Airbus’s performance prompts increase in full-year guidance October 28, 2021 Airbus’s third quarter results performed better than expected, prompting the company to increase its full-year guidance for 2021 to 600 commercial aircraft deliveries and an EBIT Adjusted of €4.5bn. “Based on our nine-month performance, we have updated our 2021 earnings and cash guidance,” said Airbus’s chief executive Guillaume Faury. “We are strengthening the balance sheet [...]
Amazon posts another jump in sales but warns of ‘billions’ of additional Q4 costs October 28, 2021 Amazon has warned investors it is expecting to incur “several billion dollars of additional costs” due to labour shortages, increased wage costs and global supply chain issues. The firm posted third quarter sales of $110.8bn (£80bn) in the three months to end of September, a 15 per cent jump year on year. Amazon said the [...]
Treasury makes £1.5bn from pandemic stock market frenzy October 28, 2021 Next year, the Treasury is expected to make £1.5bn from stamp duty taxes on shares, as a result of the pandemic stock market frenzy, which saw many first-time investors put money into the market, the Evening Standard reported. While this year duty taxes on shares were £800m higher than £3.4bn that was initially forecast by [...]
Energy crisis continues with CNG Energy’s retail arm on the brink of collapse October 28, 2021 CNG Energy’s retail arm is on the verge of collapse. The embattled firm is close to falling into the infamous supplier of last resort process, according to Sky News. The supplier provides energy only to commercial clients. It is responsible for 45,000 customers, including schools, hairdressers, hotels and restaurants. If it ceases trading, it will [...]
Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Brexit: Truss summons French ambassador as fishing row escalates further October 28, 2021 France’s ambassador to the UK has been summoned to meet foreign secretary Liz Truss tomorrow as Paris refuses to back down over its threats to ban UK seafood and impose trade barriers. Truss said she wanted ambassador Catherine Colonna to explain to the UK’s Europe minister Wendy Morton the “disappointing and disproportionate threats made against [...]
Ollie Phillips: The Premiership is just so competitive October 28, 2021 The Premiership is producing some of the best rugby that it ever has, and the lack of England internationals over the coming weeks will make games even more unpredictable. Eddie Jones’s autumn squad is already at a training camp in Jersey, meaning a host of stars are unavailable for selection on a weekend full of [...]
Biden asks Democrats for support over $1.75tn spending framework October 28, 2021 US President Joe Biden has announced he had secured a $1.75tn spending framework to invest in the economy and climate change. Biden expressed his confidence in the plan, saying it could win the backing of all Democrats and pass the Senate, Reuters reported. “Today I’m pleased to announce after months of tough and thoughtful negotiations, [...]
Hello Meta: Zuckerberg announces Facebook’s new name – CityAM : CityAM October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Last Night in Soho review: A film of two halves October 28, 2021 After a long wait, Edgar Wright returns with a time-hopping horror/thriller that has been ear-marked as a movie to look out for by his many loyal fans. The West Country filmmaker hasn’t disappointed in the last few years, getting over his split from Marvel by making a car chase classic in Baby Driver, and telling [...]
