Pfizer’s revenue drops over 50 per cent as Covid-19 vaccine sales wither August 1, 2023 US drugmaker Pfizer today reported that revenue more than halved during the second quarter of the year as global demand for its Covid-19 vaccines plummeted. It reported disappointing revenues of $12.7bn (£9.9bn) in the three months April to June – down 54 per cent, or $15bn, from the second quarter last year. Pfizer blamed the [...]
Sir Jon Cunliffe to be replaced by Sarah Breeden as Bank of England deputy governor August 1, 2023 Sir Jon Cunliffe will step down as one of the Bank of England’s chief market watchers later this year, Chancellor Jeremy Hunt has announced on Tuesday. Cunliffe, who was appointed Threadneedle Street’s deputy governor for financial stability a decade ago, will be succeeded by Sarah Breeden, also a long servant at the central bank. Breeden [...]
Cazoo shares spiral despite narrowed losses August 1, 2023 Shares in the struggling used-car retailer Cazoo tumbled on Tuesday, as investors failed to gain confidence in the firm’s restructuring and drive to rebound after last year’s crises. Losses improved by nearly 37 per cent year-on-year in the six months to June, narrowing from £241m to £151m – but this was not enough to stop [...]
Here is the first glimpse of London Underground’s 94 new (air conditioned) Piccadilly Line trains August 1, 2023 London is close to welcoming 94 new shiny new Piccadilly Line trains, after the first of a new Siemens-built batch went for testing in Germany. Transport for London said the state-of-the-art tube trains had gone for trials at a test and validation centre in Wegberg-Wildenrath, Germany. Consisting of nine carriages, the trains came off the [...]
This is why so many blockchain games fail August 1, 2023 There are key elements, says Takuya Tsuji, to unlocking the true potential of blockchain technology to make gaming successful.
Gold demand propped up by record central bank buying August 1, 2023 Gold demand has been bolstered record buying from central banks over the first six months of trading this year.
London Calling! Over two million tourists will visit this year in £674m boost to the capital August 1, 2023 London will welcome more than two million international tourists this year compared to last, bringing an additional £674m to the capital. As travel fully recovers post-pandemic, data from the London mayor’s office, shows that London was the top city in Europe for bed nights in 2022 with an increase of 131.5 per cent in 2021. [...]
Long-time boss of free market think tank IEA to step down after 14 years at the helm August 1, 2023 The long-time boss of free market think tank the Institute of Economic Affairs, Mark Littlewood, will step down after 14 years at the helm. The director general will step down from right-wing group this year, with the search for a successor underway. Littlewood will remain in post until a new director general is found. The [...]
Travis Perkins profits slip 31 per cent amid slow down in house building August 1, 2023 Travis Perkins blamed a weak market for its falling revenues as the home improvement retailer struggles to cope with dwindling sales and a tough economic climate. In its half year results, the tools supplier said revenue slipped 2.5 per cent to £2.5bn and adjusted operating profits fell 31 per cent to £112m. A slowdown in [...]
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]
