Uniswap up following strong seeding round, while Bitcoin and Ethereum continue trading sideways October 20, 2022 Bitcoin is trading for $19,129 this morning, down 0.54% since yesterday, and Ethereum is changing hands for $1,291, down by 0.51%.
Explainer-in-brief: Triple locked and loaded, the fight over pensions October 20, 2022 Among the plethora of recent U-turns, Liz Truss might have just backed herself into another corner she’ll have to reverse ferret on: the pensions triple lock. In the Commons yesterday, Liz Truss said it was a manifesto promise they were committed to keeping. We’ve heard that before. It was in stark contrast to Jeremy Hunt, [...]
Nokia tech sales dragged by expired licences as it warns on consumer spending October 20, 2022 Nokia’s tech sales have continued to be dragged down by “expired licences that are in litigation” and pending renewal, the company said today. The Finnish telecoms company, which also warned of weaker spending from consumers amid a global economic downturn, reported today that sales from its technologies business has fallen nearly 20 per cent in [...]
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 [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]
Naked Wines admits ‘mistakes’ as retailer sets out shake up October 20, 2022 Naked Wines has announced a shake up of the business in a bid to cut costs,including 30 redundancies. The wine retailer, which enjoyed booming sales in the pandemic, said it had “made mistakes” while pursuing “rapid growth.” Low consumer confidence and high levels of supply chain inflation had resulted in an underwhelming performance for the [...]
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 [...]
PensionBee managed assets nearly double as consumers lock away savings October 20, 2022 Fintech firm PensionBee doubled down on its goal of profitability by next year today as it reported a 24 per cent jump in assets in the nine months to September. The London-listed online pensions provider said that invested customers increased 68 per cent to 174,000 – up from 104,000 last year – as assets hit [...]
Dunelm sales slip as pent up demand eases against ‘demanding backdrop’ October 20, 2022 Dunelm posted dented sales after last year saw a flurry of pent up demand post-lockdown. In first quarter results, the homeware retailer said its sales were down eight per cent compared to the same period last year. Bosses said the performance came despite “a challenging environment”, posting sales of £357m. A dip in sales had [...]
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 [...]
