IT provider Softcat soars in full year results amid strong demand October 26, 2021 IT services provider Softcat reports record full-year results to 31 July 2021 amid strong public sector demand and corporate recovery
Why sport is playing against the clock when it comes to the climate crisis October 26, 2021 It is becoming increasingly apparent that the climate crisis touches everything and sport – often played outdoors and shaped by the weather – is, not surprisingly, no exception. Winter sports are in serious trouble. Alpine glaciers and skiing seasons are rapidly shrinking. Not a single event on last year’s biathlon circuit could proceed without using [...]
Bunzl’s acquisition spree pays off in revenue boost October 26, 2021 Distribution and services group Bunzl has enjoyed 13 per cent revenue jump in its third quarter, which was boosted by its acquisition spree. After its 11th acquisition year, the fresh buyouts of agricultural supplies distributer Intergro and McCue Corporation have contributed 4.3 per cent to its revenue at constant exchange rates. Bunzl boss, Frank van [...]
THG ramps up governance overhaul and begins search for independent chair October 26, 2021 UK e-commerce company THG said this morning it has appointed a consulting firm to begin a search for a new independent chair for the company, in its latest attempt to appease City investors with doubts about the governance and transparency of the business. Alongside its third quarter results this morning, the group announced it had [...]
Reckitt Benckiser still riding hygiene wave as profits jump October 26, 2021 Hygiene giant Reckitt Benckiser is still riding the wave of the pandemic engineering a shift toward greater cleanliness. The Detol manufacturer posted over £3bn in net revenues in the three months to September, up 3.3 per cent on a like-for-like (LFL) basis compared to the same period last year. Laxman Narasimhan, chief executive of Reckitt [...]
Heathrow losses balloon despite passenger recovery October 26, 2021 An uptick in passengers was not enough to stem steep losses at Britain’s largest airport Heathrow. Pre-tax losses for the year to September remained elevated at over £1.3bn, down slightly from £1.5bn over the same period last year. John Holland-Kaye, chief executive at Heathrow, said: “We are on the cusp of a recovery which will [...]
Whitbread’s Premier Inn recovery ‘ahead of expectations’ despite losses October 26, 2021 Premier Inn owner Whitbread has said the budget hotel chain’s recovery in the past six months has been ahead of expectations. The hotel chain, which was battered by the sudden drop in tourism and overnight stays last year, has enjoyed a strong spike in demand since mid-May, Whitbread said in its interim results for the [...]
Editorial: Facebook needs to change to win friends back October 26, 2021 Move fast and break things was once the defining force behind Facebook’s success, but perhaps Mark Zuckerberg may reflect that the mantra was supposed to be about technological innovation – not the social fabric that holds us together. Let’s be clear: Facebook is in a lot of trouble. Regulators are gearing up for a fight, [...]
City Moves: Who’s switching jobs in the Square Mile today? October 26, 2021 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. Bought By Many Pet health and insurtech company Bought By Many, which gained unicorn status in June, has appointed former Babylon Health lead as its chief marketing officer (CMO). Adam Rostom moves from Babylon Health, under the [...]
If Sunak’s budget delivers for financial services, they can deliver for the globe October 26, 2021 At Conservative party conference, the Chancellor promised to deliver an economy based on “good work, better skills and higher wages” and embrace “the agility, flexibility and freedom provided by Brexit”. This will create a dynamic, high-tech economy. Financial services are critical to delivering this ambition. The engine of the UK economy has not only withstood [...]
