It would be ‘silly’ to provide households with more support before price cap update, says Rishi Sunak April 28, 2022 Chancellor Rishi Sunak plays down the prospect of immediate support for households despite mounting pressure on consumers.
Volvo beats analysts’ expectations due to strong demand April 28, 2022 Volvo has beaten analysts’ predictions as a result of strong demand and supply chain issues improving, the automotive maker announced today. In the first quarter of 2022, Volvo’s profits slumped by 40 per cent, going down to 6bn Swedish crowns (£488.9m) from 8.4bn a year earlier. Nevertheless, earnings beat the 4.13bn expected by analysts polled [...]
Businesses splash £5bn on London offices as overseas firms eye UK capital April 28, 2022 Businesses have splashed £5bn on office assets in London in the first few months of this year – the highest level of investment since 2018, commercial real estate services firm Avison Young has revealed. The figure is more than double the amount spent in the same quarter last year, buoyed by recent high-value deals. The [...]
IMAX chief banks £7m compensation as cinema makes steady recovery April 28, 2022 IMAX chief Richard Gelfond received $9m (£7m) compensation last year, up from $6.9m (£5.5m), as the cinema backs its experiential offering.
UK delays Brexit checks on EU imports for a third time April 28, 2022 The UK has delayed post-Brexit checks on EU food imports for a third time, with the new red tape now set to come in at the end of 2023. Brexit opportunities minister Jacob Rees-Mogg made the announcement today, saying it was not the right time to introduce more checks while the Ukraine war was already [...]
CoinShares’ donation to Ukrainian relief effort raised with Bitcoin April 28, 2022 Long-standing digital asset investment firm CoinShares has handed €19,200 raised with Bitcoin donations to the Ukrainian relief effort.
Elon Musk loses bid to lift screening of tweets about Tesla April 28, 2022 The world’s richest man, Elon Musk, has lost a bid to lift a screening process on his tweets about Tesla. The new owner of Twitter had agreed for his social media posts to be looked at by a lawyer in 2018, and sought to remove the oversight. The entrepreneur, who recently said the electric car [...]
Pernod Ricard cautions ‘softer’ fourth quarter as China hit by Covid lockdowns April 28, 2022 Absolut vodka maker Pernod Ricard has warned it faces a softer fourth quarter against a backdrop of Covid restrictions in China. The spirits firm’s chief financial officer said it was anticipating “an impact” from Covid restrictions during the fourth quarter. “March was very impacted by the start of Covid restrictions,” Helene de Tissot told the [...]
Hidden expenses: Londoners shoulder extra costs in all-inclusive rent bills April 28, 2022 Londoners are unknowingly shouldering extra costs by opting for more convenient bills-inclusive rental arrangements, new data has found, as landlords seek to buffer spiralling energy prices. The hidden cost of all-inclusive rent could be as much as £700 for those renting in the capital, according to London rental platform Rentd. The average cost of renting [...]
Russia using trained bottlenose dolphins to protect its Black Sea fleet April 28, 2022 Russia is using bottlenose dolphins to stop its warships from being sabotaged. New satellite images analysed by the US Naval Institute show dolphin pens in the occupied Black Sea port of Sevastopol. The animals have been trained to detect mines and warn of hostile scuba diving soldiers, known as frogmen. This comes after the Kremlin’s [...]
