Domino’s delivers ‘transformational year’ as profit goes up by 12.5 per cent March 8, 2022 Pizza multinational Domino’s said this morning 2021 was a “transformational year” for the company, as it reported a 12.5 per cent increase in profit. In the year ended 26 December, the group registered an 11 per cent increase in revenue, going from £505.1m to £560.8m, while its underlying EBITDA increased from £125.5m to £136.4m. Domino’s [...]
London Stock Exchange steps in and cancels trades in rebounding Polymetal International March 8, 2022 Polymetal International's rally was cut short after the London Stock Exchange cancelled key morning trades.
Robert Walters reports record profits up 265 per cent thanks to recruitment boom March 8, 2022 Recruitment group Robert Walters reported a record year this morning, with operating profit increasing by 265 per cent year-on-year to an all-time high of £54.1m. The spike was fed by fierce competition for talent and a significant wage inflation across all countries and specialist disciplines. 81 per cent of group net fee income derived from [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills Savills has bolstered its building and project consultancy team with a new director at the firm’s Margaret Street head office. Andrew Hezelgrave brings more than 15 years of experience in the commercial property sector to the London office. Joining from Black Cat Building Consultancy, where he [...]
Editorial: An ‘off-ramp’ for Putin? West can only offer him a u-turn March 8, 2022 As Russia’s invasion of Ukraine goes ever more bloody and ever more of a military disaster for the Kremlin, it has become trendy to talk of giving Putin an “off ramp” that allows him to save face, whilst also bringing to an end the senseless murder being unleashed on Ukraine. Putin’s people themselves offered one [...]
First we need to cut fuel duty, then we must redesign our road taxes entirely March 8, 2022 In early 2011 at The Sun, I pestered the editor for long enough about rising petrol prices that he decided the newspaper should be doing something about it. A campaign to freeze fuel duty was born – with all the old-school trimmings. We even took post bags full of petitions signed by readers up Downing [...]
As inflation bites, Britain’s roadmap for start-up success needs to be kept up to date March 8, 2022 The rise in living costs over the next 12 months is set to be the highest in 30 years as inflation sets in. The UK’s Consumer Prices Index puts the inflation rate at 5.5 per cent, with some economists predicting this figure will rise close to 8 per cent by April. The Bank of England [...]
Pandemic spending habits settle to ‘new normal’ after online shopping boom March 8, 2022 Pandemic spending habits have “settled into a new normal” with people returning to bricks and mortar stores to ‘try before you buy’ last month. Total retail sales were up 4.9 per cent in February, compared to the same month in 2020, according to the British Retail Consortium (BRC) and KPMG retail sales monitor. Sales continued [...]
UK braces for historic living standards shock on Russia-Ukraine conflict sending inflation skyrocketing March 8, 2022 Households are set to absorb the worst shock to their living standards in recent history driven by the Russia-Ukraine conflict sending energy prices skyrocketing, reveals fresh research published today. Gas prices have surged to their highest level ever on concerns over Moscow squeezing energy flows in retaliation to Western sanctions, which could push UK inflation [...]
Brits hunker down for cost of living pinch as experts project spending pullback March 8, 2022 Brits are battering down the hatches in preparation for rampant inflation hitting their finances, reveals fresh research published today. Around nine in 10 households are concerned about the impact rising food prices and overall inflation will have on their ability to maintain spending levels, according to Barclaycard. The research was carried out before the Russia-Ukraine [...]
