Wizz Air pursues expansion as losses deepen January 26, 2022 Wizz Air doubled losses in the third quarter as it expanded its workforce and fleet amid travel disruption spurred by Omicron.
Advertising watchdog upholds complaints over Oatly ads for ‘misleading’ environmental claims January 26, 2022 The advertising watchdog has upheld four complaints over an Oatly marketing campaign. The Advertising Standards Authority (ASA) has upheld four out of five issues raised by a campaign from the oat drink firm. Viewers had raised concerns over two television adverts, a sponsored Facebook post, a sponsored Twitter post and two press adverts. The adverts [...]
Investment bank warns gas prices could quadruple if Russia invades Ukraine January 26, 2022 Analysts have warned that UK gas prices could increase four-fold to over £10 per therm if flows from Russia are cut off over the coming months.
Pets at Home hikes profit guidance as it outlines mitigations for inflationary pressures January 26, 2022 Pets at Home has upgraded its profit guidance in the wake of rising revenues. In a trading update for the 12 weeks to 30 December, the pet care business posted total Group revenue growth of 5.8 per cent to £319.4m. It said group like-for-like revenue was up 8.7 per cent compared to 2020. In comparison [...]
Brewin Dolphin fund inflows hit £1bn in latest quarter January 26, 2022 Investment management firm Brewin Dolphin saw record discretionary inflows of £1bn in the first quarter of the financial year.
Lord Cruddas’ CMC Markets on track for new trading platform amid tumultuous pandemic January 26, 2022 CMC Markets meets full year guidance as client money trends, especially in Australia, drive "confidence" for the firm and keep assets "close to record highs".
City Moves: Who’s switching jobs in the Square Mile this week? January 26, 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. TheCityUK TheCityUK has appointed the founder and CEO of Aquis Exchange as the inaugural chair of the industry body’s new business council. Alasdair Haynes joins the council as one of many chief executives and chairs from around 35 [...]
Klarna rolls out physical card for UK customers January 26, 2022 Klarna has announced the launch of a physical credit card for UK customers as it extends its buy-now pay-later (BNPL) products into ‘real world’ payments
Virus modellers must admit their mistakes and learn from the practice of transparency January 26, 2022 By now, we all know about the poor track record of prediction by the academic modelling teams advising the Scientific Advisory Group for Emergencies – Sage. The unreliable nature of economic projections is also evident, as analysis of the Survey of Professional Forecasters (SPF) database shows. Yet the epidemiologists could still learn from the experience [...]
Calling time on Boris’ leadership could bear fruit for the Tories – if they grasp it January 26, 2022 How despondent are the Tories? One MP was beyond glum the other day. Quizzed who they’d like as leader, they replied: “We could have Arthur the bloody Great and it wouldn’t make any difference.” Labour has been cock-a-hoop as opinion polls have consistently given the party double-digit leads. But things can change. Just ask Sir [...]
