Musk vs Zuck: Twitter and Facebook bosses agree to a… cage fight June 22, 2023 Twitter CEO Elon Musk and Facebook owner Meta’s boss Mark Zuckerberg appear to have agreed to a cage fight. The social media billionaires will scrap it out after Musk, who also owns Tesla, said he was “up for a cage fight” with his tech giant rival. Zuckerberg posted a story on Instagram this morning, showing [...]
Berkeley warns planning rules and ‘regulatory uncertainty’ weighing down housebuilding goals June 21, 2023 Housebuilder Berkeley has warned the delivery of new properties is under threat from the planning environment and regulatory uncertainty, as it reported near 10 per cent profits before tax this year. More than 4,000 homes were delivered by the firm with over 85 per cent being on regenerated Brownfield land. It also said it’s delivering [...]
Zopa: C-suite hiring spree continues with ex Sainsbury’s, Moonpig and KPMG execs June 16, 2023 Digital bank Zopa has drafted in top figures from Sainsbury’s, Moonpig and KPMG as part of a major leadership shakeup before an expected flotation. The lender announced today Peter Donlon and Kate Erb have been brought in as chief technology officer (CTO) and chief operating officer (COO) It said the moves were made as it [...]
Bank of England survey finds public has all time low confidence in its ability to tackle inflation June 16, 2023 Public confidence in the Bank of England’s ability to tackle inflation has plummeted according to a fresh survey by… the Bank of England. The central Bank issued its quarterly poll of public attitudes to tackling inflation as speculation grows that it will hoist interest rates to 5.75 basis points next week, amid out-of-control inflation. Asked [...]
FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn June 16, 2023 Britain’s biggest supermarket Tesco has reported a nine per cent increase in UK sales, with its new chief executive saying there are “encouraging early signs that inflation is starting to ease”. Tesco said it reported £13bn in sales across the UK and Republic of Ireland, up almost nine per cent on the previous quarter. In [...]
Bunzl looks at more acquisitions to drive growth as revenue ‘broadly flat’ in first half of year June 15, 2023 Outsourcing group Bunzl expects its continued acquisitions spree to drive growth over the next six months, but said its underlying revenue for the first six months will likely remain ‘broadly flat’. The group said it is expecting its revenue to increase year-on-year by 4-5 per cent at actual exchange rates, and to grow by one [...]
Cash transactions at eight-month high as Brits turn to Post Office amid mass bank branch closures June 12, 2023 Cash transactions at post offices reached an eight-month high in May. Some £3.33 billion-worth of transactions were made, marking the highest total since last September, when it was £3.35 billion. Business and personal cash deposits totalled £2.48 billion in May, marking a 10% month-on-month increase. Personal cash withdrawals totalled £817 million in May, up by [...]
Searches for pools up 438 per cent as millions of burgers and sausages to be sold for first BBQ weekend June 9, 2023 The sale of barbecue food, ice-cream and inflatable pools have skyrocketed, as Brits prepare for the first BBQ weekend of the summer. Supermarkets Tesco, Asda and Sainsbury’s have all reported huge spikes in the sale of meat, as millions will enjoy the hot weather and have the first barbecue of the summer. This comes after [...]
Train derailment on line to London Bridge causes travel chaos on Thameslink June 9, 2023 A derailment within a depot between Dartford and London Bridge has forced all lines to be closed this morning. Major disruption was caused by the incident, with Network rail reporting just before 9am that the train was now clear of the track at Plumstead. However it was being inspected for damage caused so disruption would [...]
