Shipping services provider Clarksons forecasts profit above £69m January 7, 2022 Shipping services provider Clarksons has said underlying profit before tax for 2021 is now expected to hit at least £69m. The London-based firm, which provides integrated services and investment banking capabilities to shipping markets, said December trading was stronger than anticipated. Clarksons said areas to surpass expectations included its broking division, where the sale and [...]
House prices hit record high of £276k as slower growth forecast for 2022 January 7, 2022 House prices increased by more than £24,500 last year, the largest annual cash rise since March 2003. The average UK property price reached a new record high of £276,091 in 2021, rising 9.8 per cent, according to Halifax’s House Price Index. Once more, London was the weakest performing region for annual inflation by long way [...]
Retailers’ hopes for Christmas boost dashed as Omicron fears discouraged shoppers January 7, 2022 Hopes for a Christmas that would see high streets near pre-pandemic levels of trade were dashed last month as Covid fears discouraged shoppers. While England enjoyed a festive period free of restrictions on social gatherings once more, high streets marked a footfall decline of 23.1 per cent last month, compared to 2019. This was 3.5 [...]
Shares in Dr. Martens fall as key shareholder steps away January 6, 2022 Shares in Dr. Martens were down 11 per cent on Thursday afternoon after its largest shareholder sold a stake in the footwear giant. Private equity group Permira Funds sold 65m shares, a year after it brought the bootmaker to market. Permira, via its Luxembourg-based IngreLux fund, sold its shares at a price of 395p for [...]
Mischon de Reya hit with record fine after breaching money laundering rules January 6, 2022 Top City law firm Mishcon de Reya has been slapped with a record £232,500 fine, plus costs, after major breaches of money laundering rules. The prestigious firm has agreed to pay a £232,500 fine, in addition to £50,000 towards investigation costs, after a probe from the Solicitors Regulation Authority (SRA). The regulator concluded that certain [...]
Gatwick Airport diverts flights after control tower hit by IT problems January 6, 2022 Gatwick Airport has diverted a number of flights after IT issues in its air traffic control tower earlier today. A spokesperson for the Surrey-based airport said IT issues this morning had resulted in three diverted flights. “We continue to experience delays with both arrivals and departures, and are working to fully resolve this as soon [...]
Booster jabs to be made entry requirement for large venues January 6, 2022 Booster jabs may be made a condition of entry for large venues and for quarantine free international travel, it has been reported. Ministers have discussed plans to make a third Covid vaccine dose a requirement for Covid certification, according to The Times newspaper. It comes as almost 200,000 more Covid cases were reported in the [...]
Fintech Monument appoints Ian Rand as new CEO after bank given green light by regulators January 6, 2022 Monument has appointed Ian Rand to the role of chief executive officer, following the bank’s acquisition of a licence. The former boss of Barclays Business Banking will take leadership of the digital bank this month, as co-founder and current CEO Mintoo Bhandari, takes a step back. Rand has been CEO designate from 1 January 2022 and [...]
B&M revenue up on pre-Covid levels as retailer plots more UK stores January 6, 2022 Discount variety goods retailer B&M has posted boosted revenue compared to pre-Covid levels and hiked its earning expectations. The firm said revenue was up 14 per cent compared to pre-pandemic third quarter comparatives, for the 13 weeks from 26 September 2021 to 25 December 2021. In a trading update for the third quarter posted on [...]
Sales growth at furniture firm Made hit by Covid-related factory closures in Vietnam January 6, 2022 Furniture retailer Made has said its sales growth was hit after its Vietnamese factories were forced to close during Covid restrictions earlier this year. The online retailer said disruptions resulted in 20 per cent of its most popular furniture ranges being unavailable during its peak autumn trading period. Its key factories have now all opened [...]