One way ticket to bankrupt November 10, 2021 [Re: World set to warm by 2.4 degrees, yesterday] Cop26 has accelerated our desire to decarbonise but how much will it cost? I simply do not subscribe to the idea that the UK has an endless pot of money funded with Modern Monetary Theory. Yes, a dead planet is worse but there needs to be [...]
Central London weighs down Wetherspoons’ sales November 10, 2021 Sales across JD Wetherspoons’ pubs in central London have plummeted by 17.4 per cent from last year. Trade has recovered in cities such as Liverpool and Newcastle, which have enjoyed sales increases of 9.1 per cent and 11.1 per cent respectively. However, the capital continues to suffer with City workers only returning to the area [...]
Easyjet joins Race to Zero on COP26 Transport Day November 10, 2021 Easyjet joined the UN-backed Race to Zero campaign – which aims to achieve net zero emissions by 2050 – on the same day as COP26’s transportation day. Presenting its roadmap in the next few months, the carrier has committed to set an interim target for 2035, while working towards the 2050 objective. “Joining Race to [...]
Klarna challenger Zilch becomes fastest-ever British unicorn November 10, 2021 London-based fintech Zilch has today closed a mammoth $110m Series C funding round and become the UK’s latest billion dollar company in record-breaking time. The round brings Zilch, whose product capitalises on the lucrative Buy Now Pay Later (BNPL) sector but in many ways resembles a credit card, to a $2bn valuation – four times [...]
This is not just results: London markets boosted by M&S profit hike November 10, 2021 UK retail institution Marks and Spencer boosted London markets during the opening session today as investors poured into the stock after it hiked its profit outlook. The capital’s mid-cap FTSE 250 index, which M&S is listed on, advanced 0.34 per cent to 23,445.61 points. The premier FTSE 100 index was up 0.33 per cent to [...]
Oil prices reach two-week highs amid supply pressures and air travel demand November 10, 2021 Oil prices continued their rebound on Wednesday morning, as both major benchmarks reached two-weeks highs. Prices have risen again after US crude stocks unexpectedly dropped last week, alongside rising air travel demand and easing Covid-19 restrictions. API data reportedly revealed U.S. crude stocks declined by 2.5 million barrels for the week to November 5. This [...]
ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
Adam Boulton to leave Sky News after 33 years November 10, 2021 Legendary broadcaster Adam Boulton is to step away from Sky News after 33 years at the channel. He will step down as the channel’s editor at large and presenter on New Year’s Eve. Boulton was at Sky for its launch in 1989 and has become one of the faces of a channel which began as [...]
Halfords upgrades profits guidance to £80-90m as autocentres drive rising revenues November 10, 2021 Halfords has upgraded its full-year profits guidance amid rising revenues for the rebounding company. The motoring and cycling retail giant £80-90m in full-year profits before tax, a hefty increase on previous estimates of £75m. The company has enjoyed a 19.2 per cent growth in revenues over the first half of the financial year. This has [...]
Software group Aveva’s losses deepen November 10, 2021 British industrial software group Aveva said this morning its operational losses had widened to £73.4m in the first half of the year, more than triple the £20.3m it reported a year earlier. Much of this was down to gradually writing off the costs of its intangible assets, the company said, following the completion of its [...]
