Deliveroo raises guidance for year despite orders slipping August 10, 2023 Deliveroo upped its guidance for the year to a range of £60-80m, ahead of previous range of £20-50m, as the group shows signs of weathering the economic storm. Total revenues rose five per cent to £1.02bn up from £972.9bn as the group increased the cost of payment fees it charges customers. The food delivery business, [...]
Entain sets aside half a billion for investigation into alleged Turkish bribery offences August 10, 2023 Ladbrokes owner Entain has set aside an ‘eyewatering’ £585m to cover a potential settlement as it nears an end of a bribery investigation into its legacy Turkish facing business, launched in 2019. In an update posted this morning, the global betting giant said it has “a sufficient degree of confidence to take a provision of [...]
Mark Kleinman’s column: WANdisco fiasco, Co-op auction and Chelsea’s misfires August 10, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his fortnightly City A.M. column. It’s payback time WANdisco? More like WANfiasco. Within weeks of the AIM-listed data software company letting it be known that it was solidifying its ambitions of pursuing a US stock market listing, the [...]
Biden declares ‘national emergency’ as he bans US investment in Chinese tech August 10, 2023 President Joe Biden on Wednesday signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips and require government notification in other tech sectors. The long-awaited order authorizes the U.S. Treasury secretary to prohibit or restrict U.S. investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies [...]
Executives ‘sleepwalking into cyber catastrophe’, warns cybersecurity boss August 10, 2023 The cyberattack on the Electoral Commission should “serve as a wake-up call to executives”, the boss of a cybersecurity firm has warned. Suid Adeyanju, chief executive of British cybersecurity company Riversafe, said an underestimation of the threat of cyberattacks meant executives were “sleepwalking into a cyber catastrophe”. His comments came after the Electoral Commission revealed [...]
From Costa and Coutts to Bud Light, business can’t keep out of our politics August 10, 2023 Business can't hide from politics anymore: younger customers and employees care about social issues. Companies, from Coutts to Costa, need to learn how to strike a balance, writes Ryan Shorthouse
Let’s be honest, taking back control with Brexit does not mean knee-jerk isolationism August 10, 2023 Brexit means the ability of making our own choices; it doesn't mean isolating our nation from the EU and other partners. If we understand this, we can make Brexit a success, writes Matthew Lesh
As social media gives way to biotech, an era of ultra young billionaires might be over August 10, 2023 From Larry Page to Jeff Bezos, the billionaires of yesteryear were masters of timing. For the new generation it's harder to make that kind of money, but easier to make an impact, writes Leon Emirali
Dragon Awards: City to recognise socially responsible London businesses – and an individual for the first time August 10, 2023 More than 20 firms, projects and individuals will be recognised for their contribution to responsible business at the City’s annual prestigious Dragon Awards. Lord Mayor of the City of London, Nicholas Lyons, will present the gongs in October, with the shortlist being unveiled by today. For the first time since the awards launched in 1987, [...]
AI helps airlines reduce contrails by 50 per cent, new study reveals August 9, 2023 An exciting new study has shown that artificial intelligence can help airlines reduce contrails - the white vapour trails seen behind planes - by as much as 50 per cent.
