Bentley to develop first electric car as part of £2.5bn green push January 26, 2022 Bentley has announced the development of its first battery-powered electric vehicle as part of a 10-year sustainability push worth £2.5bn. The luxury car maker added that the first vehicles will be ready in three years’ time, as the company plans to become carbon neutral by 2030. “We are already marking the pinnacle in luxury car [...]
Fever raises $227m in round led by Goldman Sachs ahead of possible IPO January 26, 2022 Ticketing platform Fever reportedly raised $227m (£168m) in a Goldman Sachs led funding round signalling live events are making a comeback.
Wolseley owner Corbin & King goes into administration amid icy tensions with shareholder January 26, 2022 The firm behind high-end London restaurants including the Wolseley and the Delaunay has fallen victim to the pandemic and entered into administration. Administrators from FRP have been appointed for Corbin & King, it was reported last night. Daily operations will not be impacted and restaurants will continue trading. Hospitality venues in the capital have struggled [...]
Bloomsbury continues to cash in on reading boom January 26, 2022 Bloomsbury Publishing expects its annual profit and revenue to top market expectations, underpinned by strong sales at its consumer division that sells adult and children's titles, the publisher of Harry Potter books said this morning.
Wizz Air pursues expansion as losses deepen January 26, 2022 Wizz Air doubled losses in the third quarter as it expanded its workforce and fleet amid travel disruption spurred by Omicron.
Advertising watchdog upholds complaints over Oatly ads for ‘misleading’ environmental claims January 26, 2022 The advertising watchdog has upheld four complaints over an Oatly marketing campaign. The Advertising Standards Authority (ASA) has upheld four out of five issues raised by a campaign from the oat drink firm. Viewers had raised concerns over two television adverts, a sponsored Facebook post, a sponsored Twitter post and two press adverts. The adverts [...]
Investment bank warns gas prices could quadruple if Russia invades Ukraine January 26, 2022 Analysts have warned that UK gas prices could increase four-fold to over £10 per therm if flows from Russia are cut off over the coming months.
Pets at Home hikes profit guidance as it outlines mitigations for inflationary pressures January 26, 2022 Pets at Home has upgraded its profit guidance in the wake of rising revenues. In a trading update for the 12 weeks to 30 December, the pet care business posted total Group revenue growth of 5.8 per cent to £319.4m. It said group like-for-like revenue was up 8.7 per cent compared to 2020. In comparison [...]
Brewin Dolphin fund inflows hit £1bn in latest quarter January 26, 2022 Investment management firm Brewin Dolphin saw record discretionary inflows of £1bn in the first quarter of the financial year.
Lord Cruddas’ CMC Markets on track for new trading platform amid tumultuous pandemic January 26, 2022 CMC Markets meets full year guidance as client money trends, especially in Australia, drive "confidence" for the firm and keep assets "close to record highs".
