Opinion-in-brief: Putin scrambles to salvage war campaign replacing spies May 11, 2022 Vladimir Putin has replaced Russia’s main spy agency – the Federal Security Service (FSB) – with military intelligence chiefs who will now oversee intelligence operations in Ukraine. The individuals appointed are part of the GRU, the service allegedly behind the Salisbury poisonings in 2018, and heavily involved in operations in the Donbas and in Syria. [...]
Compass shares jump 11 per cent on revenue forecast hike May 11, 2022 International catering firm Compass has lifted revenue guidance after profit more than doubled in the first half of the year.
Michael Gove: There won’t be an emergency budget to tackle the cost of living crisis May 11, 2022 Levelling Up Secretary Michael Gove has insisted there will not be an emergency budget to deal with the cost of living crisis. The minister made his comments on Sky News this morning after the prime minister told the Commons yesterday, that Rishi Sunak would be “saying more” on the UK’s response to rising inflation and [...]
Ten Lifestyle posts loss due to higher costs and Omicron May 11, 2022 Travel concierge firm Ten Lifestyle has posted a 47 per cent slump in its earnings as a result of higher costs and the Omicron variant’s impact. In the six months ended 28 February, the group’s EBITDA went down £1.7m to £0.9m, while its cash and equivalents slumped to £5.1m. According to chief executive Alex Cheatle, [...]
1 Minute Market Rundown – 11th May 2022 May 11, 2022 Trade the ExtremesTerra/LUNA Still Under Significant PressureUSD Remains Elevated Wall Street advanced yesterday giving the markets some much needed respite from the relentless pressure it has been under of late. Asian stocks followed suit as data highlighted that the number of covid cases in China were in decline. There were a couple of FED officials [...]
TUI to reap profits in 2022 following summer travel boom May 11, 2022 TUI expects to become once again profitable in 2022 due to the expected boom in summer travel demand. In the second quarter of FY22, the holiday group’s losses before interest and taxes narrowed to €329.9m, down 47.8 per cent on the same time last year, while group revenues went up 9.5 per cent to €2.1bn, [...]
Aviva chair hits back at shareholders following ‘inappropriate’ comments at AGM May 11, 2022 The chair of Aviva has said he was left “flabbergasted” by a barrage of “inappropriate” comments targeted towards female board members at Aviva’s annual general meeting (AGM) this week. The Aviva chair hit out at shareholders, after investors subjected female company executives, including Aviva chief Amanda Blanc, to a barrage of sexist comments on Monday, [...]
Marshalls posts record revenues as £535m Marley Group takeover reaps benefits May 11, 2022 Landscaping firm Marshalls has posted record revenues while its £535m takeover of Marley Group continues to reap the benefits. In the first four months of 2022, Marshalls’ group revenue went up 7 per cent to £201m, with £137m of public sector and commercial sales accounting for 68 per cent of the group”s total. The group’s [...]
Virgin Media O2 says investors on track to receive £1.6bn payout in 2022 May 11, 2022 British telecoms giant Virgin Media O2 confirmed it is on track to fork out £1.6bn to its shareholders this year.
City giant Brewin Dolphin posts £1.9bn fund inflows amid market volatility May 11, 2022 City giant Brewin Dolphin notched up £1.9bn inflows in the first half of the year as it bucked the investor jitters sparked by soaring inflation and war in Ukraine. In the six months to 31 March, the asset manager saw total income jump 4.8 per cent year-on-year to £209.5m, as profits were boosted to £48.1m, [...]
