Netflix, Google and Facebook to require jabs for return to office July 29, 2021 Netflix, Google and Facebook will require all US employees to be vaccinated against Covid-19 before they can return to work. In an email to staff Google boss Sundar Pichai said the tech giant was pushing back its return to the office from September to mid-October. He added that vaccinations will be compulsory for US staff, [...]
Pets at Home keeps lockdown puppy boom momentum and hoists revenue July 29, 2021 Pets at Home has kept up its pandemic sales momentum in its first-quarter following last year’s lockdown puppy boom, with revenue up 25.7 per cent. The pet retailer group’s total revenue lifted to £377m in the weeks to 15 July, with 29.4 per cent growth on the same period the year before Covid-19. The group [...]
How might the UK replace China in its new nuclear plants? July 29, 2021 Back in 2015 the UK and China put nuclear power at the centre of what was hailed as a new “golden age” for relations between the two countries. As part of £30bn worth of deals, China’s state-owned nuclear firm China General Nuclear (CGN) agreed to partner with the UK to help it build three new [...]
Guinness owner Diageo sales jump as it toasts reopening July 29, 2021 Spirits group Diageo has beaten expectations for full-year sales as it gears up the reopening of bars and nightclubs across Europe. The booze business, which owns brands such as Guinness, Johnnie Walker and Smirnoff, reported net sales of £12.7bn in the year to the end of June, up 8.3 per cent on the previous year. [...]
Fraud detection company RELX expects 2021 revenue growth to be above historic trends July 29, 2021 Analytics and fraud prevention company RELX said it expected profit growth and underlying revenue to be “slightly above historic trends” in its 2021 full-year results. Following a strong performance in the first six months of 2021, the London-based company saw revenue total £3.39bn, with a constant historical currency growth of four per cent. However this [...]
BAE Systems kicks off £500m in share buybacks as earnings top £1bn July 29, 2021 Defence giant BAE Systems today announced that it would kick off a £500m share buyback programme after its first half earnings topped £1bn. The FTSE blue chip said that earnings totalled £1.03bn for the first half, up from £849m in the same period in 2020. It also said that it would boost its interim dividend [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]
Airbus raises forecasts after better-than-expected half-year results July 29, 2021 Europe’s Airbus raised its forecasts for full-year deliveries and earnings today after announcing better-than-expected first half results. The world’s largest maker of planes announced that it was expecting to deliver 600 aircraft this year, up from the 566 that they managed last year. Reuters reported yesterday that this was in part due to the financial [...]
Robinhood valued at $32bn as it prices shares ahead of IPO July 29, 2021 Popular trading platform Robinhood has been valued at $32bn (£23bn) after pricing its shares at the lower end of the guidance range ahead of its stock market debut. Robinhood priced its shares at $38 each — the bottom end of its $38 to $42 range — as it gears up for an eagerly-anticipated initial public [...]
Marlboro maker takeover of Vectura raises public interest eyebrows in government July 29, 2021 The takeover of respiratory drug firm Vectura by tobacco company Philip Morris International has raised government eyebrows over public interest concerns, according to the business secretary. The deal, worth more than £1bn, will be ‘closely monitored’ by the government after a letter from Labour shadow ministers urged the government to consider blocking it. Under the [...]
