Despite heatwave and wildfires Michael Gove insists Greece is still safe: ‘I’m due to go on holiday there in a week’ July 25, 2023 Housing Secretary Michael Gove said he plans to holiday on a Greek island as he insisted the region is safe for holidaymakers despite fire concerns. He denied to Times Radio that the Foreign Office has taken too relaxed an approach by not issuing advice not to go. “In fact I’m due to go on holiday, [...]
Decision due in appeal by Dyson firms over broadcast reference in libel case July 25, 2023 Two Dyson companies are due to find out if they have won a Court of Appeal bid over a judge’s ruling about whether a broadcast that alleged the exploitation of factory workers referred to the firms. Dyson Technology Limited and Dyson Limited, along with Sir James Dyson himself, sued Channel 4 and Independent Television News [...]
Betting company 888 appoints Per Widerström as boss July 25, 2023 William Hill owner 888 has appointed Per Widerström as chief executive, six months after its former boss stepped down amid a money laundering probe at the gambling giant. Widerström will take the helm from October 16, the company announced, with the news prompting shares to spike just over 4 per cent. It comes after the [...]
Unilever: New boss promises step-change after ‘flat volumes’ in half-year results July 25, 2023 Unilever made a modest profit in the first half of the year with turnover reaching €30.4bn (£26.2), as it was driven by sales in its personal care and beauty market.
Amazon Warhammer deal spurs Games Workshop to record £170m profit July 25, 2023 Warhammer-maker Games Workshop saw bumper profits this morning as it benefitted from a major December deal with Amazon to turn its popular wargame into a TV series. Profits rose from £156m to £170.6m for the year ending in May, which the firm said was the highest it had “generated since flotation 29 years ago.” Revenues, [...]
Share buyback on the way at Wickes as it puts post-pandemic lull behind it July 25, 2023 An “encouraging” first half of the year for home improvement retailer Wickes has led the company to launch a share buyback scheme The DIY and garden centre firm reported sales growth of three per cent in the second quarter of the year, and 0.7 per cent in the first half overall. Following its positive results [...]
Italian banking giant Mediobanca backs London with £10.4m investment in startups July 25, 2023 One of Italy’s largest investment banks Mediobanca has committed €12m (£10.4m) to a joint venture with early stage investor Founders Factory to help scale fintech startups. The joint venture will build and invest in 35 fintech businesses over the next five years. Mediobanca’s investment will help underpin a new fintech venture studio accelerator, enabling innovation [...]
Utilita boss: We’ve got ‘no faith’ in Ofgem’s ability to manage the market July 25, 2023 The price cap is still "the biggest single risk to supplier profitability," warned Utilita boss Bill Bullen, as he called for more household support.
UK recession risk just got a whole lot lower after inflation undershoot July 25, 2023 From the Bank of England to recession warnings, Jack Barnett gets under the skin of Britain’s economy in his weekly column Bank of England Governor Andrew Bailey would not have been the only person in the City last week breathing a sigh of relief after the better than expected inflation numbers. It was the first [...]
A housebuilding revolution has many advantages – growth being one July 25, 2023 Go to tech conferences, and much of the buzz revolves around ‘Web 3.0,’ a catch-all term for the future of the internet that even when pushed most of its proponents struggle to define. Perhaps, then, we should be grateful that government continues to tootle along with plain-old 2.0. It’s two years or so since Rishi [...]
