Music Magpie posts rise in profit after London IPO July 28, 2021 Tech resale site Music Magpie has posted a rise in revenue and profit in its first interim results since floating on the London Stock Exchange earlier this year. The online retailer, which allows consumers to exchange old devices such as phones and game consoles for cash, reported adjusted pre-tax profit of £4m in the six [...]
Sydney extends lockdown as Covid-19 cases rise July 28, 2021 Sydney is set to remain in lockdown until August, local authorities confirmed today. This announcement comes after a stay-at-home order implemented in late June failed to douse an outbreak of the Delta variant. With over 2,500 infections, this is Sydney’s worst outbreak this year. On Tuesday, New South Wales recorded the highest number of cases [...]
Deutsche Bank profit beats estimates despite trading revenue dip July 28, 2021 Deutsche Bank have today announced better-than-expected quarterly results despite a decline in its investment banking revenue. Shares in Germany’s biggest lender had gone up by 2.2 per cent in pre-market trading. It marks Deutsche’s fourth quarterly profit in a row, its longest streak in the black since 2012. The net profit attributable to shareholders in [...]
Q&A: What is “natural capital” and why should investors care? July 28, 2021 The last few hundred years of human activity have stored up changes in climate that threaten human existence. Climate change is not the only ecological threat. It’s widely agreed that damage to the natural environment and loss of biodiversity pose a comparable risk. Natural resources are the single most important input to the global economy. [...]
Aston Martin triples car sales but still slides to £90m loss July 28, 2021 Aston Martin plunged to yet another loss this morning despite selling more than three times the number of cars it did in the first half last year. The classic British brand posted a £90.7m pre-tax loss, a markedly improved effort after losing £227.4m in the same period in 2020. Revenue also increased 242 per cent [...]
Betting firm Sportech lists on Aim after move from London’s main market July 28, 2021 Betting firm Sportech began trading on Aim this morning after shifting its shares from London’s main market in the wake of pandemic losses. The London-based company last month said it would delist from the primary London Stock Exchange and trade instead on the capital’s junior market. Sportech said Aim was more suited to the company’s [...]
Staffline shares pop as recruiter’s profits set to rise despite lorry drive shortages July 28, 2021 Shares in recruiter Staffline popped nearly 10 per cent this morning after it predicted a rise in gross profits for the half year. Revenue for first half is expected to be £450.7m, up from £430.3 million for the same period last year, up 4.7 per cent. Gross profit expected to be £39m, up 14 per [...]
What needs to happen with cryptocurrencies for regulators to more readily accept this industry? July 28, 2021 CEX.io executive director Konstantin Anissimov looks at cryptocurrency regulation, and how it will affect the future.
Metro Bank pulls in solid revenue as asset growth looks sluggish July 28, 2021 Metro Bank has pulled £179.8m in revenue in the past six months, as the British bank looks to return to a more profitable growth in the second half of the year. Revenue was up some £26.5m in the six months to 30 June, which the bank put down to the recovery of much of the [...]
Biden: Cyber attacks likely the trigger to a real ‘shooting war’ July 28, 2021 Joe Biden has said any major “shooting war” is most likely to come as a consequence of a cyber attack, Biden announced cybersecurity has become his top priority within his administration after a series of attacks on high-profile businesses across the US over recent weeks. Software company SolarWinds, Colonial Pipeline, Kaseya, and meat-processing firm JBS [...]
