SMEs with young business owners saw stronger pandemic performance September 7, 2021 New data has revealed that the age of business owners had a “major impact” on the performance of companies during the pandemic. Companies with younger leaders at the helm reported lower reductions in turnover according to a report on small and medium sized businesses published by AXA. In 2020 companies run by decision makers who [...]
Science Group escalates tactics in TP Group takeover battle September 7, 2021 Science Group, which has seen multiple offers to purchase TP Group rejected, has ordered a General Meeting in a bid to replace the company’s directors. Spurned suitor Science Group has bought up 24.1 per cent of TP Group’s issued voting capital and has called a shareholder meeting to replace two of the company’s non-executive directors [...]
Toyota to spend £9.9bn on car batteries by 2030 September 7, 2021 Toyota has announced plans to spend 1.5tn yen (£9.9bn) on developing car batteries and its battery supply system by 2030. The world’s largest vehicle manufacturer, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is planning a full line up of electric vehicles next year and aims to sell 10m electric and hybrid vehicles by [...]
Vietnamese man faces five years in jail for Covid rule break September 7, 2021 A Vietnamese man has been sentenced to five years in jail for spreading Covid after he flouted lockdown rules and infected eight people. Le Van Tri, 28, was convicted of “spreading dangerous infectious diseases” during yesterday’s trial which alleged he had caused eight people to become infected including one who died. “Tung travelled back to [...]
Case dropped against ex-Alibaba manager accused of sexual assault September 7, 2021 Prosecutors have dropped their case against a former Alibaba Group holding manager accused of sexual assault by a colleague. The manager, surnamed Wang, was investigated after a female subordinate published a viral account of being sexually assaulted and raped during a business trip. The female victim was ignored when she raised the assault with her [...]
Welcome to the one country where Bitcoin can be used as cash September 7, 2021 El Salvador has made history by becoming the first country in the world to make Bitcoin legal tender as part of a pioneering economic experiment. From today, Bitcoin will be accepted by businesses across the country alongside the US dollar. Every citizen will receive $30 worth of bitcoin pre-loaded onto a government sanctioned e-wallet. The [...]
Booster programme is needed to keep schools open, says minister September 7, 2021 The vaccines minister, Nadhim Zahawi, has said that a booster programme must be rolled out in order to keep schools open and avoid further lockdowns. In comments to Sky News, Zahawi said: “The right thing is that we open schools, we’ve opened them well with a really comprehensive testing programme. But we want them to [...]
Ted Baker sales jump 50 per cent in a year September 7, 2021 Ted Baker has reported strong sales in Q2 with revenue up 50 per cent compared to last year despite the ongoing impact of Covid-19 on retail. Store sales surged by +142 per cent between April 25 to August 14 compared to the same period a year ago. While sales were down -45 per cent compared [...]
888 makes inroads in Colorado as part of US invasion plans September 7, 2021 888, a leading online betting company, has announced its expansion into Colorado with the launch of a joint product with Sports Illustrated. The company will launch a Sports Illustrated wagering experience ahead of the start to the National Football League (NFL) season. The infamous media brand will direct its 30 million monthly viewers to 888’s [...]
Vistry reports strong half year financials with revenue of £1.1bn September 7, 2021 Vistry Group PLC has reported financials “significantly ahead” of expectations for the first half of 2021, with revenue of £1.1bn. The Group, which builds new homes, saw revenue surge by 82 per cent compared to the same period last year while adjusted revenue climbed by 4.3 per cent compared to 2019. Profit before tax jumped [...]
