New Piccadilly line and DLR trains are next big thing for TfL October 27, 2022 TfL’s interim commissioner Andy Lord has announced that new trains on the Piccadilly line and DLR are the network’s next big project. The commissioner stepped in on Tuesday following Andy Byford’s departure after two years at the public body’s helm. Lord told the Evening Standard TfL needs to move forward with the tube network’s modernisation, [...]
Explainer-in-brief: Ben Wallace and his hardline for defence spending October 27, 2022 Ben Wallace is one of the few faces in Rishi Sunak’s cabinet who hasn’t been doing a kind of hokey-poke between his department and the back benches. The Defence Secretary has significant political pull as a result of his handling of the war in Ukraine and has consistently tried to stay above the internal turmoil [...]
ITM Power shares nosedive after manufacturing issues hit revenues October 27, 2022 Shares in ITM Power have dropped nearly 25 per cent on the London Stock Exchange, after a disappointing revenue update.
Fracking fury: Industry body hammers Sunak after shale gas U-turn October 27, 2022 UKOOG has expressed its fury with Prime Minister Rishi Sunak's apparent decision to re-impose the ban on fracking.
Meta struggles: Facebook, Instagram and WhatsApp owner’s profits halved October 27, 2022 Owner of Facebook, Instagram and WhatsApp, Meta, reported a fall in its revenue for the third quarter driven by plummeting ad revenue. The social media giant’s intake was four per cent down on last year’s third quarter, from £29bn to £27bn, while its costs and expenses were up almost 20 per cent. Income was down [...]
Renishaw profits dip as orders begin to slow October 27, 2022 Manufacturing tech firm Renishaw said its profits had slid in the past quarter as it braces for a rise in costs and a slowdown in orders over the next three months.
Gender pay gap grows in past year but is – slowly – falling in the longer term October 27, 2022 The gender pay gap has grown over the past year as inflation sweeps the UK, but a longer-term trend reveals that the figure is – albeit slowly – declining. The difference in pay between men and women stood at 8.3 per cent in April of this year, up from 7.7 per cent in the same month a year prior, according to [...]
Foxtons’ shares up almost 13 per cent after revenue spikes by a quarter on last year October 27, 2022 Estate agent Foxtons’ shares were up almost 13 per cent after it reported a 25 per cent spike in revenue in the third quarter compared to 2021. Its overall intake was at £43.8m for three months to September compared to £35.1m last year in the same period. Following its reported results, Foxtons shares went up [...]
Purplebricks hires Pentland Brands director as new CFO October 27, 2022 Purplebricks has appointed Dominique Highfield as its chief financial officer, who joins from Pentland Brands.
Made scraps hunt for a buyer as sofa seller nears collapse October 27, 2022 Ailing Made.com has said it has cut short its hunt for a buyer, as the homeware firm teeters on the brink of collapse. In an update to the London Stock Exchange on Thursday morning, the furniture retailer said there was “no reasonable prospect” of an offer. Shoppers have been pulling back from spending on big [...]
