Ikea and ITV invest in location tech startup what3words March 25, 2021 Ikea and ITV have both thrown their weight behind a startup that has divided the world into three-metre squares each with a unique three-word name to help pinpoint addresses. Ingka Group, the holding company behind the Swedish flat-pack giant, has pumped £12m into what3words, while ITV has taken a minority stake valued at £2m. What3words, [...]
En+ sees profit fall a fifth on aluminium price slide March 25, 2021 Metals firm En+ saw its net profit drop 22.1 per cent in 2020, dragged down by lower commodities prices and foreign exchange headwinds. Although the Anglo-Russian firm is not intending to pay a dividend for the past year, it is hoping to resume payouts over the coming year. It added that it had seen an [...]
Deloitte paid to draft parliamentary answers and media lines on test and trace March 25, 2021 The government has been using Deloitte to help ministers draft parliamentary questions and media lines to defend the ‘test and trace’ system. Since the pandemic began, Deloitte has won public sector contracts worth £323m, according to figures from the Good Law Project. Buried in those contracts are details of help with PR and communications, with [...]
Plus500 appoints former JP Morgan bigwig as new chairman March 25, 2021 Plus500 today said it has appointed the former head of JP Morgan Professor Jacob Frenkel as its new chairman. The online trading platform has proposed for Frenkel to succeed current chair Penny Judd following the company’s annual general meeting on 4 May, subject to shareholder approval. Frenkel has built a reputation as one of the [...]
BoE to circulate new £50 note celebrating WW2 code breaker Alan Turing March 25, 2021 A new £50 banknote celebrating mathematician Alan Turing, whose code-breaking skills helped Britain win WW2, will go into circulation in June. The new £50 note features an image of Turing, some of his mathematical formulae and technical drawings for the machines used to break the Enigma code. It also carries a quote by Turing about [...]
Former PM David Cameron will be investigated over lobbying Sunak and Bank for Covid cash for Greensill March 25, 2021 David Cameron will be investigated over lobbying Sunak and Bank for Covid cash for Greensill
Martin Sorrell’s S4 Capital continues growth as profit jumps March 25, 2021 Sir Martin Sorrell’s S4 Capital saw its profit jump by a fifth last year as the digital ad group continues its aggressive growth strategy. S4 Capital posted a 19.4 per cent rise in gross profit to £295m in 2020, while revenue rose 15 per cent to £343m. The marketing group, which has major contracts with [...]
Free school meals provider Compass charts course to better margins after revenues sink March 25, 2021 Free school meals provider Compass charts course to better margins after revenues sink
Boohoo cuts ties with hundreds of suppliers following Leicester factory scandal March 25, 2021 Online fashion retailer Boohoo has cut ties with hundreds of suppliers as it seeks to improve conditions for factory workers. The e-commerce giant this morning announced it has “ceased doing business with a number of manufacturers who were unable to demonstrate the high standard of transparency required”. Boohoo published a list of its 78 approved [...]
CMC Markets predicts better-than-expected operating income for 2020 March 25, 2021 CMC Market has suggested its predicted operating income for 2020 could be higher than expected, after reporting a strong performance in the final quarter of its financial year. In a market update today, the online trading and B2B platform said that following strong performance, net operating income for the financial year was likely to be [...]
