Darktrace share price spikes after EY review finds ‘no skeletons in the closet’ July 18, 2023 Shares in Darktrace shot up over 20 per cent this morning after it revealed that a review of its accounts found a “number of areas” for improvement but were not “material” to its financial reporting. The London-listed cybersecurity company hired EY in February to review its books after a short seller questioned its accounts. New York-based hedge [...]
Income for richest UK households is nearly four times larger than poorest, ONS finds July 18, 2023 The richest households in Britain earn nearly four times as much as the poorest, although government tax and benefit spending has kept income inequality in check in the UK over the last year, according to official figures out today. Top earners made £83,700 last year, 3.8 times higher than the £22,300 average final income of [...]
Bitcoin dips below key level July 18, 2023 Bitcoin dipped by less than 1% to trade a notch below $30,000 this morning. Ether followed and is down by 1.6%.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Pret A Manger: Back to profit for first time since 2018 July 18, 2023 Pret A Manger has announced an annual profit for the first time since 2018 thanks to a successful international push and its revamped coffee subscription service. The high-street favourite recorded revenues of £429.9m, growing by 20.2 per cent compared to the same period in 2022 when it reported a loss of £226m. Its last profitable year [...]
Silver prices hold steady as interest rate hike fears ease July 18, 2023 Silver prices have remained robust in trading this week as investors believe that the US Federal Reserve's inflation fight is coming to an end.
Thames Water’s biggest investor slashed stake in troubled utility firm by £300m July 18, 2023 Thames Water’s biggest investor significantly cut the size of its stake last year, renewing concerns over its financial stability.
McDonald’s UK apologises after 100 workers allege sexual harassment or bullying July 18, 2023 The boss of McDonald’s in the UK has apologised after more than 100 workers at the fast food chain, past and present, alleged they had been sexually harassed or assaulted or subjected to racism or bullying. Alistair Macrow told the BBC the company had “fallen short” in some cases after the corporation spoke to dozens [...]
Revolution Beauty chief exec and chair quit in Boohoo settlement as share price soars July 18, 2023 The row between Revolution Beauty and Boohoo may finally be nearing an end, with a settlement reached including the departure of the former’s chief exec and chair. Revolution’s boss Bob Holt and chair Derek Zissman will leave, but Holt will remain as interim boss until the end of August 2023. Following the news, Revolution Beauty’s [...]
Grocery inflation remains ‘incredibly high’ but falls for fourth straight month thanks to supermarket promotions July 18, 2023 Grocery price inflation has seen the biggest drop since its peak in March but remains “incredibly high”, figures show. Supermarket promotions helped the figure fall to 14.9 per cent in the four weeks to July 9, down from 16.5 per cent over the previous month, according to analysts Kantar. It is the fourth month in [...]
