BlackRock hikes wages by 8 per cent July 15, 2021 BlackRock is set to provide its employees an ‘off-cycle’ salary hike. The world’s largest asset manager plans to boost pay by 8 per cent. “Your initiative, commitment and teamwork helped ensure that through the pandemic we supported our clients,” Chief Executive Officer Larry Fink and President Rob Kapito said. The company is the latest finance giant [...]
China’s post-pandemic growth slows as government aims for more stable course July 15, 2021 China’s fast rebound from the Covid-19 pandemic has now slowed, according to official figures. The nation’s GDP for the second quarter of 2021 was up 7.9 per cent on the same period in 2020, falling short of economist’s forecasts of 8.1 per cent growth. It was less than half the growth seen in the first [...]
Shares in Avast jump as cyber firm confirms NortonLifeLock merger talks July 15, 2021 Shares in Avast jumped this morning after the London-listed cybersecurity firm confirmed it is in advanced discussions over a possible merger with US rival NortonLifeLock. In a statement last night Avast said Norton could make a cash and share offer for the entire issued capital of the firm. However, it warned there was no certainty [...]
Sale rates soar for online retailer ASOS July 15, 2021 Online fashion giant ASOS saw sales continue to skyrocket despite physical competitors re-opening, per the firm’s latest market update. UK sales increased 60 per cent for the retailer in the four months to the end of June, with active customers growing by a further 1.2m. Chief executive officer Nick Beighton said, “ASOS has delivered another [...]
Online fraud up by a third during the pandemic July 15, 2021 Online fraud has risen by a third during the pandemic as almost all everyday activities went digital, according to a consumer rights group. The number of cases of fraud reported to UK police unit Action Fraud cost consumers £2.3bn last year and had affected over 410,000 victims, according to analysis by consumer rights group Which? [...]
Semiconductor shortage to begin to ease this quarter, says TSMC July 15, 2021 The world’s largest semiconductor firm today suggested there could be a chink of light for embattled carmakers, which have been hamstrung by a shortage of the chips. Speaking to analysts after it revealed record quarterly sales, Taiwan’s TSMC said that the current supply crisis would gradually begin to ease from this quarter. However, auto giants [...]
STV advertising revenue grows by a third thanks to Euros boost July 15, 2021 STV has posted a further rise in advertising revenue for the first half of the year as Euro 2020 coverage helped the Scottish broadcaster continue a recent run of good form. The network, which holds the channel 3 licence north of the border, said total ad revenue grew 32 per cent to the end of [...]
Gigafactory firm Britishvolt mulling London listing July 15, 2021 The firm behind the UK’s first battery gigafactory for electric cars has said it is now considering a London listing by the end of next year’s second quarter. In an interview with Bloomberg, Orral Nadjari, the chief executive of Britishvolt, said that the recent overhaul of London listing rules was behind the decision. Britishvolt had [...]
Darktrace upgrades 2022 expectations after strong sales July 15, 2021 Darktrace, a cybersecurity AI firm that listed in April, today said it expects revenue for the last financial year to have grown 40 per cent to $278m (£201m), upgrading its guidance for 2022. It now expects year over year revenue growth of between 29 per cent and 32 per cent (previously 27 per cent to [...]
Just Eat delivery order growth in UK up 733 per cent on the same period last year July 15, 2021 Just Eat Takeaway saw orders rise across the globe in the last quarter as recent investments began to take off. Half year orders in 2021 are up 61 per cent, whilst newly-acquired subsidiary Grubhub saw 51 per cent growth. Delivery order growth in the UK for the same period grew a staggering 733 per cent. [...]
