issues, a new report has found. The National Audit Office (NAO) also said that the British Business Bank (BBB), which administers the [...]
