Bitcoin protests break out in El Salvador September 16, 2021 Protests in El Salvador turned violent as thousands of demonstrators expressed their anger about Bitcoin becoming legal tender. Yesterday, anti-government marchers took to the streets bearing signs which read “no to dictatorship” and “we were defrauded by Bitcoin”. Bitcoin ATMs, installed ahead of the crypto currency becoming legal tender earlier this month, were burned by [...]
Superdry losses shrink despite subdued high street footfall September 16, 2021 Superdry said store and wholesale revenues were recovering well despite high streets remaining quiet. The fashion retailer reported a pre-tax loss of £37m for the year to April 24, compared with a £167m loss from a year earlier. Revenues fell 21.1 per cent to £556m for the year after a number of lockdowns across key [...]
John Lewis posts £29m pre-tax loss after restructuring costs September 16, 2021 John Lewis has reported a pre-tax loss of £29m for the year’s first half, after restructuring costs. However, the high street giant said its half year results ending July 31 marked a significant improvement on last year’s pre-tax loss of £635m. Profit before exceptional items was £69m, up £124m on the comparable period last year, [...]
Rallying travel stocks lift FTSE 100 – CityAM : CityAM September 16, 2021 London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance. The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday. Also Read: Pre-departure Covid tests may be ditched to [...]
Kier back in profit after turnaround process completed September 16, 2021 Construction firm Kier crept back into profit today after two years of hefty losses after completing its reset of the company’s operations. The London-listed firm made a £5.6m reported profit, swinging back into the black after a £225m loss last year. It said that it would use the £351m it has gathered through the sale [...]
Bitcoin protests break out in El Salvador – CityAM : CityAM September 16, 2021 Protests in El Salvador turned violent as thousands of demonstrators expressed their anger about Bitcoin becoming legal tender. Yesterday, anti-government marchers took to the streets bearing signs which read “no to dictatorship” and “we were defrauded by Bitcoin”. Bitcoin ATMs, installed ahead of the crypto currency becoming legal tender earlier this month, were burned by [...]
John Lewis posts £29m pre-tax loss after restructuring costs – CityAM : CityAM September 16, 2021 John Lewis has reported a pre-tax loss of £29m for the year’s first half, after restructuring costs. However, the high street giant said its half year results ending July 31 marked a significant improvement on last year’s pre-tax loss of £635m. Profit before exceptional items was £69m, up £124m on the comparable period last year, [...]
Tobacco firm Philip Morris secures £1bn takeover of inhaler maker Vectura September 16, 2021 Philip Morris, the maker of the world’s most popular cigarette brand Malboro, has sealed its £1bn takeover of asthma inhaler maker Vectura with a bumper share purchase. In August, the Vectura Directors supported a takeover bid from Philip Morris International to purchase Vectura at a price of 165 pence per share after a fierce bidding [...]
Rishi Sunak ‘thrilled’ by £300m DP World investment September 16, 2021 DP World, a Dubai based supply chain logistics company, has announced it will expand a London port to increase supply chain resilience. The £300m investment builds on the £2bn in funds that DP World has funnelled into Britain over the last decade and will add a fourth berth, a parking space for a ship, to [...]
UK, US and Australia sign new defence pact to tackle China September 16, 2021 The UK last night announced a new “landmark” security pact with the US and Australia in a move that’s been widely seen as an attempt to tackle China. AUKUS, as the new partnership will be known, will initially focus on acquiring nuclear-powered submarines for Australia for the first time ever. But the deal, the biggest [...]
