Explainer-in-brief: A mass exodus or sticking around for Twitter anarchy? April 27, 2022 Elon Musk has officially bought Twitter – or as some put it, free speech – for USD$44bn. Not everyone is happy: several high-profile users have promised they will leave the platform, worrying that with no checks in place it will become a place rife with hate, misogyny and offensive content. Because it’s currently such a [...]
F1 test systems firm AB Dynamics weathers supply chain pressures with price increases on new orders April 27, 2022 AB Dynamics, manufacturer of driving robots and simulators used by the Alfa Romeo Formula 1 team, had £37m in revenue in the six months up to February, more than £10m more than the previous year. The company had £5.7m in operating profit, a 63 per cent increase on 2021, while net cash was down 16 [...]
Gazprom halts gas supplies to Bulgaria and Poland as Russia demands rouble payments April 27, 2022 Kremlin-backed energy giant Gazprom has halted gas supplies to Bulgaria and Poland for failing to pay for gas in roubles.
Power firm Drax has 99 per cent of energy generated from renewables April 27, 2022 Power creating firm Drax had 99 per cent of generation from renewables last year, as the firm looks to help shore up UK energy security. The company announced a series of new plants, including a 360Kt site in Alabama and 40Kt satellite plant in Arkansas, while its biomass, hydro and pumped storage elements in the [...]
Fresnillo pushes through pandemic headwinds with modest production gains April 27, 2022 Fresnillo has reported a modest increase in production over the first three months of year, as it navigates challenging pandemic conditions.
Persimmon on track to open 75 new outlets as it looks to take advantage of growing house prices April 27, 2022 Persimmon, the UK’s second largest housebuilders, is on track to open around 75 new outlets during the first half of 2022, having already opened over half by the end of March 2022. The housebuilder now has around 300 active outlets across the UK, as it looks to snap up more of the market and strengthen [...]
Ted Baker: Fashion retailer receives ‘a number’ of bids from suitors as sale hots up April 27, 2022 Ted Baker confirmed it has been the recipient of a number of bids from suitors hoping to snap up the high street fashion retailer. The clothes seller entered into a formal sales process earlier this month, after being wooed several times by US private equity firm Sycamore. It had previously revealed it had been approached [...]
Landmark year: GSK beats quarterly expectations as it plans consumer healthcare spin off April 27, 2022 Healthcare giant GlaxoSmithKline has reiterated its growth outlook after posting first quarter sales of £9.8bn, surpassing analysts’ expectations. The pharmaceutical firm said it anticipated it would deliver sales growth in 2022 of between five to seven per cent at CER and growth of adjusted operating profit of between 12 to 14 per cent at CER. [...]
Business growth boosts London Stock Exchange Group as it avoids big hit from Russia exposure April 27, 2022 Revenues at LSEG have risen 6.3 per cent over the first three months of the year, powered by business growth and high customer retention.
WH Smith returns to profit and hopes to capitalise on travel comeback April 27, 2022 Stationery giant WH Smith has returned to profit and said it was set to reap the benefits of opening a number of new stores in airports as international travel rebounded. In interim results for the six months ended 28 February 2022, the high street named revealed headline profit before tax and non-underlying items hit £14m. [...]
