Top Australian firms pledge £28.5bn injection into UK economy March 31, 2022 A group of top Australian firms have commited to inject £28.5bn into the UK economy today across projects spanning renewable energy, infrastructure and urban regeneration.
Lufthansa’s boss ‘open to all options’ on ITA equity stake March 31, 2022 Lufthansa is open to all options regarding an equity stake in Alitalia’s successor ITA Airways, the German carrier’s boss Carsten Spohr said this morning. Spohr told reporters Lufthansa, who had partnered with logistics giant MSC for the possible takeover, would be an ideal partner. The chief executive’s comments come less than a month after he [...]
Explainer-in-brief: Cutting company ties with Russia is a balancing act March 31, 2022 Leroy Merlin and Bayer are two of the companies that haven’t pulled out of Russia yet. When giants like BP and Shell terminated operations in the country they were praised, and rightfully so. Companies that haven’t left face boycott calls. Sanctions are seen as a way to push the Kremlin in a corner, ultimately making [...]
Q&A: will the gold price surge continue? March 31, 2022 James Luke explains the effect that Russian sanctions and Fed rate rises are having on gold, and what may lie ahead for the precious metal. Gold prices have been on an upward trend since mid-January, accelerating sharply upon Russia’s shocking invasion of Ukraine towards the end of February as investors flocked to perceived safe haven [...]
Homes for Ukraine scheme: Less than 10 per cent of visa applications approved March 31, 2022 Less than one tenth of visa applications have been approved through the ‘Homes for Ukraine’ scheme, it has been revealed. The Home Office said it is “moving as quickly as possible” to make the process more efficient, as the UK handed out just 2,700 passes through its initiative, according to The Times. The programme pairs [...]
Pantheon Resources enjoys financial boost from heavy fundraising March 31, 2022 Pantheon Resources (Pantheon) has built up a strong cash position after completing a heavy fundraising campaign.
UK economy grew faster than anticipated after Covid spending at the end of 2021 March 31, 2022 The UK economy grew faster than anticipated in the last three months of 2021 as a frenzy of health sector activity masked inflation’s impact on household incomes. Gross domestic product (GDP) increased 1.3 per cent in the fourth quarter from the previous three-month period. The Office for National Statistics had previously provided an estimate of [...]
Hostelworld: Revenue recovers as travel restrictions scrapped as online agent posts €17.3m loss March 31, 2022 Hostelworld has marked a “challenging year” as the online travel agent has slowly seen bookings rebound with the easing of travel rules. Hostelworld marked a net revenue of €16.9m for the year to 31 December, an increase of 10 per cent year on year. The Dublin-based company said its full year net bookings totalled 1.5m, [...]
Brewin Dolphin shares fly following £1.6bn RBC Wealth Management bid March 31, 2022 The Royal Bank of Canada’s (RBC) wealth management business has offered to buy British investment management heavyweight Brewin Dolphin for £1.6bn. London-headquartered Brewin will receive 515p per share, which includes an over 60 per cent premium on yesterday’s closing price of 318p. The bid values Brewin at 2.8 per cent of its £55bn assets under [...]
Gattaca looks to the future after bumpy start to the year March 31, 2022 Staffing solutions specialists Gattaca have endured a tough start to the year - with declines in revenues and net cash, alongside rising losses.
