Explainer-in-brief: Breaking the Odessa deadlock August 2, 2022 Yesterday the first container ship filled with grain left Ukraine after months of impasse. It was a huge breakthrough, enabled by a deal brokered by Turkey and the United Nations. The cargo ship was loaded with 26,000 tonnes of corn. It left Odessa, a Black Sea port that’s been blocked since the beginning of the [...]
Ultra-high energy bills are here to stay, warns Cornwall Insight August 2, 2022 Household energy bills will remain historically elevated into 2024, revealed Cornwall Insight, meaning Brits will be under sustained pressure.
Domino’s Pizza UK franchisee posts subdued profit amid inflationary crunch August 2, 2022 Domino’s Pizza has taken a hit to pre-tax profit in the first half of the year thanks to the heightened costs of food. The London-listed company posted profit of £50.9m for the six months to 26 June, a 16 per cent drop in profit versus the previous year. The firm said it began passing on [...]
Fresnillo reports lower revenues as gold volumes fall and Covid’s impact lingers August 2, 2022 Fresnillo reported lower revenues for the first half of 2022 due to the drop in gold volumes and silver prices, with Covid’s impacts still a concern. The Mexican metals mining company reported adjusted revenues of $1.35bn, a drop of 12.6 per cent as volumes and prices of precious metals that the company mines declined. The [...]
Sage revenues jump as firms plough cash into cloud August 2, 2022 Software giant Sage Group said revenues had jumped to £1.3bn today as firms continue to plough cash into digital transformation projects sparked by the pandemic.
Purple Bricks looks for recovery after bruising financial year with big losses and revenue drop August 2, 2022 Estate agency Purple Bricks has set out a recovery plan following a bruising financial year, with instructions, profit and revenue all way down on 2021. The tech-led housing group suffered due to a mixture of supply chain problems as a turbulent property market, and “a year of transformation”. It registered a loss of £42m in [...]
Keller Group builds record profits despite inflationary headwinds August 2, 2022 Keller Group have reported record earnings for the first six months of trading this year, despite inflationary pressures and supply chain disruptions.
Bunzl snaps up Aussie warehousing firm in flurry of acquisitions August 2, 2022 London-listed distribution firm Bunzl said it was poised to snap up four new firms today as it readies an expansion into the warehousing solutions space.
Direct Line Insurance reports lower profit amid rising inflation and uncertain economic conditions August 2, 2022 Direct Line Insurance Group reported lower profits for the first half of 2022 as rising inflation and a gloomy market outlook impacted performance. The insurance company had a 47 per cent drop in operating profit to £195.5m from the first half of 2021 as it dealt with “challenging” market conditions and tighter FCA regulations. Profit [...]
Biffa extends takeover deadline as bosses set aside £20m to settle tax bill August 2, 2022 Waste management firm Biffa reported a jump in revenues to £1.44bn in its full year of trading today as it narrowed pre-tax losses following a difficult pandemic year.
