Made.com slashes 2022 outlook amid ‘tough trading environment’ May 16, 2022 Lifestyle brand Made.com lowered its expectations for the rest of 2022, with both gross sales and revenue expected to drop 15 per cent and seven per cent respectively.
British tech equipment maker Diploma posts steady revenue growth despite rapidly growing portfolio May 16, 2022 British tech products provider Diploma reported steady revenue growth this morning, up 23 per cent to £448.5m thanks to organic revenue initiatives, positive demand and pricing. The FTSE 250 firm reported a 22 per cent growth in adjusted EPS to 47p and 20 per cent increase in interim dividend at 15p. It comes as Diploma [...]
Next and Frankie & Benny’s bosses under fire for hefty pay packets May 16, 2022 Frankie & Benny’s and Next bosses are under fire for hefty bonuses after both companies received government support during coronavirus measures. Next chief Simon Wolfson took home almost £4.4m last year, up 50 per cent on the year before, including an annual bonus worth 100 per cent of his basic salary. Meanwhile, Andy Hornby, chief [...]
Andrew Bailey faces House of Commons grilling amid cost of living crunch May 14, 2022 Bank of England Governor Andrew Bailey will face questions over his leadership on Monday following his policy towards the cost of living crunch.
Government severs ties with National Union of Students amid anti-Semitism concerns May 14, 2022 The government said it is removing all links with the National Union of Students (NUS) amid anti-Semitism concerns.
Education Secretary: Top universities shouldn’t ’tilt the system’ in favour of state school kids May 14, 2022 The Education Secretary has defended the UK's private school system, stating that we should be "very proud" of it and said top universities should not "tilt the system" to benefit state school students.
Premier League consults top clubs over debt-fuelled takeovers May 14, 2022 The Premier League is weighing up a formal ban on debt-fuelled club takeovers as football gears up for an industry overhaul. As first reported by Mark Kleinman for Sky News, Premier League execs are in discussions with the top twenty teams about the change in ownership rules and leveraged buyouts. The consultation process is expected [...]
UAE’s Etisalat nabs 9.8 per cent stake in Vodafone as pressure mounts for consolidation May 14, 2022 Emirates Telecommunications Group, now known as e&, has acquired a 9.8 per cent stake in Vodafone for $4.4bn (£3.6bn), the companies confirmed this morning.
Village takes on Vogue: Magazine U-turns on legal action against Cornish pub donning same name May 14, 2022 The world’s most iconic fashion magazine has backed down on its plans to sue a pub called Vogue in the Cornish hamlet of Vogue. As reported by The Telegraph, the fashion publication sent a cease and desist letter to The Star Inn at Vogue, stating that the name of the pub may confuse readers. The letter [...]
Government confirms BBC licence fee exemption and UK-wide big screens for Platinum Jubilee May 14, 2022 The government has confirmed that big screens will be set up outdoors in London, Edinburgh and Cardiff so that people can come together to celebrate The Queen’s Platinum Jubilee next month.
