Lookers begins £15m buyback programme as it raises year profit October 18, 2022 Lookers has begun a £15m share buyback programme as it raises profit forecasts for the full-year. The car dealership chain announced today that, encouraged by strong trading in the third quarter, it now expects profit before tax for 2022 to be ahead of previous expectations to no less than £75m. “We have built on the [...]
Open Orphan announces experienced chartered accountant as new CFO October 18, 2022 Leading firm in tackling infectious diseases, Open Orphan, has announced a new chief financial officer and executive director. Stephen Pinkerton, 59, will tae over both roles at the contract research organisation, following the departure of Leo Toole as CFO. Toole joined its board following the acquisition of hVIVO, helped improve its finances and then supported [...]
Liz Truss: I will lead Tories to next election October 18, 2022 Prime minister Liz Truss insisted she will lead the Tories into the next election, during a tense interview on the BBC last night. The embattled PM apologised for mistakes saying her tenure “hasn’t been perfect,” but she had “fixed” errors. This comes amid reports of Conservative plotting to replace her, following yesterday’s swathe of U-turns [...]
888 blames increasing UK safety controls for falling revenue October 18, 2022 Gambling giant 888 has blamed increasing safety controls for online users in the UK and the closure of its Netherlands operations for its slipping revenue. The Netherlands made up around four and six per cent of the 888 and William Hill brands respectively. Revenue fell seven per cent year-on-year to £449m in the three months [...]
In the money: Moneysupermarket.com revenue swells amid travel return October 18, 2022 Price comparison platform Moneysupermarket.com has continued to see buoyant revenue after the return of summer holidays and business travel. In quarterly results on Tuesday, Moneysupermarket said recent performance had exceeded expectations and its full-year EBITDA would sit “towards the upper end of market expectations”. The London-listed company celebrated revenue of £101.9m, up one third, for [...]
Jet2 orders 35 Airbus planes for £3.4bn to meet travel demand October 18, 2022 Jet2 has ordered 35 A320 neo aircraft for $3.9bn (£3.4bn) from Airbus as it remains confident demand for package holidays will continue to surge over the next decade. The deal comes on the heels of Jet2 placing an order for 36 A321 neo last year – its first purchase from Airbus after years of loyalty [...]
City Moves: Who’s switching jobs in the Square Mile? October 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Knight Frank has poached a new head of central London property management from real estate advisory JLL. Andrew Child, who spent over 13 years at JLL, will help expand the existing central London property management [...]
Uber Eats launch quick commerce partnership with Iceland October 18, 2022 Uber Eats has launched a new quick commerce offering this morning, trialling a new partnership with Iceland to deliver groceries across London. Following the success of rapid delivery start-ups like Gopuff, ‘Uber Eats Market’ will use Uber’s technology and Iceland’s in-store infrastructure to deliver goods in as little as 20 minutes. Over 1000 branded and [...]
Carbon capture specialist reaches deal with West Burton power station October 18, 2022 Viking CCS has agreed a partnership with independent power group West Burton Energy to capture and store emissions from its power station.
Greta Thunberg: Some climate protests may do more harm than good October 18, 2022 Greta Thunberg has said the methods used by some climate activists have gone too far, suggesting they could do more harm than good for public opinion. The teenage activist said she was concerned that groups may sometimes alienate rather than drive home meaningful change when they take action. “The climate movement has a lot of [...]
