Boots owner WBA appoints former Amazon director as new CEO January 27, 2021 The owner of Boots will strengthen its team in March with the appointment of a business powerhouse as the new CEO and adding a new executive chairman to its board. Previously chief operating officer of Starbucks Rosalind Brewer will join Walgreens Boots Alliance (WBA) as chief executive officer. Brewer, a former Amazon director, was the [...]
Government to investigate Glencore over Chad wastewater spill January 27, 2021 The UK government will investigate a complaint against mining giant Glencore over a wastewater spill in Chad in 2018. According to three human rights groups, which brought the complaint, the FTSE 100 firm “failed to conduct appropriate environmental and human rights due diligence in relation to wastewater leaks and an alleged oil spill at the [...]
Mobile networks to tackle rural not-spots with mast building plan January 27, 2021 Mobile networks O2, Vodafone and Three are teaming up to build hundreds of new masts as part of a push to tackle so-called signal not-spots in rural areas. The companies will build and share 222 mobile masts in an effort to improve 4G coverage across the UK. In total 124 sites will be built in [...]
Fear, Anxiety, Doubt – FUD January 27, 2021 Crypto at a Glance Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing [...]
Amazon halts alcohol sales in Northern Ireland following new Brexit customs rules January 27, 2021 Online retail giant Amazon has halted sales of wines, beers and spirits in Northern Ireland as it prepares to de-list more products under new Brexit customs rules. The company is concerned that excise duty will now have to be paid twice on alcohol shipments sent from British mainland across the Irish Sea. Amazon suspended orders [...]
Shakespeare: Boohoo buys Debenhams brand to broaden its customer base January 27, 2021 Online fashion giant Boohoo has bought the Debenhams brand and website for £55 million, meaning its remaining stores will be forced to close. Boohoo already purchased the Karen Millen and Coast brands in 2019, however this is the first time the e-tailer has stepped out of the fashion category, with Debenhams enabling entry to the [...]
Are any stock markets cheap going into 2021? January 27, 2021 Where is the value in stock markets today? This is a difficult question to wrestle with. At face value, the bad news is that everywhere looks to be at nosebleed-red levels of expensiveness. Of the 25 measures in our regular stock market valuation grid below (five markets and five measures for each), 16 are more [...]
Paperchase rescue deal to save 1,000 high street jobs January 27, 2021 High street stationery retailer Paperchase is set to announce a rescue deal today that is expected to save around 1,000 jobs. Paperchase will be sold through a pre-pack administration to Permira Debt Managers – connected to its current private equity owners – which has provided funding for the business since 2015, Sky News reported. Up [...]
Fresnillo forecasts fall in gold production due to landslide January 27, 2021 Precious metals miner Fresnillo today said that gold production would fall over the coming year due to a landslip at one of its mines. The FTSE 100 company said that full year gold output for 2021 was expected to come in at 675 to 725 k/oz. This year the firm reported production of 769 k/oz, [...]
Hinkley Point C delayed by six months due to pandemic January 27, 2021 The start of electricity generation at Hinkley Point C in Somerset has been pushed back six months to June 2026, it was announced today. The project is now estimated to cost between £22bn and £23bn, more than previous estimates of £21.5bn – £22.2bn. French giant EDF, which is building the new nuclear power plant, said [...]
