Car dealer Pendragon beats profit expectations despite lockdowns September 15, 2021 Car dealer Pendragon said it had beaten its first half profit expectations despite the lockdowns that were in effect for much of January and February. The London-listed firm posted profit of £35.1m, up from a loss of £31m last year. It also reported a 49 per cent hike in revenue to £1.8bn, up from £1.2bn [...]
UK inflation soars to 3.2 per cent in record jump September 15, 2021 Inflation rose at the fastest rate since records began last month, new data showed today, though economists warned the jump was likely to be temporary. The Consumer Prices Index rose 3.2 per cent in August, up from 2.0 per cent in July, the single biggest one-month jump since the ONS began publishing the data in [...]
Darktrace hikes revenue forecasts after punchy start to listed life September 15, 2021 Cybersecurity firm Darktrace this morning hiked its revenue forecasts for 2022 as it made a strong start to life as a listed company. The company said that it expected revenue growth of 35 to 37 per cent next financial year, the second time in recent months that it has upped its predictions. The confident outlook [...]
Fever-Tree doubles European sales in H1 2021 September 15, 2021 Fever-Tree has published a strong set of financials for the first half of the year with the company’s European revenue growing by 102 per cent. Total revenue surged by 36 per cent to £141.8m in H1 2021, up from £104.2m in 2020. The European market saw the strongest growth with intake doubling from £20.5m to [...]
Tullow Oil back in black in first half September 15, 2021 Tullow Oil today swung back into profit for the first half of the year and upped its production targets as it looked to get back on a surer footing after several challenging years. The firm booked a profit of $93m for the first six months, having posted a whopping $1.3bn loss in the same period [...]
Wagamama owner The Restaurant Group reports mediocre interim results September 15, 2021 The Restaurant Group has reported lacklustre results for the first half of the year with a statutory loss before tax of £58.8m. Total sales stood at £216.8m, a 4.5 per cent drop compared to the same period in 2020. The company made a modest recovery when it came to EBITDA which jumped from a loss [...]
Apple shares unmoved by release of new iPhone 13 September 15, 2021 Apple unveiled its fresh iPhone models last night, which mirror last year’s editions and left its share price unmoved. The technology giant’s shares dipped 0.96 per cent to 148.12 cents a share by market close yesterday. It’s share price closed at 149.55 cents a share the day prior to the release. Similar to last year’s [...]
Top 10 cheapest London postcodes revealed September 15, 2021 A postcode district in Thamesmead has been found to be the cheapest postcode district in London for property at an average cost of £387 per square foot. The cheapest postcode was SE28, in the local authority of Greenwich, Brexley, where properties are x0.58 the London average, according to data from Churchill Home Insurance. The nearby [...]
Deliveroo launches free delivery offer for Amazon Prime members September 15, 2021 Amazon Prime members in the UK and Ireland will be able to get free unlimited delivery through a fresh partnership with delivery platform Deliveroo. All new and existing members of the online retailer’s speedy service will now be able to access a year’s Deliveroo Plus membership for free. Customers can use the offer on orders [...]
Shakespeare on branding: Ronaldo re-signing looks a coup for United September 15, 2021 On Friday, 27 August, Manchester United announced that they had re-signed Cristiano Ronaldo – the five-time Ballon D’or winner who most recently plied his trade at Juventus. The club reportedly pipped cross-town rivals Manchester City to his signature. Data from YouGov BrandIndex UK shows that, in terms of Manchester United’s overall brand, it’s been a [...]
