Plus500 to smash forecasts as retail trading continues to boom October 4, 2021 Booming retail trading volumes prompted trading platform Plus500 to raise its income and profits forecast ahead of analysts’ expectations for the year today. In a trading update, the London listed platform said revenues and earnings will come in far ahead of forecasts after “further positive momentum” in the third quarter of this year. An uptick [...]
Conservative conference: Rishi Sunak declares the ‘future is here’ October 4, 2021 Rishi Sunak has declared the “future is here” in his party conference speech as he vowed to bring the UK’s economy into the 21st century. The chancellor said “I want tax cuts”, but that first “public finances must be put back on a sustainable footing”. It comes after the government recently increased National Insurance Contributions [...]
French Connection sold to consortium led by second-largest shareholder October 4, 2021 Clothing brand French Connection has been sold to a consortium including its second-largest shareholder in a deal valuing it at £29m. The firm – which operates 150 stores and concessions across the world – has accepted a 30p-per-share offer, after struggling with years of losses. It represented a 30 per cent premium to the share [...]
Morrisons’ chairman calls Christmas supply concerns ‘slightly overblown’ October 4, 2021 Morrisons’ chairman has downplayed concerns over the supermarket supply chain this Christmas. Andy Higginson said he was “not worried” about the challenges arising from a shortage of goods drivers and reports forecasting empty shelves this autumn, the BBC reported. The supermarket boss said problems in the supply chain were “well publicised” and “slightly overblown”. “Supply [...]
Powell comments spark Bitcoin resurgence back towards $50k October 4, 2021 A strong weekend in the cryptocurrency markets saw Bitcoin rise in price by almost 10 per cent, and currently trading at just below $48,000.
OECD slams ESG investing for being toothless at tackling climate change October 4, 2021 The organisation representing the world’s richest countries has slammed ESG investing for being toothless at fighting climate change. In a damning report released today, the Organisation for Economic Cooperation and Development (OECD) hit out at ESG investing for lacking “clarity” and “transparency”. “Data inconsistencies, lack of comparability of ESG criteria and rating methodologies, as well [...]
Aldi hiring for over 1,500 Christmas jobs October 4, 2021 Cut price supermarket Aldi is recruiting for more than 1,500 Christmas jobs this year. The retailer said it would keep all stores shut on Boxing Day to thank colleagues for their work during the pandemic – maintaining a decades-long tradition. Available roles will include those working on checkouts, replenishing stock and fulfilling orders made through [...]
Shakespeare on branding: A Lidl marketing stunt goes a long way October 4, 2021 Lidl might not come to mind as quickly as Nike, Adidas, Converse, or Veja when it comes to trendy footwear brands. But in September 2021, the low-budget German supermarket may have (temporarily) joined their ranks – following reports that its new line of £12.99 trainers were selling on eBay for considerably more than face value. [...]
Claire Harvey: Sport should take lessons from the City on inclusion policy October 4, 2021 British Paralympian and global inclusion expert Claire Harvey calls on sport’s national governing bodies to adopt grassroots diversity targets into their participation drive. Sport has for a long time been a source of inspiration to the masses. It is one of the unifying forces that humanity has to offer, yet – if we’re honest with [...]
British Airways looks to U-turn decision to ditch Gatwick short-haul flights October 4, 2021 British Airways (BA) is reportedly looking to U-turn on its decision to ditch short-haul flights from London’s Gatwick airport. Bosses at trade union Balpa reopened talks last week and are planning on taking a new pay deal to pilots, the Telegraph reported. After a gruelling 18-months for the travel industry, the airline ditched short-haul flights [...]
