JD Wetherspoon shareholders await impact of cost of living on budget pub chain’s pint sales July 10, 2022 Investors will be eager to see if the cost of living crisis has made any dent to JD Wetherspoon sales in the budget pub chain’s quarterly update this week. Analysts said a wider downturn in consumer spending could be mitigated by the chain’s cheaper prices enticing drinkers but thin margins risked a gloomy verdict. The [...]
West End: Capco, Shaftesbury bosses to receive millions in shares after merger July 10, 2022 Top bosses at Covent Garden estate owner Capital & Counties Properties (Capco) and Shaftesbury will be awarded millions in shares after the merger between the two companies is completed. Capco’s top brass will receive shares amounting to £7.4 million while Shaftesbury’s senior executives will receive shares worth £5.3 million. The £3.5bn merger will see the [...]
Revolut executive resigns amid growing tensions with regulator July 10, 2022 One of Revolut’s top regulatory chiefs has stepped down from her role just weeks after boss Nikolay Storonsky criticised the Financial Conduct Authority for its sluggish progress on the firm’s banking licence application.
Depleted chickpea crops across world as prices of hummus products surge this year July 10, 2022 Hummus lovers may be forced to cough up more for their favourite snack as global chickpea supplies are set to be depleted this year, amid the war in Ukraine. Poor weather and the war between Russia and Ukraine has dealt a blow to farmers growing the protein. Chickpea supplies could be down some 20 per [...]
Week ahead: City eyes new economy figures and Bank governor Bailey comments July 10, 2022 The City will turn its gaze to fresh GDP figures published this week for signs that the UK is already in the teeth of a recession in a busy week of data announcements. London’s premier FTSE 100 index shook off the turmoil in Downing Street to climb 0.38 per cent and finish the week at [...]
Tory latest: Javid and Hunt promise tax cuts as Shapps defends decision not to resign from Boris cabinet July 10, 2022 Press Association Sajid Javid has said his tax-cutting plans would cost around £39 billion per year, but this did not include slashing fuel duty further in the short-term. The Tory leadership candidate said he does not “believe in unfunded tax cuts”, adding: “I will be setting out in the next few days a scorecard which [...]
Chancellor Nadhim Zahawi becomes latest bidder in Tory leadership race July 10, 2022 Newly-appointed Chancellor Nadhim Zahawi has become the latest bidder in the Tory leadership race. Zahawi has now thrown his hat in the ring, joining the likes of former Chancellor Rishi Sunak as well as transport secretary Grant Shapps – who made his bid earlier today – and Attorney General Suella Braverman. The former education secretary [...]
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]
Transport secretary Grant Shapps launches Tory leadership bid July 9, 2022 Transport secretary Grant Shapps has launched his bid for the Tory leadership. “It is easy to criticise Boris after keeping one’s head down for years while being happy to benefit from his patronage,” he told the Sunday Times. “I am glad that I did not do that. “I have not spent the last few turbulent [...]
Half of Brits in favour of scrapping HS2 July 9, 2022 Half of Britons are in favour of scrapping the HS2 project as costs continue to mount. Around 52 per cent of those who voted Conservatives in the 2019 election are against the project, compared with 17 per cent who think the high-speed rail from London to the Midlands should go ahead, the Telegraph first reported. [...]
