Relx beats expectations for full year earnings as profits hit £1.69bn February 10, 2022 Telecoms, media and tech group Relx has beaten full year earning expectations with investors pocketing 87.6p per share amid soaring profits.
Time to celebrate: Watches of Switzerland enjoys revenue boost as pandemic conditions ease February 10, 2022 Watches of Switzerland has reported a hefty boost in revenues amid increased demand across UK and US markets.
Watchdog opens investigation into Sir Captain Tom’s charity accounts February 10, 2022 The UK charity watchdog is set to launch an investigation into the accounts of the charity set up to honour lockdown legend Sir Captain Tom Moore. Sir Tom became a household name in 2020 after he walked 100 laps in his garden, raising £33m for the NHS. However, accounts show that the Captain Tom Foundation [...]
French and Germany pressure may force IAG to spin off British Airways February 10, 2022 British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines [...]
Scandal ridden Credit Suisse sees £1.6bn loss in latest quarter February 10, 2022 Credit Suisse's latest financial results were dragged by legal woes and a slowdown at the bank's investment and wealth management arms.
Cyber market boosts Beazley’s “robust profit” February 10, 2022 International insurance firm Beazley has reported a “robust profit” of $369.2m as a result of opportunities increasing in the cyber market. The firm said that, in the six months ended 31 December, its return on equity went up to 13 per cent on 2020 levels to 16 per cent, while its gross premiums written surged [...]
Astra Zeneca revenues jump over 40 per cent amid vaccine rollout February 10, 2022 Revenues at Astra Zeneca have risen 41 per cent, with Covid-19 vaccine sales boosting its performance across the year.
Ed Warner: Spare a thought for golfers locked out of Saudi Arabia and Greg Norman’s gilded cage February 10, 2022 In the Year of the Sportswash it should be no surprise that Saudi Arabia is at the centre of the struggle for control of pro golf. But would the beefed-up Asian Tour arouse such a frenzy if it had a different backer? The PGA Tour has been accused of greed that is “beyond obnoxious” by [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 10, 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. CPW CPW has hired a new apprentice to its London office, as the consultancy firm looks to upskill the next generation of engineers. Joining the firm’s apprenticeship programme, which was set up over 20 years ago, Joshua [...]
SMEs need support February 10, 2022 Since April 2020, as the pandemic started to truly bite, we’ve been getting regular feedback from our UK members about the financial outlook of their SME clients through our monthly ACCA UK and Corporate Finance Network SME Recovery Tracker. The data provides an insightful picture of the ups and downs for SMEs. We’ve seen how [...]
