NFTs set to fund new cryptocurrency movie November 3, 2021 The team behind the film Coinrunners is looking to enlist the help of NFT fans and collectors as it launches a unique NFT collection to fund the development of the crypto-focused Hollywood movie.
Smurfit wraps up third quarter with 15 per cent rise in revenue November 3, 2021 Packaging titan Smurfit Kappa Group has wrapped up its third quarter with revenues rocketing 15 per cent year-on-year, reaching $7.287 billion. The group’s EBITDA has enjoyed a comparative year-on-year growth of 10 per cent to €1.235bn, with a margin of 17 per cent The company has approved €600m of investments in projects across the business [...]
UK businesses jack up prices at record pace amid cost onslaught November 3, 2021 UK services businesses are hiking prices at the fastest pace in history to cope with an onslaught of swelling costs. A vortex of soaring energy, fuel and staffing costs lured services firms to jack up prices in a bid to survive an assault on their margins, according to a closely watched survey. More to follow.
FTSE 100 dragged down by Darktrace continuing to tank November 3, 2021 Darktrace shares continued to plummet during the opening session today, dragging London’s premier index down with it. The capital’s FTSE 100 index dipped 0.20 per cent to 7,260.25 points. However, the mid-cap FTSE 250 fared better, eding up 0.06 per cent to 23,154.92 points. More to follow.
Insurer LV= offers £100 to every member for £530m Bain Capital takeover November 3, 2021 British insurer LV= is offering its members £100 as a one-off payment, which will cost of a total of £111m, should takeover plans by private equity firm Bain Capital go ahead. Eligible members of LV= are scheduled to cast their vote on the proposed takeover deal, worth £530m, on Dec 10. Three quarters of votes [...]
Anglo American appoints Duncan Wanblad as chief executive November 3, 2021 Mining company Anglo American has named insider Duncan Wanblad as its new chief executive officer. The appointment has been widely expected, and will see current boss Mark Cutifani leave in April after nearly a decade in the role. Wanblad has worked as group director of strategy and business development since 2019. He was previously the [...]
UK house prices hit new highs with typical home topping £250k November 3, 2021 House prices have hit record highs, with the average property hiking more than £30k since the pandemic struck. Nationwide’s House Price Index was published against a backdrop of the Bank of England being anticipated to raise interest rates in response to rising inflation. The typical UK home has topped a quarter of a million pounds [...]
BMW beats expectations with rising third quarter profits as electric vehicle sales soar November 3, 2021 German manufacturing giant BMW has reported third quarter net quarter profits of EUR 2.58 billion, surpassing analysts’ expectations with a 42.4 per cent year on year increase during the three-month window. The outperformance in profits is powered by rocketing sales of electric vehicles and higher car prices. BMW has now reported an operating profit (EBIT) [...]
TikTok owner ByteDance on the hunt for new chairman after founder steps down November 3, 2021 The founder of Bytedance, which owns Tiktok, has stepped down from his role as chairman amid major organisational shifts at the tech giant, according to reports. Chinese billionaire and entrepreneur Zhang Yiming founded Bytedance in 2021 alongside college roommate Liang Rubo, the new Bytedance CEO who took up the role earlier this year after Yiming [...]
Pets At Home CEO bow-wows out after four years as top dog November 3, 2021 Pets at Home has announced that its CEO will step down after eleven years in the business. Peter Pritchard will step down as CEO and director next summer, with the hunt for his successor already underway. The company praised Pritchard for overseeing a successful turnaround of the business during his four-year-tenure and increasing its share [...]
