Spotify defies market subscriber slump as users climb for streaming giant July 27, 2022 Spotify appears to have defied the subscriber downturn seen by many tech firms, posting a 14 per cent jump in paying subscribers in its second-quarter results.
Leadenhall Street reopens after midnight brawl leaves two hospitalised, one arrested and area cordoned off July 27, 2022 Leadenhall Street in the heart of the City has reopened after a midnight brawl forced the police to cordon off the area up until midday. Two people were taken to hospital following the altercation, according to the City of London Police, with one person arrested on suspicion of affray. After announcing its closure early on [...]
Mining firms dish out dividends as UK shareholders pocket £37bn July 27, 2022 UK shareholders revelled in £37bn worth of dividends in the second quarter of the year as mining firms, banks and oil giants put bumper profits back in the pockets of investors.
McDonald’s hikes price of cheeseburger for first time in over 14 years July 27, 2022 McDonald’s has announced it is raising the price of its signature cheeseburger for the first time in 14 years, as cost increases continue to bite consumers and businesses. In a note to fast-food fans, the US titan said that “today’s pressures mean, like many, we’re having to make some tough choices about our prices.” It [...]
Former Everton FC director among new Russian sanctions: Officials with ties to ‘republics’ of Donetsk and Luhansk targeted July 27, 2022 A former director of Everton FC is among new UK sanctions on Russian officials, as the foreign office targets officials with links to the puppet administrations of the ‘Donetsk and Luhansk People’s Republics’ . Among those hit are Vitaly Khotsenko and Vladislav Kuznetsov, the Russian-imposed leaders of the so-called republics, in addition to Sanjar Ismailov, nephew of [...]
Lloyds profits top City’s expectation on higher interest rates July 27, 2022 Higher interest rates have lifted Britain’s largest mortgage lender Lloyds’s profits above the City’s expectations. Net interest income, the difference between what a bank charges borrowers and pays depositors, surged 13 per cent over the first six months of the year to £6.1n, Lloyds said today. That boost hoisted the lender’s pre-tax profits to £3.66bn, [...]
Freshfields outstrips Magic Circle rivals with record partner payouts of more than £2m July 27, 2022 The sums paid out to partners at Freshfields Bruckhaus Deringer have surged to record highs of more than £2m, after the Magic Circle law firm’s revenues jumped 10 per cent year on year. The centuries old law firm saw its profits increase for the sixth year in a row, after revenues surged to heights of [...]
Hargreaves Services revenue tumbles £27m after exiting coal industry July 27, 2022 Industrial services group Hargreaves has had its revenue tumble by nearly £27m in the year after it exited the coal industry. The London-listed group recorded £177.9m in revenue for the 12-months to 31 May, down from £204.8m in 2021. However, the group’s earnings per share have more than doubled, signalling the investor appetite for more [...]
Wizz Air cancels 10 per cent of flights as airline battles ongoing travel chaos July 27, 2022 Wizz Air has announced it will cut additional flights from its summer schedule in a bid to combat the ongoing travel chaos. Chief executive Jozsef Varadi said that cancellations will amount to 10 per cent of summer flights, up from the 5 per cent announced on 11 July. “We’ve been going through some real pain [...]
Labour shadow transport minister defies party and joins striking train workers July 27, 2022 Labour’s shadow minister for buses and local transport has defied Keir Starmer’s orders not to join picket lines for striking workers. Sam Tarry justified his decision speaking on Good Morning Britain this morning, saying: “If we don’t make a stand today, people’s lives could be lost.” This comes after Labour leader Sir Keir Starmer, who [...]
