The tech tumble strikes again: Social media firms set to lose £112bn following Snap warning May 24, 2022 Snapchat's parent company's shares tumbled nearly 40 per cent in early morning trading, after the company warned against dwindling revenues and slowing recruitment.
Shell’s climate plans backed by shareholders despite activist disruption May 24, 2022 Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.
Partygate: Khan writes to Met to demand answers on why PM only received one fine May 24, 2022 Sadiq Khan has written to the Metropolitan Police to demand a “detailed explanation” of why Boris Johnson was not given a second Covid fine, after pictures yesterday emerged of him drinking at a work event. The London mayor invoked his powers as London’s police and crime commissioner to ask acting Met commissioner Sir Stephen House [...]
L’Oreal boss: Shoppers continue to buy beauty products despite inflation May 24, 2022 The boss of cosmetics giant L’Oreal has said it has not experienced shoppers holding back on purchasing beauty products due to rising inflation. So far, the firm had seen “no impact of inflation and price impacts on consumers’ beauty consumption,” L’Oreal CEO Nicolas Hieronimus said. His comments were made to the Reuters news agency at [...]
Hornet to give Whyte and Hewitson followers a Super buzz May 24, 2022 TRAINER Douglas Whyte and jockey Lyle Hewitson are a red-hot partnership to follow at present. The duo, who have combined with 14 winners this season, can’t seem to stop visiting the winners’ circle this month. Whyte has trained half-a-dozen winners from his last 38 runners, and added another Group One victory to his CV when [...]
London-based venture firm Crane bags £112m for new ‘deeptech’ fund May 24, 2022 London-based venture firm Crane has bagged $140m (£112m) for a fresh ‘deep-tech’ fund today with £30m backing from British Business Bank-owned investor British Patient Capital.
Web 3.0: Developers need to create solid products, not endless hype May 24, 2022 Valentina Drofa, founder and CEO of Drofa Comms, urges developers to ensure Web3's bubble doesn't burst with expectations.
Peerless Moreira can remain in Excellent form May 24, 2022 REIGNING champion Joao Moreira is once again the jockey to follow when racing gets underway with a competitive nine-race card at Happy Valley today. Normal service resumed at Sha Tin last Sunday, when the Magic Man completed a four-timer, following his return from a two-meeting suspension, which stretched his lead to seven over Zac Purton [...]
Ralph Lauren boosts sales forecast as wealthy shoppers undeterred by price rises May 24, 2022 Luxury fashion brand Ralph Lauren upped its sales forecast for the year after resilient demand for designer clothes and accessories. The New-York based retailer said it was anticipating improved margins after robust demand from its largest markets in North America and Europe. Its core customer base of higher-income shoppers has been unaffected by the rising [...]
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]
