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By: Kat Denham

All 247165 Articles
  • Hong Kong hit hardest by global collapse of travel as tough restrictions see 95 per cent drop in visitors

    February 13, 2022

    The global pandemic has hit Hong Kong’s travel sector harder than any other country in the world, as the country’s tough travel restrictions have seen a 95 per cent drop in the number of visitors. The value generated by Hong Kong’s travel sector dropped 75 per cent between 2019 and 2020, analysis from Compare the [...]

  • How investor ‘tourism’ in biotech industry can both bruise it – and supercharge it

    February 13, 2022

    The pandemic trigged an “astonishing” surge in the biotech industry, with red-hot stock valuations and a flood of IPOs. The industry caught the eye of retail investors and a series of lockdown measures leaving many people homebound with spare time and easy access to online trading platform, saw many dive into these ‘on trend’ stocks. [...]

  • Just Eat chief says Nasdaq departure doesn’t spell Grubhub sale

    February 13, 2022

    Just Eat chief Jitse Groen has said that the firm’s decision to de-list from the Nasdaq should not be taken as an indication of plans to sell its Grubhub subsidiary. The firm first launched in US markets in June last year as it snapped up US delivery firm Grubhub for $7.3bn, but said it would [...]

  • Soaring oil prices lead to bumper petrol profits at Britain’s biggest supermarkets

    February 13, 2022

    Soaring oil prices have led to bumper profits on petrol sales at Britain’s biggest supermarkets, revealed fresh figures released yesterday. Profit margins on petrol sales have nearly tripled since 2019 at the big four food retailers, according to data from RAC. Margins widened to 8.6 per cent last month, up sharply from the 3.2 per [...]

  • LV= seeks to reassure members after Royal London merger talks collapse

    February 13, 2022

    Mutual insurer LV= has told members it was wrong to say that it could not survive without being taken over by Bain Capital, after plans for its merger with Royal London collapsed last week. In a letter to LV=’s 1.1m members, the firm said LV=’s Board no longer believes that merging with another mutual insurer [...]

  • Morrisons’ owners look to ease fears of a shift away from traditional business model

    February 13, 2022

    The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.

  • Private equity firm readies a bid for oil refinery Stanlow

    February 13, 2022

    A private equity firm is readying a bid for beleaguered British oil refinery Stanlow as concerns grow over the security of the UK’s fuel supply.

  • Boris Johnson will ‘restore smaller state’ in Number 10 reset, says Barclay

    February 13, 2022

    Boris Johnson’s government will take a “step back from people’s lives” as a part of a pivot to a more traditional conservative platform, new Number 10 chief of staff Steve Barclay has said. Barclay said the government will “restore a smaller state” and “make the centre of government work like the best-run companies” as Johnson [...]

  • Rail firms call for off-peak fares to be scrapped as industry tracks recovery

    February 13, 2022

    Rail firms look to scrap off-peak trains as operators attempt to revive the railway after Covid. The Rail Delivery Group (RDG), which speaks for companies such as FirstGroup and Govia, has urged ministers to use the private sector’s “in-depth knowledge of their customers and markets”, which may include  “innovative” tickets that adjust prices throughout the [...]

  • UK minister: Nato will not tolerate Russian ‘bullying or threats’ over Ukraine

    February 13, 2022

    Nato will not allow Ukraine to be bullied or intimidated by Russian threats, Northern Ireland secretary Brandon Lewis has said. Lewis also restated the UK’s position that it will not send troops into Ukraine if it faces an invasion by Russia. It comes as defence secretary Ben Wallace yesterday compared the response of some western [...]

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