Speedy Hire has the tools to grow with rising revenues and increased profits November 17, 2021 Speedy Hire is revelling in sustained strong trading performance and is set to deliver full-year results ahead of marketing expectations, as the construction rental equipment specialists looks to embrace the consumer market. The firm’s CEO, Russell Down, is looking to maximise the “untapped potential” of homeowners pursuing their own projects. It has now signed a [...]
British Land boosts profits as rent collection improves and demand grows November 17, 2021 Commercial landlord British Land swung to a half-year profit on improved rent collection and higher value of its office spaces and retail parks.
Pound strengthens against dollar on mounting Bank of England rate hike bets as inflation heats up November 17, 2021 The pound strengthened sharply against the dollar amid growing speculation the Bank of England will hike interest rates due to inflation soaring to more than double its target. Fresh data published this morning by the Office for National Statistics (ONS) shows inflation scaled to 4.2 per cent in October, causing investors to pour into sterling. [...]
Profits fall for CMC Markets despite pandemic trading boom November 17, 2021 Financial services CMC Markets reported disappointing results, despite its lockdown success and confident talk of a company split.
SSE rejects spin-off push from activists with £12.5bn renewables boost November 17, 2021 SSE will invest a further £12.5bn in green power over the next five years, after it rejected calls yesterday from activist investor Elliott Management to spin off its renewables arm. Elliott Management has been pushing SSE to separate its renewables business, since taking a stake in the operator in September. The UK energy firm will [...]
Experian crosses $3bn in revenue as consumer services drive post-lockdown recovery November 17, 2021 Experian has upgraded its guidance with revenues rising 23 per cent and operating profits soaring 29 per cent in the first six months of the year. The credit reporting company has been boosted by a recovering economy with its consumer services enjoying standout growth. The firm’s half-year results showed that overall revenues reached $3.06bn while [...]
Lidl to become UK’s highest-paying supermarket in £18m wage investment November 17, 2021 Lidl is set to become the UK’s highest-paying supermarket after it said it would invest £18m in wages. Entry-level wages are to increase £10.85 to £11.30 in London from March 2022 while new starters outside the capital will see wages hike from £9.50 to £10.10. Lidl colleagues are also to earn up to £12.25 in [...]
Sage reports 10 per cent profit drop as it gears up for scaling November 17, 2021 Accounting software company Sage reported a 10 per cent drop in full-year organic operating profit to £343m as investment in its cloud offer squeezed its margin to 19.3 per cent from 22 per cent a year ago.
CBDCs or stablecoins? Experts debate the future of digital payments November 17, 2021 Even the experts are divided over what the future of the global digital payments system will look like. At the Digital Asset Summit in London this week a panel of representatives from Credit Suisse, crypto exchange BitStamp, Fireblocks and FIS shared their views on the road ahead for the digital payments. While all agreed that [...]
Lynch case takes another turn after co-defendant takes aim at key City witnesses November 17, 2021 THE continued fight over Mike Lynch’s proposed extradition to the US to face fraud charges has taken another turn after his co-defendant’s legal team attempted to discredit the evidence of two City analysts who have testified against Autonomy executives in previous court cases. In legal documents filed in Northern California, Lynch’s co-defendent Stephan Chamberlain alleges [...]
