Naked Wines promotes MD to be executive director and CFO December 7, 2022 Naked Wines has promoted one of its top execs to be its new CFO and executive director. James Crawford, who spent 14 years at Diageo, will take over the role after having served as interim CFO and managing director since the summer. He will take over the top jobs effective immediately having been with the [...]
Cryptocurrency prices marching in step with equity markets December 7, 2022 The price of Bitcoin, at $16,765, is trading down 1.5% in the last day, while Ethereum has shed 2.39% off its price.
‘Profiteering’ Home REIT to be sued over misleading investor information December 7, 2022 Beleaguered property investor Home REIT has been hit by a lawsuit from investors today amid claims it is “profiteering from the housing crisis” and used misleading information to raise cash. The social housing-focused firm has been hammered by a slew of claims from short sellers in the past two weeks over the quality of charity [...]
Koinly lays off staff and prepares to close London office as ‘crypto winter’ bites December 7, 2022 Bosses at crypto tax reporting platform Koinly say they are already letting staff go and will be shutting down the London office in the new year.
Tube trips in shopping hotspots hit one million as people fall for Christmas frenzy December 7, 2022 Trips on the tube to key shopping centres have reached pre-pandemic levels, as the Elizabeth Line and Christmas rush boosts retail. More than one million entries and exits were recorded on 3 December at stations such as Oxford Circus, Knightsbridge and High Street Kensington, figures published today by Transport for London (TfL) showed. Tottenham Court [...]
CMA provisionally clears Mitie and PAE over Heathrow and detention centre contracts December 7, 2022 The markets regulator has closed an investigation into alleged anti-competitive behaviour over procurement contracts for Heathrow and an immigration centre. In an update published on Wednesday, the Competitions and Markets Authority (CMA) said it would close the probe into the conduct of Mitie and PAE launched in March. The two firms were responsible for on-going [...]
Explainer-in-brief: Who has time for farmers anyway? Not Grant Shapps December 7, 2022 Farmers aren’t always happy with the treatment they receive from government, and it’s fair to say they’re often not among the glossier industries that get prioritised in policy-making. This time though, they are annoyed at someone in particular. Grant Shapps, the business secretary, has apparently told leaders at the National Farmers’ Union (NFU) that “there [...]
‘They had their chance and walked away,’ Octopus boss slams rivals in Bulb battle December 7, 2022 Octopus Energy has hit back at rival firms challenging its takeover of Bulb amid a protracted legal battle over the fallen supplier's future.
Stagecoach revenue grows by £100m in 12 months but fuel costs eat into profits December 7, 2022 Stagecoach’s revenue has jumped by nearly £100m in the past 12-months, but profits have taken a hit as fuel costs spike. The bus operator pocketed nearly £670m in the six months to the end of October, up from around £580m in the same period a year ago. However, operating and pre-tax profits have taken a [...]
Quiz swings to profit as it heads into Christmas party dress season December 7, 2022 Fashion retailer Quiz has continued to bounce back after a torrid lockdown, swinging back into the black in the first-half of the year. The retailer – which operates 62 stores in the UK and an e-commerce platform – posted a £1.8m profit before tax, for the six months to 30 September. It had suffered a [...]
