Russia’s Gazprombank requests $288m repayment from gold producer Petropavlovsk April 20, 2022 Russian gold producer Petropavlovsk has received a request from Gazprombank for an immediate repayment of $288.1m. Gazprombank, which has been heavily sanctioned by the UK government amid the war in Ukraine, has demanded repayment of some $201m for a term loan. The company has also requested repayment of approximately $87.1m, due under the group’s Russian [...]
Toasting to success: Naked Wines sees lifted sales as loyal customers return to purchase drinks April 20, 2022 Online wine seller Naked Wines has raised a glass to results in-line with expectations after crediting high levels of returning customers. In an update for the fiscal year ended 28 March, the Norwich-based retailer said performance was in-line with expectations. Trading was driven by repeat customer sales, strong retention and demand from existing members, the [...]
Wood Group hit by sliding revenue as it wrestles with ongoing pandemic impacts April 20, 2022 Wood Group’s revenue has slipped over the past year, as its wrestled with the ongoing impacts of the pandemic, as well as geopolitical and inflationary headwinds. The industrials group, which specialises in engineering and consulting, had its revenue slide 15.4 per cent to $6.4bn, down from $7.5bn in 2020. Though the Aberdeen-headquartered group swung from [...]
Petra Diamonds posts sparkling revenue as demand and price surge April 20, 2022 Revenue was up 33 per cent to $140.6m for Petra Diamonds, as the price of diamonds spike by over 30 per cent from 2021.
Synectics: Trade ahead of expectations thanks to UK contracts including National Grid April 20, 2022 Surveillance systems maker Synectics said trading in the first quarter was slightly ahead of its board’s expectations. Synectics chairman David Coghlan put a good performance down to “an improved contribution from public space and infrastructure security systems in the UK, including the National Grid contract.” The Sheffield-based company won a five-year contract to provide surveillance [...]
Scandal-hit Rio Tinto suffers heavy drop in iron ore shipments April 20, 2022 Rio Tinto has hiked its production guidance on all fronts for this year, after wrestling with Covid-19 and its lingering controversy.
Just Eat slashes profit guidance for year and mulls sale of Grubhub April 20, 2022 Just Eat has said it has lowered its profit guidance for the year and is mulling the sale of its US arm Grubhub. The delivery service said that “management is currently, together with its advisers, actively exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub.” “There can be [...]
Netflix shares tumble as streaming giant loses 200k subscribers April 20, 2022 Netflix reported a loss in subscribers for the first time, down 200,000 subscribers, citing inflation, emerging competition from the likes of Disney+ and Amazon, as well as the Ukraine war as contributing factors.
Horses four courses: Top chefs jockey for top spot at Royal Ascot April 20, 2022 Forget horses and hats – it’s the food that keeps us coming back to Ascot year after year. At this year’s event, which kicks off on 14 June, six of the London food circuit’s hottest chefs have been enlisted to create a roster of tastings and meals especially for the event. Boasting more Michelin stars [...]
Watching movies gets green light, but ban on mobiles remains, as Highway Code updated for self-driving cars April 20, 2022 Drivers will be able to watch movies at the wheel of a driverless car, but the ban on using your mobile remains, as The Highway Code is set to be updated. Under the proposed changes put forward by the Department for Transport, users of driverless vehicles will not be responsible for crashes but instead the [...]
