Soaring costs expected to drive people to putting homes on Airbnb February 16, 2022 Holiday rental platform Airbnb has said it anticipates bookings to hit pre-pandemic levels for the first time in the current quarter as Covid fears ease. The number of nights booked in cities in the last three months of 2021 neared 2019 levels, it said in results. The pressure of rising costs would influence individuals to [...]
Coca-Cola Europacific Partners’ profit up after Amatil acquisition February 16, 2022 Coca-Cola Europacific Partners (CCEP) has reported fizzing pretax profit, at €1.38bn, compared to €695m the previous year. Chiefs at the bottling company remarked on an “extraordinary” year in preliminary unaudited results for the full year ended 31 December 2021. The London-listed firm said it would revert to two interim dividends this year, posting a dividend [...]
Frenzy for homes in prime London as stock levels fall dramatically February 16, 2022 The number of rental homes available in the priciest parts of London are significantly down in comparison to last year, thanks to frenzied demand. According to research from LonRes, rental stock was 67 per cent down in January compared to the year before. Similarly, the number of homes for sale was down 16 per cent [...]
Boohoo images banned by advertising watchdog for ‘objectifying women’ February 16, 2022 Fashion retailer Boohoo has had an advert banned for being likely to cause serious or widespread offence or harm by objectifying women. A complaint was submitted to the The Advertising Standards Authority (ASA), claiming that the model’s poses objectified and sexualised women. The complaint said the ad was offensive, harmful and irresponsible. Boohoo said the [...]
Office return: Businesses treating teams as lunch delivery orders skyrocket February 16, 2022 The rush back to the office is in full swing with an uptick in companies ordering lunch for workers via delivery apps last month. Many firms nudged staff to come back into the office last month for the first time since the pandemic struck. Benevolent bosses even seem to be attempting to lure workers back [...]
Leaseholders on buildings below 11m call for government support to take off unsafe cladding February 15, 2022 Leaseholders of buildings with unsafe cladding but below 11m have called on the government to extend support to smaller blocks. On Monday, the government set out amendments to its building safety bill. Developers will be blocked from the market if they do not cough up cash for a remediations fund worth billions. However, the funding [...]
Education resource maker RM posts soaring revenue as schools hope to dodge future closures February 15, 2022 Education technology supplier RM has posted £210.9m revenue, despite schools continuing to be disrupted by Covid in the period. In preliminary results for the year ended 30 November 2021, the group posted a revenue jump of 12 per cent on 2020 levels. Statutory profit after tax was £4.2m, down 45 per cent on the year [...]
John Menzies dubs offer from Kuwait suitor as ‘fundamentally undervaluing’ firm February 15, 2022 Aviation services firm John Menzies has dubbed a rejected offer from NAS Holding as “opportunistic”. In an update on the London Stock Exchange on Tuesday, the firm said the offer made by NAS Holding, a subsidiary of Agility, was “opportunistic [and] conditional” with terms that “fundamentally undervalue Menzies and its future prospects.” A cash proposal [...]
Miner BHP hits near record iron ore production despite ‘Covid related labour constraints’ February 15, 2022 Mining giant BHP has achieved near record production in iron ore, despite being impacted by poor weather and labour restrictions on operations. In half-year results ended 31 December 2021, the metals and petroleum firm reported it remained “fatality free” at its operated assets for the third consecutive year. It has also reported rebounding profits from [...]
Government to crack down on developers trying to dodge cladding contributions with new powers for courts February 14, 2022 The government has announced amendments to its building safety bill which will allow cladding companies to be sued for defective products. The amendments also confirm the government’s intentions to block firms from the market if they do not financially contribute to remediations on buildings with unsafe cladding. The department for levelling up, housing and communities [...]
