‘Tech success story’: UK cyber security sector hits record £10bn in revenue February 17, 2022 Britain’s tech sector continues to break records as new government data shows more than 1,800 cyber security firms generated a total of £10.1bn in revenue in the most recent financial year, a 14 per cent increase from the previous financial year.
IT group AVEVA reports slowdown in revenue as pandemic boom tapers off February 17, 2022 International software group AVEVA announced a slowdown in revenue growth today as the booming demand for software and IT services seen through the pandemic tapers off.
Coffee sales drive Nestlé growth while plant-based food momentum swells February 17, 2022 Sales of coffee products have driven Nestlé’s organic growth while total reported sales hit a sum worth £69.46bn. In full-year results for 2021, the world’s largest food and beverage company said total reported sales increased 3.3 per cent to 87.1bn in Swiss currency. Organic growth stood at 7.5 per cent, driven by strong momentum for [...]
Standard Chartered unveils share buy-back and ramps up bonuses as profits rebound February 17, 2022 International banking group Standard Chartered reported a rebound in profits to $3.9bn today and announced a $750m share buy-back as it begins to recover from a pandemic slump.
Moneysupermarket revenue hit by soaring energy costs as home services impacted February 17, 2022 Price comparison website Moneysupermarket has posted a revenue loss thanks to soaring wholesale energy prices. Revenue was down eight per cent from £344.9m in 2020, to £316.7m, in results for the year ended 31 December posted on Thursday. The company said its home services had been “heavily impacted” by wholesale energy prices, while performance in [...]
Ed Warner: Commonwealth Games has earned extra life by embracing esports February 17, 2022 If you want to win a full bore rifle shooting medal at the Commonwealth Games you’ll need a keen eye, steady hand, ability to lower and control your heart rate, thousands of hours of practice – and a host city willing to include the event. However good you might be, then, Birmingham 2022 isn’t your [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 17, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Fulcrum Asset Management Fulcrum Asset Management has poached its latest responsible investment associate from EY. Samriddhi Sharma departs the Big Four firm after holding the role of senior consultant in the sustainable finance team. Reporting to partner and chair Matt Roberts, Sharma will support [...]
Andrew Bailey fell asleep on inflation and now it is workers who will face the flames February 17, 2022 Is there a comfortable chaise longue in the office of Andrew Bailey, Governor of the Bank of England? I think we should be told. Because it has become apparent that the Bank has been asleep on the job. In the year to December 2021, consumer prices rose by 5.4 per cent. We have to go [...]
Exclusive: UK investors turn to cash savings as financial confidence dips February 17, 2022 Brits are taking a cautious approach to investing in 2022 with the vast majority opting to keep money in cash savings.
Brits to face permanently higher prices if rising wage and energy bills persist February 17, 2022 Consumers will face permanently higher prices for products if rising wages and energy costs persist, reveals fresh research published today. Services firms are raising prices at the fastest pace on record to alleviate severe margin pressure stemming from rising bills, according to a survey by Lloyds Bank. Soaring staffing and energy bills are sending costs [...]
