Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
Chaos continues: Number 10 says fracking motion WAS vote of confidence and rebels face ‘disciplinary action’ October 20, 2022 Liz Truss sent a late-night memo to Tory MPs telling them Wednesday evening’s motion on fracking was confidence vote after all – and rebels “ can expect proportionate disciplinary action.” Number 10 sent the note just after 1.30am after confusion and anger dominated the vote in Commons last night, amid accusations of physical assaults and [...]
Travis Perkins has strong sales growth in Q3 but prepares to ‘tightly manage’ cost pressures October 20, 2022 The UK’s largest distributor of building materials Travis Perkins had strong sales growth in the third quarter of the year, but is preparing to weather an inflationary winter. The firm had sales growth of 10.7 per cent while its merchandising business had 11.5 per cent, outperforming the individual market. The company’s arm which deals with [...]
Rail workers to walk out on 3 and 5 November to coincide with TFL strikes October 19, 2022 Workers at 14 train operators will walk out on 3 and 5 November after RMT Union members rejected a new pay offer. Strikes will hit the network next month after negotiations with the Rail Delivery Group failed on salaries, jobs and working conditions. The action will take place alongside industrial action from Network Rail, London [...]
Nestlé has strongest sales growth since 2008 after inflation leads to 7.5 per cent price rises October 19, 2022 Inflation forced Swiss food giant Nestlé into 7.5 per cent price rises, leading to the highest sales growth in 14 years. The chocolate maker announced organic growth of 8.5 per cent for the nine months of 2022, saying “significant cost inflation” was the driver of its price increase. Its sales were up 9.2 per cent [...]
Roads reopen around Bank after police resolve report of ‘suspicious package’ – station reopens October 19, 2022 The City of London Police have reopened roads around Bank station after resolving a situation surrounding a “suspicious package”. The City of London Police closed Queen Victoria St Queen St Princes St Lothbury Threadneedle St this morning, after reports of an an unattended item at Mansion House. Bank Station was also temporarily shut. Just before [...]
Foreign secretary: PM Liz Truss made mistakes but has also learnt lessons October 19, 2022 Foreign Secretary James Cleverly has come out fighting for Liz Truss, saying she has “learnt lessons” and had the “humility to make changes.” Speaking on Sky News this morning, he batted down talk of a new prime minister amid speculation backbenchers are plotting behind the scenes. “What I’m far from convinced by is that going [...]
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
Police shut roads near Cannon St after man climbs on Starbucks roof and throws rocks at building October 18, 2022 Roads between Cannon St and the City Magistrates’ Court has been closed off after a man climbed on top of a building and started throwing rocks. The individual was filmed smashing rocks on the roof of a Starbucks in the centre of the City, on Wallbrook, before throwing them at an adjacent building. At about [...]
