Office space: Inside the swanky new Conran and Partners offices February 11, 2022 The return to the office and the advent of hybrid working has been a hot topic for almost two years and it shows little sign of dying down. If you are lucky enough to work for Conran and Partners, you will have left Butler’s Wharf near Tower Bridge for your lockdowns at home, only to [...]
Labour suspends Neil Coyle’s whip over racism allegations February 11, 2022 The Labour party has suspended Neil Coyle, MP for Bermondsey and Old Southwark, as a result of racism allegations. “The Labour Party expects the highest standards of behaviour from all our MPs and we take allegations of this sort very seriously,” said party spokesperson. “Accordingly the Chief Whip has has now suspended the Labour whip [...]
Ollie Phillips: France vs Ireland is the Grand Slam decider February 11, 2022 It’s hard to look at this weekend’s Six Nations match between France and Ireland and not see it as a Grand Slam decider. We may only be in the second round of the championship but if there turns out to be an unbeaten side this year it’ll be the winner of this match. I don’t [...]
Mercedes exceeds expectations following EV sale surge February 11, 2022 Mercedes has exceeded expectations, posting a €14bn EBITDA for the full 2021, according to preliminary results released today. The automotive manufacturer is expecting an adjusted return on sales of approximately 12.7 per cent, beating its own guidance of between 10 and 12 per cent as a result of a surge in electric vehicles (EV). “Our [...]
British American Tobacco shareholders see light at the end of the tunnel as demand picks up February 11, 2022 British American Tobacco (BAT) has started to reap the rewards of its transition into new products such as vaping, as the global tobacco industry looks to shrink 2.5 per cent this year. While total revenue slipped 0.4 per cent to £25.6bn in comparison with 2020, the tobacco giant’s revenue from new categories swelled more than [...]
Explainer-in-brief: China stokes the flames over Taiwan February 11, 2022 This week, China has suspended imports of beef from Lithuania. While Beijing hasn’t justified its decision, it is crystal clear that the move comes after tensions over Taiwan. Lithuania diplomatically recognizes Taiwan, while China claims the island is part of its territory. Taiwan’s foreign minister called China’s actions “bullying”. Trade is a tried-and-tested weapon for [...]
Can Volkswagen catch Tesla in the electric vehicle race? February 11, 2022 Tesla raised some eyebrows last month as it unveiled an 87% year-on-year rise in vehicle deliveries to over 936,000. In terms of battery electric vehicles (BEVs), this puts it some distance ahead of its European rivals, including Volkswagen AG with less than a half of Tesla’s deliveries (452,900). There are three main reasons for Tesla’s [...]
Gatwick reopens South Terminal as travel restrictions end February 11, 2022 Gatwick airport has announced it will reopen the South Terminal, following today’s end of all UK travel restrictions. Closed in June 2020 to save costs during the pandemic, the South Terminal will reopen on 27 March to help the airport meet post-Covid Easter and summer travel demand. “Following some major announcements from our airlines about significantly [...]
Gold prices remain resilient amid rising inflation and spiking yields February 11, 2022 Gold prices have stabilised above $1,800 per ounce amid rising inflation and 10-year US treasury yields spiking above two per cent.
Smiths takes £740m buyback up a notch just days after ‘largest portfolio move in over a decade’ February 11, 2022 Engineering group Smiths has taken its £742m share buyback up a notch in snapping up £75m worth of ordinary shares. It forms part of the second tranche of the programme, which Smiths announced in mid-November, that aims to return a wad of cash to shareholders The second phase of the buyback will begin Monday and [...]
