Pfizer and Moderna vaccine supply limits pace of jab rollout June 30, 2021 There are not enough Pfizer and Moderna vaccines being supplied to reduce the eight week interval between doses, according to analysts. “It appears from the data available that Pfizer and Moderna supplies are the pace-limiting factor,” Matt Linley, an analyst at Airfinity, a data company tracking the vaccine rollout, told The Times. Last month, the [...]
Dixons Carphone posts £4.9bn UK revenue, buoyed by ‘explosion’ of gaming June 30, 2021 Dixons Carphone has posted a £4.9bn revenue from electricals in the UK and Ireland today, as it reaped the benefits of the pandemic-induced tech boom. Its revenue climbed eight per cent in the UK in the year to 1 May, up from £4.5bn the year before, the group said in its audited annual results this [...]
Australian bank Macquarie places £1bn bet on UK rental housing market June 30, 2021 Australian bank Macquarie is betting on the UK rental housing market with the creation of its new business that is planning to invest over £1bn, according to reports. The bank’s asset management arm is eyeing London to buy, develop and operate multi-family housing complexes, as well as other cities across the country, it said in a [...]
GB News viewer numbers slump after turbulent start June 30, 2021 GB News has suffered a sharp drop in viewing figures since its launch amid a string of difficulties for the upstart news channel. The station has pulled in just over 1m viewers in recent days, less than half the peak of 2.2m recorded on its first full day earlier this month. GB News, which has [...]
Topps Tiles boosted by Brits craving home improvement after lockdown June 30, 2021 Topps Tiles reported a surge in sales in the first three months since stores have been allowed to reopen, after lockdown restrictions at the beginning of the year heavily impacted the group’s performance. On a two year basis compared with 2019 before the pandemic, retail like-for-like sales increased by 12.9 per cent over the third [...]
M&C Saatchi shares fizz as ad group hikes expectations June 30, 2021 Shares in M&C Saatchi jumped this morning after the advertising group narrowed its pre-tax loss and forecast full-year trading ahead of expectations. The London media firm posted a 12 per cent drop in revenue to 2020 to £225.4m as the pandemic sparked a sharp fall in advertising spend. But pre-tax loss narrowed from £8.6m to [...]
Lockdown birthdays whip up 84 per cent online sales surge at Cake Box June 30, 2021 Cake Box whipped up a revenue of £21.9m, the company said this morning, as its online sales surged 84 per cent. The company’s revenue rose 16.9 per cent in the year to 31 March, up from £18.7m the year prior. Overall profits lifted 23.8 per cent, buoyed by the desire for a sweet treat in [...]
Serco profits set to rise 50 per cent, bolstered by Covid contracts demand June 30, 2021 Outsourcing giant Serco today said it expects profit to reach up to £125m in the first half of the year – up more than 50 per cent from the first half of 2020. Serco, which has outperformed the wider UK outsourcing space, said in a trading update this morning that it expects stronger demand for [...]
British savings jump during lockdown as UK GDP slips June 30, 2021 British households increased their savings sharply at the beginning of the year as the third coronavirus lockdown closed pubs, restaurants and shops. The UK’s savings ratio, which measures the income households saved as a proportion of disposable income, rose to 19.9 per cent from 16.1 per cent in the fourth quarter of 2020. This was [...]
Stagecoach scraps dividend as pandemic hits bus services June 30, 2021 Stagecoach has scrapped its dividend for the full year after Covid lockdowns sparked a sharp fall in revenue and profit. The Scottish transport group posted revenue of £928m in the year to May, down from £1.4bn in the previous 12 months. Pre-tax profit dropped 40 per cent to £24.7m, though this was ahead of market [...]
