UK closes in on mega LNG deal with US to stave off blackout fears November 8, 2022 The UK is set to finalise a major gas deal with the US after the COP27 climate change summit in Egypt this month.
Brewdog’s Qatar ad backlash should be a lesson for other brands November 8, 2022 The backlash to Brewdog’s ‘anti-World Cup’ campaign is a lesson for other brands It was inevitable that a football World Cup in Qatar would eventually drag the business world into the sporting world. Sponsors of the four-yearly jamboree are being forced to confront awkward questions – and others are taking the opportunity to make hay. [...]
Shoppers continue turning to own label groceries as yearly food bill to leap by £682 November 8, 2022 Sales of own-brand groceries shot up last month while fewer consumers forked out for a Halloween pumpkin this year, as households seek to trim down costs. Shoppers are increasingly switching to cheaper alternatives of food essentials, as historically high levels of inflation amp up the pressure on Brits this winter, according to data from insights [...]
Aveva weighed down by hefty losses despite shift to subscription model November 8, 2022 Aveva has failed to tame hefty losses despite boosting revenues as the technology firm shifts to a subscription model.
Hilton Foods warns profit will be dented after slower than expected cost mitigation talks November 8, 2022 Meat packer Hilton Foods warned its annual operating profit would take a hit after challenges passing on high inflationary costs in its seafood arm, causing shares to plunge. In a trading update on Tuesday morning, the FTSE 250 firm admitted its profit would come in at a lower than anticipated sum following challenges in its [...]
Online retailer Marks Electrical delivers double-digit revenue growth despite economic volatilities November 8, 2022 Marks Electrical has delivered a double-digit revenue growth despite current market volatilities. In the six months ended 30 September, the online electrical retailer posted a revenue growth of £43.1m – 15.1 per cent up on last year’s levels. The company grew its position in both the Major Domestic Appliance as well as in the Consumer [...]
Direct Line’s premiums slump amid challenging market backdrop November 8, 2022 Direct Line’s adjusted gross premiums have slumped slightly against a challenging market backdrop. In the nine months ended 30 September, the insurer’s total group premiums were £2.3bn – down 3.5 per cent on last year’s levels. Its Motor and Home markets went down 8.9 per cent and 10.1 per cent respectively, while Direct Line delivered [...]
Primark owner takes £1bn extra inflation hit amid ‘most challenging’ economy for many years November 8, 2022 Primark owner Associated British Foods (ABF) saw inflationary costs leap by £1bn this year alone, as it weathers “highly volatile” economic conditions and hopes to retain shoppers with its low prices. The chairman of the fashion and food business, Michael McLintock, said ABF had “encountered the most challenging economic conditions for many years with sharply [...]
Persimmon signals housing slowdown as sales slump amid recession fears November 8, 2022 Soaring interest rates and economic uncertainty are eating into sales and reducing consumer appetite for housing, revealed Persimmon.
Explainer-in-brief: What the hell is Boris Johnson doing at cop27? November 8, 2022 Boris Johnson called himself the "spirit of Glasgow" at Cop27 in Egypt.
