Trial services begin on Northern Line extension ahead of autumn opening July 8, 2021 Transport for London (TfL) has begun running trial services on the Northern Line extension to Nine Elms and Battersea ahead of this autumn’s opening. Four trains per hour are currently being run through the extension at weekends as part of trial operations. Once the extension opens, there will be an initial peak time service of [...]
Ex-Microsoft CEO Steve Ballmer becomes ninth member of $100bn club July 8, 2021 Former chief executive officer of tech giant Microsoft, Steve Ballmer, has become the world’s ninth person to join the coveted $100bn club. Now owning the NBA’s Los Angeles Clippers, Ballmer stepped down from the helm of Microsoft in 2014. The ex-tech giant boss has seen his wealth swell by $20.1bn this year alone, driven by [...]
Discounter B&M revenue growth slows after bumper pandemic trade July 8, 2021 Discount retailer B&M’s first quarter results show increased revenue, but at a slower pace to the growth in its last financial year. The group’s total revenue for the first quarter, the 13 weeks to 26 June, increased from £1.15bn to £1.18bn, providing a strong start to the new financial year for the retailer. The results [...]
Jet2 plunges to £370m loss after pandemic wipes out holidays July 8, 2021 Jet2 plunged to a £373.8m loss last year amid what it called “a period of unparalleled operational and financial challenges” due to the Covid-19 pandemic. The package holiday firm flew just 1.3m passengers last year as a result of widespread travel restrictions, down 91 per cent of the 14.6m it flew the year before. Due [...]
The Gates Foundation agrees to a backup plan amid Bill and Melinda’s divorce July 8, 2021 The Gates Foundation has a backup plan in place in case Bill and Melinda Gates struggle to work together amidst their divorce. The deal consists of a two-year trial for the former couple, in which Ms. Gates can choose to resign upon its completion. She will also receive ”personal resources’ from her ex-husband for her [...]
Deliveroo lifts guidance as orders soar in second quarter July 8, 2021 Deliveroo this morning raised its guidance for the first year after a quarter in which the company said that orders increased nearly 90 per cent. In a trading update, the takeaway app said that it was now on track to see gross transaction value (GTV) grow between 50 and 60 per cent this year, up [...]
Is learning tech capability in L&D holding it back? July 8, 2021 No matter your role on the learning and development team or the makeup of your organisation, it is important to consistently review and evaluate innovative technologies, tools, and trends to see if they make sense for your organisation. Technology changes rapidly, and if you do not keep up, you will be left behind. Learning technologies [...]
Airbnb inks deal with location tech firm what3words amid staycation boom July 8, 2021 Airbnb has launched a partnership with what3words to bring the startup’s location mapping technology to its platform ahead of an expected boom in staycations. What3words has divided the world into three-metre squares each with a unique three-word name to help pinpoint specific addresses. The London-based company said its technology helps to tackle the inaccuracy of [...]
Danske Bank lifts net profit guidance to $1.9bn after ‘faster than anticipated macroeconomic recovery’ July 8, 2021 Danske Bank has today lifted its net profit guidance for this year to 12bn Danish crowns ($1.9bn), after ‘faster than anticipated macroeconomic recovery’ rallied confidence. The bank, which is Denmark’s largest lender, raised the guidance to 12bn crowns from around nine to 11bn crowns. “We adjust our net profit guidance for the year based on [...]
Fuller’s looks to end of restrictions to drown sorrows after £60m loss July 8, 2021 Pub chain Fuller, Smith & Turner swung to a £60m loss across a 12 months in which its estate was shut for nearly three-quarters of the year due to the pandemic. The group reported a £59.2m loss for the last financial year, down from a profit of £166.2m the year before. It said that its [...]
