Revenue buoyed by sports as gamers place fewer bets on 888 post-lockdown July 7, 2021 Online betting and gaming group 888 posted solid revenue growth this morning, buoyed by match starved sports fans looking for their sporting fix online, the group said. However, since UK retail and leisure venues reopened on 17 May, average daily revenues have been around 20 per cent lower than the year-to-date period from January to [...]
Investors set to scrutinise Fed’s mettle amid inflation surge July 7, 2021 Investors will be looking for any signs of the Federal Reserve wobbling on its ultra-loose monetary policy stance as inflation surges in the US when minutes from its latest FOMC meeting are published today. Last month, the Fed was bullish on the inflation outlook, reiterating that price rises are purely transitory and will ease once [...]
Ikea shelves plan for a new Sussex store due to ‘changing shopping habits’ July 7, 2021 Ikea UK has said it’s scrapping planned development of a new store at the New Monks Farm site in Lancing, Sussex. The Swedish furniture giant had selected the site in 2016 and was granted planning permission in 2020 as part of a £170m regeneration plan. However, the flat-pack furniture seller has pulled the plug, owing [...]
Concerns grow as North America experiences warmest June on record July 7, 2021 North America experienced its warmest June to date with several cities in the U.S. and Canada recording a full 5 degree Celsius temperature rise above previous records, according to EU Earth observation program Copernicus. Despite a slew of rain and cloud in the UK last month, it was the second warmest June on record for [...]
Nuclear submarine steelmaker set for public ownership July 7, 2021 A key supplier to the UK’s nuclear submarine building programme is set to be taken into public ownership amid concerns over its financial situation. Sky News reported that the Ministry of Defence (MoD) is finalising a move to nationalise Sheffield Forgemasters, one of the country’s oldest steelmakers. Talks over such a step have been going [...]
Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space July 7, 2021 London’s Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in a post-pandemic investment for both retail and hospitality. The 15,200 sq ft space at 70 Oxford Street, part of the redevelopment of the area, is a prime capital spot for a bar looking to capitalise [...]
Former trader at JP Morgan wins case against investment bank over spoofing July 7, 2021 Former trader at JP Morgan wins case against investment bank over spoofing
I’ll take two: London UK’s leading no-show hotspot for restaurant bookings July 7, 2021 London has been revealed to be the flakiest city in the UK for ghosting bookings, according to restaurant booking platform TheFork. Under the current restrictions in the hospitality sector, a pandemic-provoked ‘spread booking’ phenomenon has been reported by an increasing number of bars and restaurants. Some customers have been booking a table at more than [...]
Remote workers drive up UK productivity July 7, 2021 Workers in industries that were able to rapidly pivot to remote working after the onset of the pandemic have driven up productivity levels in the UK, according to new figures released today. Estimates from the ONS show output per job, excluding furloughed workers, was 9.2 per cent higher on average in the first quarter of [...]
Amazon accounts for a quarter of all UK online spending July 7, 2021 Amazon commands a sizeable chunk of all UK online spending, with more than a quarter of online purchases made via the ecommerce giant. A total 27 per cent of all UK online spending is via Amazon, according to data from ecommerce consultancy Wunderman Thompson Commerce. Last year, eMarketer forecasted that UK consumers will spend £141.33bn [...]
