Sideways movement in crypto markets continues as investors sweat over today’s interest rate announcement November 2, 2022 Most cryptocurrencies continue to trade sideways this morning, as Bitcoin remains unchanged around $20,415 and Ethereum at $1,550.
The City is a green machine but ESG claims must be scrutinised properly November 2, 2022 Greenwashing, virtue-signalling and corporate guff are setting back the City’s environmental agenda Is it pro-bird? Is it anti-plane? Or is it just a bubble? That’s the question that many in the City have been asking themselves over the past few months about those three little words: environmental, social, and governance. The rise of ESG was [...]
Rishi Sunak WILL attend COP27 after all November 2, 2022 Prime minister Rishi Sunak has confirmed he will attend the COP27 conference in Egypt. In a tweet sent this morning, he said he would be at the climate conference in Sharm El Sheikh, after much speculation as to whether he would travel. Initially he said he wouldn’t because he needed to focus on domestic commitments, [...]
Explainer-in-brief: The Black Sea grain deal is in jeopardy after Russia’s exit November 2, 2022 Three more vessels carrying grain left Ukraine yesterday – despite Russia’s withdrawal from the deal that was allowing stocks to leave through the Black Sea. Russia has exited the deal claiming Ukraine is using the safe corridor to attack its ships. Ukraine, the UN and Turkey are left with coordinating new shipments, in the hope [...]
Metro Bank, NatWest and Hospitality UK among top employers to back fertility pledge November 2, 2022 Metro Bank, NatWest, the Co-op, Channel 4, and UK Hospitality are among major employers backing a pledge to help millions going through fertility treatment. A new campaign launched today in Parliament by the MP for Cities of London and Westminster, Nickie Aiken, hopes to support more than 3.5m people who can’t conceive naturally. The Fertility [...]
Metro Bank shares soar as lender returns to profit November 2, 2022 Metro Bank’s shares soared this morning, after the London-listed lender announced it had returned to profit in September. Investors piled into the stock, lifting shares a little over 10 per cent to 80.1p a piece. “I am really pleased to see the business return to profit in September on both an underlying and statutory basis,” [...]
Sainsbury’s adds 18,000 Christmas jobs in hiring spree November 2, 2022 Supermarket giant Sainsbury’s has announced plans to hire 18,000 seasonal staff this year. The hiring spree includes 15,000 roles at Sainsbury’s, 2,000 at Argos and 1,000 in logistics. Temporary staff will work up until 7 January 2023 with roles including fixed term contracts of between three and 12 weeks. It comes as supermarkets are battling [...]
Smurfit Kappa packages up revenue growth as it offloads cost inflation to customers November 2, 2022 Smurfit Kappa posted growth in revenue and profit for the first nine months of 2022 as it offloads higher prices onto customers. The packaging firm saw revenue jump 33 per cent to €9.72bn, while EBITDA grew by 43 per cent to €1.76bn. Smurfit Kappa chief Tony Smurfit said the company had recovered significant cost inflation [...]
Wizz Air’s losses widen as soaring fuel prices hit low-cost carrier’s profitability November 2, 2022 Hungarian airline Wizz Air today said soaring fuel prices had caused its losses to more than triple over the previous year. The budget airline said surging commodity prices and an unfavourable exchange rate had seen the price it pays for jet fuel double, as it posed losses of €384.4m (£330.6m) for the second quarter of [...]
Flying high: Ryanair breaks another monthly record with 15.7m passengers in October November 2, 2022 Ryanair has broken yet another monthly record, with 15.7 million passengers flying during the month of October. These figures were a record high for the budget airline, who said they were up 14 per cent on pre-COVID levels. The Irish firm has continued to post a steady incline in passenger numbers, with the last few [...]
