Covid-19 test supplier Abingdon suffers heavy losses amid stock price crash November 24, 2022 Abingdon Health, one of the UK’s major suppliers of Covid-19 lateral flow kits, has suffered heavy losses as the pandemic retreats out of the country. The London-listed diagnostic test provider had its revenue plunge to £2.8m in the year to the end of June, from £11.6m in the same period a year prior. Losses swelled [...]
B&Q owner says DIY sales driven by household energy concerns as profit forecast trimmed November 24, 2022 Kingfisher has seen customers forking out to improve their household energy efficiency, as the B&Q owner shaved its full-year profit outlook. In a trading update for the third quarter, the retail titan posted sales of £3.3bn, a 0.2 per cent boost on the previous year. The Screwfix owner previously reaped the rewards of a pandemic [...]
Jet2 recovers from covid and summer travel chaos with 730 per cent revenue boom November 24, 2022 Low cost leisure airline Jet2 had a whopping 730 per cent rise in revenue and booming profits of more than £350m as Brits flock on holiday post-pandemic. The listed firm announced strong half-year results up until the end of September, with profit before foreign exchange valuation up to £505m, following a £195m loss in 2021. [...]
eBay UK chief slams Royal Mail strikes for impact on small businesses November 24, 2022 Ebay’s UK chief has slammed posties’ strike action, saying small businesses are being caught in a “crosshairs at the very time they most need support”. Writing in City A.M., Murray Lambell said smaller e-commerce firms were the “lifeblood” of the economy and must be protected during this festive season. “The last two festive trading periods [...]
Feeling the chill: Hospitality bosses fear energy firms are profiteering in a crisis November 24, 2022 Hospitality bosses have accused suppliers of “deliberately profiteering” of the energy crisis, writes City A.M.
Why better business planning can help us save the world November 24, 2022 The recent COP27 summit in Egypt has further reinforced the urgency of the climate threat. As countries, as organisations, and as individuals, we need to do far more to combat climate change, and act much faster than we’re acting today. I believe that finance professionals can play a crucial role in the collective effort to [...]
It could be said the EU was never going to offer Britain a Switzerland-style deal November 24, 2022 It is often said that Britain is a nation divided by our relationship with Europe, but British people are in fact united in their disinterest as to how the European Union works. To most it will always come across as a byzantine mixture of commissions, councils, and competencies presided over by a rather grey cadre [...]
Royal Mail strikes will crush retail and small businesses when we need them to grow November 24, 2022 The UK boasts one of the world’s most sophisticated ecommerce economies, with small businesses thriving by scaling up their retail operations online. But more than four decades on from the Winter of Discontent, industrial action risks destabilising this flourishing online economy. We understand the challenges that workers are facing during these unprecedented times, with higher [...]
Black Friday will have a black mark to its name if it ignores the climate question November 24, 2022 If you are walking past a colleague’s desk tomorrow, and their screen is full, not of the task due yesterday, but of Black Friday sales, they are one of the 76 per cent of customers hunting for discount deals. For some, the day of mega sales can be traced back to a Wall Street stock [...]
Letters: Time to regulate cryptocurrencies November 24, 2022 [Re: Bitcoin tumbles below £13,500 as FTX turmoil continues, Nov 21] The collapse and ensuing investigation of FTX has cast a spotlight on the cryptocurrency ecosystem, sparking a wider public discourse on whether decentralised finance has a future role to play. While not downplaying the impact this collapse will continue to have on the crypto [...]
