Shares soar for Trustpilot as revenue jumps in half year September 13, 2022 The operator said total revenues had climbed 25 per cent on a constant currency basis to $73.41m in the half-year results, leading to a 43 per cent reduction in underlying losses to $6.59m. The group reported a loss for the period of $9m, down from $17m the year before, with adjusted EBITDA loss of $5m, [...]
Sainsbury’s injects £20m into boosting shop workers’ wages September 13, 2022 Sainsbury’s has said it will boost pay for its shop workers in London to £11.20 per hour, as well as offering employees free food amid the cost of living crisis. The supermarket said it was investing £25m into supporting its hourly paid workers, with some £20m being pumped into employees’ pay packets. Employees at Sainsbury’s [...]
Bitcoin looking to steal the show during Ethereum’s turn in the limelight September 13, 2022 The Ethereum Merge is almost upon us, but it appears Bitcoin is determined to take its place in the spotlight from a price perspective.
UK joblessness falls to 1970s low, but pay continues to plummet September 13, 2022 UK joblessness has slid to its lowest level since 1974, but scorching inflation is still wiping out Brits’ pay, official figures published today reveal. The proportion of people out of work dropped to 3.6 per cent in the three months to July, according to the Office for National Statistics (ONS). Despite the historic low unemployment [...]
Ex-minister says Kwarteng was right to sack Treasury’s top civil servant September 13, 2022 Kwasi Kwarteng was right to sack the Treasury’s top civil servant and his exit was a “cause for celebration”, according to a former Treasury minister. Former fraud minister Lord Theodore Agnew said the sacked Treasury permanent secretary Tom Scholar was the embodiment of “the malign influence of the Treasury orthodoxy”. Kwarteng has immediately tried to [...]
Warning of 35-hour queue to see Queen lying in state: 750,000 lining up but only 350,000 capacity September 13, 2022 Brits hoping to see the Queen’s coffin in Westminster Hall are facing a 35-hour wait, with warnings there is more than double the amount of mourners than the site can hold. It was reported this morning that Westminster Hall, where the Queen is lying in state, can process 350,000 – despite there being upwards of [...]
Fresh wave of strikes at Felixstowe as workers walk out at end of month September 13, 2022 A fresh wave of strikes is set to hit the port of Felixstowe later this month, with workers walking out from 27 September to 5 October. This will take place following the official mourning period for the Queen’s death. The union Unite announced today 82 per cent of staff voted in favour of rejecting the [...]
Explainer-in-brief: Commonwealth countries looking for freedom September 13, 2022 The end of Queen Elizabeth II’s reign is a momentous event not only for the UK but for the Commonwealth as a whole. Some of these countries have been thinking about independence for some time, and might find the near future is just the right moment to make that decision. Gaston Browne, the prime minister [...]
Severn Trent rings changes following retirement of top official after 12 years September 13, 2022 Severn Trent is ringing the changes on its board following the retirement of a long-serving official after 12 years at the helm. Bronagh Kennedy will step down as Group General Counsel and Company Secretary in early December, with the company splitting up the roles. Both Severn Trent and its Water Limited company will have Didar [...]
Challenger gas supplier Yu Group exceeds expectations amid concerns over price rises September 13, 2022 Challenger gas supplier Yu Group exceeded expectations on its cash, earnings and profitability, as it looks to finish the financial year strongly. The company said it expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) of more than £4.7m, while its cash balance was ahead of expectations. Its strong showing took place even with an [...]
