Fake reviews and ‘subscription traps’ could be illegal under new proposals April 20, 2022 Fake reviews and "subscription traps" are set to be made illegal under new laws.
Brewing concern: Heineken warns inflationary pressures could mean beer sales fall later this year April 20, 2022 Brewing giant Heineken said it sold more beer than expected when European bars reopened, meaning it will maintain its guidance despite volatility from war in Ukraine. Beer sales rose to a greater extent than anticipated in the first quarter, the Dutch business said. Volumes rose 5.2 per cent on a like-for-like basis compared to the [...]
Cyber hack leaks personal details of UK government employees, which appear on Russian sites April 20, 2022 A suspected cyber attack leaked personal information of UK government employees, which appeared on Russian online sites. The foreign office launched an urgent investigation into the alleged hack, as it seeks to explore the origin of the leak amid fears a hostile foreign state was involved, according to the Telegraph. It told City AM we [...]
Exclusive: Kent on the UK’s energy transition plans April 20, 2022 City A.M. spoke with energy services group Kent, after the government finally unveiled its energy security strategy this month.
Russia’s Gazprombank requests $288m repayment from gold producer Petropavlovsk April 20, 2022 Russian gold producer Petropavlovsk has received a request from Gazprombank for an immediate repayment of $288.1m. Gazprombank, which has been heavily sanctioned by the UK government amid the war in Ukraine, has demanded repayment of some $201m for a term loan. The company has also requested repayment of approximately $87.1m, due under the group’s Russian [...]
Toasting to success: Naked Wines sees lifted sales as loyal customers return to purchase drinks April 20, 2022 Online wine seller Naked Wines has raised a glass to results in-line with expectations after crediting high levels of returning customers. In an update for the fiscal year ended 28 March, the Norwich-based retailer said performance was in-line with expectations. Trading was driven by repeat customer sales, strong retention and demand from existing members, the [...]
Wood Group hit by sliding revenue as it wrestles with ongoing pandemic impacts April 20, 2022 Wood Group’s revenue has slipped over the past year, as its wrestled with the ongoing impacts of the pandemic, as well as geopolitical and inflationary headwinds. The industrials group, which specialises in engineering and consulting, had its revenue slide 15.4 per cent to $6.4bn, down from $7.5bn in 2020. Though the Aberdeen-headquartered group swung from [...]
Petra Diamonds posts sparkling revenue as demand and price surge April 20, 2022 Revenue was up 33 per cent to $140.6m for Petra Diamonds, as the price of diamonds spike by over 30 per cent from 2021.
Synectics: Trade ahead of expectations thanks to UK contracts including National Grid April 20, 2022 Surveillance systems maker Synectics said trading in the first quarter was slightly ahead of its board’s expectations. Synectics chairman David Coghlan put a good performance down to “an improved contribution from public space and infrastructure security systems in the UK, including the National Grid contract.” The Sheffield-based company won a five-year contract to provide surveillance [...]
Scandal-hit Rio Tinto suffers heavy drop in iron ore shipments April 20, 2022 Rio Tinto has hiked its production guidance on all fronts for this year, after wrestling with Covid-19 and its lingering controversy.
