CMA provisionally clears cyber firm NortonLifeLock’s £7bn bid for Avast August 3, 2022 The competition regulator has provisionally cleared cybersecurity firm NortonLifeLock's $8.6bn (£7.1bn) deal to snap up Avast.
Starbucks posts record quarterly sales while Chinese stores feel Covid side effects August 3, 2022 Starbucks shares were elevated on Wednesday after the coffee chain posted record quarterly revenue. However, the US giant said its bottom line had been impacted by inflationary cost pressures and higher wages. It surpasses sales expectations, posting third quarter sales topping $8.2bn, ahead of analysts’ bets of $8.1bn. Roaring sales in the chain’s largest market [...]
London City Airport to reach 3 million passenger mark as numbers soar August 3, 2022 London City is on track to reach the 3 million passenger mark at the end of the year as numbers continue to soar. The Newham airport announced today that 640,000 passengers travelled through its gates in June and July while August forecasts expect another 300,000. “We have made a conscious effort with our airlines to [...]
Scorching inflation hits eurozone retail sales in sign of looming recession August 3, 2022 Surging inflation eroding Europeans’ living standards is squeezing spending in the bloc, reveal new figures published today. Retail sales dropped 1.2 per cent in the 19 countries that use the euro in June, down from a 0.4 per cent rise in May, Eurostat said. The drop, which was worse than analysts’ forecasts, means retail sales [...]
Investors pour over £160m into UK lithium battery maker in EV boom August 3, 2022 Investors have poured $220m (£164m) into UK-based lithium battery maker Nexeon, as the electric vehicle boom boosts the value of the in-demand power source. The funding will be used to accelerate the company’s manufacturing capabilities, as it seeks to mass produces “tens of thousands of metric tonnes” of its products, which are critical in rechargeable [...]
Genesis GV60 review: let there be bright August 3, 2022 Tim Pitt drives the Genesis GV60, an upmarket electric SUV that rivals the Nissan Ariya, Tesla Model Y and Ford Mustang Mach-E.
Solana ecosystem attacked in multimillion pound hack August 3, 2022 Solana suffered a major hack which led to more than $5.2m (£4.3m) in funds stolen and around 8000 wallets hit. The crypto ecosystem was attacked on Tuesday, apparently from a flaw in certain wallet software instead of the Solana blockchain itself, blockchain analytics company Elliptic said. The exact cause is not clear yet. “Engineers from [...]
Rolls-Royce gets green light to wrap up £1.5bn sale of Spanish engines firm August 3, 2022 Rolls-Royce has been given the green light from the Spanish government to sell its Spanish engine manufacturing business for £1.5bn. The sale of Basque-based ITP Aero, to a consortium of investors, forms part of a string of disposals since 2020. The London-listed engineering giant announced during the height of the pandemic that it sought to [...]
TfL tells union financial recovery at risk if Tube strikes go ahead August 3, 2022 Transport for London (TfL) has called on the union RMT to cancel the Tube strike on 19 August as walking out will only increase the public body’s financial risks. “I need to be really clear with you, that taking further industrial action at this time will do nothing but undermine our negotiations with government and [...]
UK is ‘card fraud capital of Europe’, warns top think tank August 3, 2022 The UK is the 'card fraud capital of Europe' with Brits falling foul of scammers at a higher rate and bigger cost than any other country, a top think tank warned today.
