Lockdown tech and shift to online lifts AO World’s revenues and profits July 1, 2021 The surge of online shopping amid the pandemic pushed revenues at online electrical retailer AO World to surge 59 per cent, the retailer said in a statement this morning. The switch to online helped AO wire in around £1.4bn in UK revenue in the year to 31 March, while revenue across the group entirely lifted [...]
UK manufacturing growth slows in June July 1, 2021 Growth in the UK’s manufacturing industry slowed over the last month, according to a closely watched business survey published today. The IHS Markit/CIPS Purchasing Managers’ Index dropped to 63.9 in June, down from May’s record high of 65.6. A reading above 50 indicates growth in the industry. Read more: British savings jump during lockdown as [...]
Job losses could surge as furlough support reduces from today July 1, 2021 Job losses could surge as furlough support reduces from today
Sake fizz isn’t just big in Japan: Here’s all you need to know July 1, 2021 Bottle-fermented sparkling sake – “Awasake” or foam sake – is seeing a surge in popularity outside of Japan. To underline the point, French masterchef Alain Ducasse has partnered with Japanese brewery Shichiken in Yamanashi to launch a new sparkling variety that offers an international taste journey in which “Japanese elegance meets French art of living”. [...]
Robinhood slapped with $70m fine for ‘misleading customers’ July 1, 2021 Stock-trading app Robinhood has been ordered to pay nearly $70m by financial regulators in the US for ‘misleading its customers’ and left them out of pocket. The app climbed to fame amid the Gamestop meme-stock rally at the beginning of the year. The US’s Financial Industry Regulatory Authority, known as FINRA, reported that Robinhood inflicted [...]
A record-breaking day for Ethereum as Soros looks to Bitcoin July 1, 2021 A record-breaking day for Ethereum keeps the second-largest cryptocurrency in the spotlight today.
Exclusive: Sadiq Khan ‘miles behind’ council housing target with just 1,600 completed since 2018 July 1, 2021 London Mayor Sadiq Khan is lagging behind on his 2018 promise to build more council houses in the capital, and has very little time left to meet his target. Numbers from City Hall showed just 1,632 council homes in London have been built since 2018, despite Khan promising to build more than 11,154 by 2022. [...]
Micro Focus narrows loss as software group slashes costs July 1, 2021 British software firm Micro Focus today reported a narrower loss for the first half of the year as it reaped the rewards of a cost-cutting plan. The London-listed company, which helps customers maintain and update legacy IT systems, posted an operating loss of $154.8m (£112m) for the six months to the end of April. This [...]
JD Sports raises profit outlook and announces board change July 1, 2021 Britain’s largest sportswear group raised its profit outlook for the full year to “no less than” £550m in a trading update today. JD Sports said sales in the immediate period after lockdown reopening had been “particularly encouraging”. Most of the fashion retailers 3,300 stores around the world are now open, bar some in the Asia [...]
Nexo platform launches full integration of Cardano July 1, 2021 The Nexo digital assets platform has initiated the integration of Cardano's native ADA to its full suite of financial services.
