The best city cars to buy in 2022 November 30, 2022 Drive in London? Tim Pitt nominates the best city cars you can buy in 2022, including the Citroen Ami, Kia Picanto and Volkswagen Up.
Royal Mail boss pushes back against claims union members intimidated during strike days November 30, 2022 Royal Mail chief Simon Thompson pushes back against claims that union members are being intimidated as strike action continues today. Speaking on Sky News this morning, the delivery boss said: “On strike action days we’ve seen some extraordinary behaviours,” including allegations of sexism, racism and threats of violence. Thompson said it is not something Royal [...]
Klarna targets 2023 profits despite swelling losses November 30, 2022 Buy-now pay-later giant Klarna said it was targeting profitability in the second half of 2023 despite losses nearly doubling in the third quarter of the year. In its third quarter results today, the Swedish-headquartered fintech firm said losses had swelled to SEK 2.13bn (£170m) in the three months to the end of September, up from SEK [...]
Explainer-in-brief: Fresh overhauls to the Online Safety Bill November 30, 2022 People will instead be able to filter out the harmful content they don’t want to see.
Future tops profit expectations with acquisitions and US push November 30, 2022 Publisher of The Week Future tops profit expectations as it continues to diversify offering with fresh buys and push into the States. Full year revenue climbed 36 per cent to £825.4m, reflecting a combination of continued organic growth and acquisitions. Adjusted operating profit topped expectations, jumping 39 per cent to £271.7m, with 11 per cent [...]
Ofgem pushes UK’s energy networks to go green without hiking bills November 30, 2022 Ofgem has confirmed a five-year investment package for the UK's electricity distribution network companies.
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
Bar operator Loungers posts lower earnings after government Covid support ends November 30, 2022 Bar group Loungers has posted lower earnings for the half-year, after it benefited from government aid with VAT and business rates last year. The Cosy Club and Lounges operator posted 53 per cent revenue growth, compared to the equivalent pre-pandemic half-year period in 2020. However, adjusted EBITDA came in at a subdued level compared to [...]
Profits plunge for Pennon as inflation bites November 30, 2022 Profits dipped for Pennon this half year as inflationary pressures get the better of the water services group. Underlying profit before tax slumped 75 per cent compared to 2021 levels, reflecting the near-term pressures on earnings from inflation driven power pricing and financing costs. Profit before tax was £20.9m for Pennon, down from £79.9m in [...]
Major City report sheds light on ‘class ceiling’ blighting financial services November 30, 2022 A major City report into social mobility has called to “break the ‘class’ ceiling” and get more people from non-professional backgrounds in boardrooms. The industry must “act now” to make the workforce more socio-economically diverse, with a lofty goal of at least half senior leaders in financial and professional services being from that background by [...]
