London-listed Computacenter snaps up Chicago retailer BITS which made £206m in profit last year July 13, 2022 Computacenter confirmed this afternoon the London-listed company has bought Business IT Source (BITS), a US reseller based in Buffalo Grove, Illinois, around 45 minutes away from Chicago. The business has around 100 employees and reported $245m, or roughly £206m in profit last year. Earnings before interest and tax (Ebit) reached $8.9m, or £7.5m, in the [...]
Shares in shipping services giant Clarkson soar after reporting profits of no less than £42m July 13, 2022 Shares in FTSE 250 shipping services company Clarkson soared by 11 per cent today after the business said it had a “strong” opening to the year, and promised shareholders it would beat expectations in 2022. The company expects to report underlying pre-tax profit of no less than £42m in the six months to the end [...]
Topps Tiles refuses to ditch chairman Darren Shapland despite shareholder revolt July 13, 2022 Retailer Topps Tiles said this afternoon it stands by its chairman months after a significant number of shareholder votes were cast against his re-election. The bathroom and kitchen tile retailer said that Darren Shapland is effective in the role. In January only 78 per cent of shareholder votes were cast for him to continue as [...]
Property prices to smash through £300,000 mark by next month, industry expert predicts July 13, 2022 AVERAGE property prices will smash through the £300,000 mark by the end of the Summer, an expert said today. Latest data show that prices hit a record £294,845 – as rates rose at the fastest level in 18 years. Despite claims prices could be set to crash, Jonathan Rolande, from House Buy Fast, believes we [...]
£16.9bn boost for Brexit Britain as UK to EU exports hit highest level ever recorded July 13, 2022 Goods exports to the EU reached £16.9bn in May, their highest level since the series began in 1997, according to the latest trade figures from the Office for National Statistics (ONS). In fact, the ONS found that UK imports and exports of goods rose overall by £2.2bn and £2.3bn respectively in May 2022. The higher [...]
Competition watchdog CMA launches probe into Morrisons takeover of McColl’s July 13, 2022 The CMA, the UK’s competition watchdog, confirmed this morning the launch of a ‘phase one’ investigation into Morrisons’ takeover of McColl’s. Bradford-based supermarket chain Morrisons snapped up McColl’s in a £190m rescue deal in May after the convenience chain collapsed into administration in light of soaring costs due to supply chain disruption, inflation and its [...]
‘I am just a regular guy’: Michael Gove rejects Downing Street’s ‘snake’ label July 12, 2022 Former government minister and Tory heavyweight Michael Gove has denied that he is a “snake” after being described as such by No 10 sources after being sacked as communities secretary by Boris Johnson last week. The Prime Minister dramatically fired Gove last Wednesday after his Cabinet rival told him that it was time for him [...]
Thick black smoke seen over central London as 125 firefighters tackle blazing fire at Trafalgar Square pub July 12, 2022 Firefighters have been tackling a blaze in the basement of a pub near Trafalgar Square in London on Tuesday evening, with thick black smoke seen stretching over the centre of the capital. The London Fire Brigade confirmed on social media that 20 fire engines and around 125 firefighters are still dealing with the blaze. Around [...]
First judges to new patent court appointed: How will Europe’s new one-stop shop for IP impact the UK? July 12, 2022 Europe’s new one-stop shop for IP enforcement – the Unified Patent Court – has taken a major step forward as 90 new judges began to be informed that their applications to sit on the court have been successful. The Administrative Committee of the Unified Patent Court received over 1,000 applications from judges across Europe. Of [...]
ECB president Christine Lagarde gets fake text messages from former German chancellor Angela Merkel July 12, 2022 The European Central Bank revealed this afternoon that its president Christine Lagarde was targeted in an attempted cyberattack but no information was compromised. The attempt took place “recently”, the Frankfurt-based central bank for the 19 countries that use the euro said in an emailed response to a query about a report by Business Insider. The [...]
