Tory leadership: Poll says Sunak at just 28 per cent among members as Mordaunt’s support surges July 14, 2022 The six remaining Tory leadership hopefuls are preparing for the final sages of the contest with the results of the second ballot at 3pm today. Three clear frontrunners have emerged after the first round, with Rishi Sunak receiving 88, Penny Mordaunt on 67 and Liz Truss on 50. This comes amid disastrous polling from YouGuv [...]
Netflix and ads: Streaming giant teams up with Microsoft to launch cheaper subscription plan July 14, 2022 Netflix announced a partnership with Microsoft late yesterday to introduce a “lower priced ad-supported subscription plan” to drive down its prices. The advert option will be an “addition” to the existing plans and will not feature on all offers. The streaming giant has not said how much the reduced package will cost, but comes after a [...]
Brits to receive first cost of living payments from government starting today July 14, 2022 Eight million Brits will begin receiving payments to help with the cost of living crisis on Thursday.. Direct payments will be automatically made into recipients’ bank, building society or credit union account, for low-income households on means-tested benefits. The first payment, referred to as the DWP Cost of Living payment, will consist of £326 and [...]
Celsius feels the heat as crypto lender files for bankruptcy July 14, 2022 Cryptocurrency lender Celsius Network has become the latest big name to fall victim to a global downturn in digital asset values.
Mixed reviews: Government puts brakes on Online Safety Bill as parliamentary schedule squeezed July 14, 2022 The government have delayed the remaining stages of the Online Safety Bill after the turbulence at Number 10 has squeezed parliamentary calendars.
Poundland sales resilient as shoppers more familiar with discount brands versus 2008 July 14, 2022 Poundland’s owner has reiterated its confident outlook, encouraged by the size of the discount market across Europe amid present economic turmoil. In a third quarter trading update, Pepco posted group revenues of €1.2bn, with year-to-date sales hitting €3.5m. The retailer, which also owns the Dealz and Pepco brands in Europe, said Poundland like-for-like sales had [...]
Experian looks to full year targets after growth in first three months of 2022 July 14, 2022 Credit reporting firm Experian experienced a growth in revenue during the first three months of 2022 despite a decline in consumer confidence in the UK and north America. The world’s largest credit data firm reiterated its bid for full year targets as it announced 14 per cent group revenue growth in the UK and Ireland, [...]
MOD awards £55m contract to Titanic shipyard Harland & Wolff July 14, 2022 The Ministry of Defence (MOD) has awarded a £55m contract to a shipyard in Devon operated by Harland & Wolff, the Belfast group famous for building the Titanic. The company said this was a “watershed moment,” the Telegraph first reported. As part of the contract, the shipyard will refurbish an old Royal Navy mine hunter, [...]
Dr Martens says sales of boots are in line with forecasts despite cost of living crunch July 14, 2022 Dr. Martens has assured shareholders its trading this year is in line with expectations, ahead of its AGM in north London on Thursday. In a trading update on Thursday morning, the boots maker said trading was as expected since the start of this financial year. The retailer acknowledged that ‘the early months of our financial [...]
DSW profits increase due to IPO ‘halo’ effect July 14, 2022 Professional services licence provider DSW has posted a 25 per cent increase in profits as a result of its recent IPO’s “halo” effect. In the year ended 31 March, the group reported an adjusted pre-tax profit of £2m, while its network revenue went up by 19.6 per cent, from £15.3m to £18.3m. Free earners at [...]
