Shoppers push for tech investment as demand for new payment methods swells April 25, 2022 UK shoppers are pushing retailers to ramp up investment in technology as demand for new payment methods from retailer swells, new data has revealed. Around 80 per cent of shoppers are calling on retailers to invest in tech like frictionless payments to help avoid queues and swerve lengthy checkout forms, according to a report into [...]
Watch the moment a Russian oil depot 100km from Ukraine border is engulfed in flames April 25, 2022 Videos shared on social media show the moment a Russian oil depot north of the Ukrainian border was engulfed in flames. Russia responded to the inferno in Bryansk, 100km north of the border, with state news agency Taas reporting on it at around 2am on Monday morning. Space agency Nasa’s fire tracking site also showed [...]
Chapel Down toasts to profit nearing £2m as English wine ‘thrives’ April 25, 2022 Wine producer Chapel Down has posted a profit of nearly £2m, in a dramatic comeback from a previous loss. In results for the year to 31 December posted on Monday, the firm reported a group adjusted EBITDA of a £1.93m profit, versus a £0.02m loss in 2020. The firm’s chairman described English wine as a [...]
Amazon customers face higher prices for products as retail giant brings in fuel and inflation levy April 25, 2022 Consumers could be hit with higher prices for Amazon products, after the retail giant announced it will impose a new levy on sellers.
FCA uses emergency powers to stop British Steel Pension scandal advisers selling assets April 25, 2022 The UK’s financial watchdog is using emergency powers to stop the firms who advised British Steel Pension Scheme (BSPS) victims from selling off assets to avoid paying compensation. The Financial Conduct Authority (FCA) has launched the emergency asset restriction rules without consultation, in a bid to stop firms from wiggling out of victims’ hard-won redress. [...]
Fuel price rise means cost of running a car jumps 17 per cent April 25, 2022 Huge jumps in fuel prices have contributed to a rise in the cost of maintaining a car by 17 per cent to £3,500. Motorists are spending on average £1,435 to fill up their car each year, which is a £960 rise, according Insurance Revolution. The fuel jump rise means some road-users have started to use [...]
Burger King plots 200 new UK restaurants as fast food giant eyes whopper £600m London float April 25, 2022 Burger King is eyeing an additional 200 restaurants in the UK over the next four years, after “significant under-penetration” in the country’s market. The burger chain, which has been eyeing a London float since last year, said its adjusted EBITDA nearly tripled to £49.5m. In results for the year ended 31 December, the fast food [...]
LondonMetric Property locks sights on logistics spaces in recent buying spree April 25, 2022 LondonMetric Property has undertaken a buying spree across the city, as warehouse spaces in the capital climb to the top of the property investment agenda. The FTSE 250 property firm has dished out £26.7m on six logistics sites in the city, as Brexit and the pandemic push businesses to bring their supply chains closer to [...]
Polymetal postpones projects as West ramps up sanctions on Russia April 25, 2022 Troubled Anglo-Russian miner Polymetal International (Polymetal) has seen revenues grow four per cent year-on-year to $616m.
Frasers Group launches £70m share buyback ahead of new CEO April 25, 2022 Mike Ashley’s Frasers Group has launched a £70m share buyback scheme today, after the fashion retailer splashed the cash on a recent buying spree. The FTSE 100 group, which includes House of Fraser, Sports Direct and Jack Wills among others, snapped up failing Studio Retail Group in February, after pledging to spend £60m on [...]
