Founder of British chipmaker IQE steps down after three decades November 24, 2020 The founder and chief executive of British chipmaker IQE is to step down after three decades at the helm. IQE, which makes components for chips used in Apple products, said Dr Drew Nelson will step aside from his role once a successor has been found. The Cardiff-based semiconductor group said the change of leadership would [...]
JD Sports in exclusive talks with Debenhams to buy department store November 24, 2020 JD Sports is in exclusive talks with Debenhams that would see the troubled department chain acquired by the sportswear business, according to reports. Debenhams fell into administration in April for the second time. The coronavirus has hit the destitute department store hard, with stores closed and thousands of jobs axed due to the virus. According [...]
How Can I Invest in Blockchain? November 24, 2020 With the current frenzy of interest in bitcoin, there is an increasing number of people interested in trying to ride the ‘hype’ wave and invest in blockchain. And like any investment, you should always do your research. This article is not a recommendation or endorsement for any specific token or platform. So if you’re looking [...]
Meat producer Cranswick’s profits sizzle thanks to at-home cooking November 24, 2020 Cranswick’s first-half profits were up 31 per cent today as stuck-at-home consumers bought more of its pork and chicken products. Cranswick, which owns farms and supplies pork and chicken to British supermarkets, reported adjusted group operating profit of £62m for the six months ended September 26, compared with £47.4m a year ago. The firm supplied sandwiches [...]
Covid-19 leaves bad taste at Greencore as firm seeks £90m to shore up against virus costs November 24, 2020 Food producer Greencore is targeting a £90m equity placing to mitigate the cost of Covid-19 to the business, after the group’s pre-tax profits stood at £17.3m - down 81 per cent on 2019.
Compass Group returns to profit in Q4 following ‘challenging year’ November 24, 2020 Compass Group has made an operating profit of £561m in 2020 after a difficult year that saw parts of the business closed due to the coronavirus pandemic. The catering giant 2020 operating profit was down on last year’s £1,852m. Nearly two-thirds of Compass Group’s revenue came from north America. The group was able to return [...]
Don’t bid farewell to all the Brexit fish just yet November 24, 2020 So long, and thanks for all the fish. Not only book four in the Hitchhikers’ Guide to the Galaxy trilogy (“in five parts”) by Douglas Adams, but also, apparently, a negotiating strategy. The UK-EU trade talks are said to be trapped on a handful of unresolved issues, and one of them swims. We could be [...]
Labour’s bid to ban anti-vax content from the internet is well-meaning — but misguided November 24, 2020 How to combat anti-vaxxers spreading misinformation online and hampering the government’s efforts for UK-wide immunisation? The answer, according to the Labour party, is for an emergency law to be brought in introducing financial and criminal penalties for social media platforms who repeatedly fail to remove anti-vaccination content. Shadow health secretary Jonathan Ashworth suggested the law [...]
We can no longer ignore the link between human and planetary health November 24, 2020 As businesses across all sectors make their way through the final week of a second lockdown period away from the City, there is a widespread expectation that the aftermath of the Covid-19 pandemic must include a lasting environmental legacy. Sustainability has become a key motif of recovery strategies not just in the UK, but at [...]
We need a British Development Bank to level-up the regions November 24, 2020 Tomorrow, chancellor Rishi Sunak will address the nation and announce the government’s National Infrastructure Strategy. While the focus has primarily been on what infrastructure investments and tax reforms might be on the horizon, there is an opportunity here to think bigger. What Britain needs is a new financing institution, like a British Development Bank, to [...]
